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CEO AriseBank, a Blockchain Startup May Face 120 years in Prison for $4M Crypto Scam

CEO AriseBank, a Blockchain Startup May Face 120 years in Prison for $4M Crypto Scam

Rather to develop a product with raised funds, a blockchain based startup used it to afford the luxury lifestyle. A former CEO of AriseBank, Jared Rice has reportedly used $4million by defrauding investors and used to pay for hotels, food, and clothes. In addition, the fund has also used to appoint a family lawyer.






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