ICO Scam: AriseBank and its Founders to Refund Investors $2.7 Million

Bank executive looks at cash in wallet

The United States Securities and Exchange Commission (SEC) has won a prolonged court battle against the AriseBank blockchain project which organized a fraudulent initial coin offering (ICO) that claimed to had raised $600 million from investors last year. Now, authorities have ordered the founders of the project to pay investors a total of $2.7 million, reported  Dallas News on December…Read More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

Source: BTC Manager