SEC Halts AriseBank ICO, Calling It an Outright Scam

In a statement from the Securities Exchange Commission SEC, an emergency relief action was filed to shut down AriseBank, which it described as an outright scam.In a growing list of enforcement actions by the SEC, the complaint against AriseBank stated that the Dallas-based company had used deceptive tactics to raise what they claim was $600 million of its $1 billion goal in just two months. Co-founders Jared Rice Sr. and Stanley Ford are being charged with alleged fraud and issuing unregister