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SEC Settles Fraud Charges with AriseBank Execs

Two former top executives of AriseBank have agreed to settle fraud charges brought against them by the U.S. Securities and Exchange Commission.

The SEC announced Wednesday that AriseBank ex-chief executive officer Jared Rice Sr. and ex-chief operating officer Stanley Ford will pay about $2.7 million in disgorgements and penalties for operating a cryptocurrency scheme that used former heavyweight boxing champ Evander Holyfield as a spokesperson.

Mark Curriden

Mark Curriden is a lawyer/journalist and founder of The Texas Lawbook. In addition, he is a contributing legal correspondent for The Dallas Morning News.

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