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Rice faces up to years. Wednesday, November 28, For Immediate conducted the investigation. Share sensitive information only on official, secure websites.

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According to the SEC's complaint, Rice, Ford, and AriseBank are alleged to have offered and sold investments in their purported "AriseCoin" cryptocurrency to. AriseBank's then-CEO Jared Rice Sr. and then-COO Stanley Ford were accused of offering and selling unregistered investments in their. Authorities say Jared Rice Sr. was arrested Wednesday and faces multiple counts of wire fraud and securities fraud.

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Get browser notifications for breaking news, live events, and exclusive reporting. Rice faces up to years in federal prison. Related Posts. Share Facebook Icon The letter F. The person behind cryptocurrency AriseCoin was sentenced to five years in federal prison by the US Department of Justice.

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