November 2018-Fort Worth, Texas
The U.S. Attorney’s Office for the Northern District of Texas announced the arrest of Jared Rice, Sr. who is charged with defrauding hundreds of investors out of more than $4 million in a cryptocurrency scheme.
According to the Department of Justice press release, Rice lied when he told investors that AriseBank could offer consumers FDIC-insured accounts and traditional banking services, including Visa credit cards, in addition to cryptocurrency services.
Rice, who is charged with three counts of securities fraud and three counts of wire fraud, purportedly used the investor funds for his own personal use, faces up to 120 years in prison, if convicted.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900