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Arise Coin Founder Jared Rice Guilty of Securities Fraud; Will Serve 5 Years

Arise Coin was a crypto business that allegedly cheated investors out of as much as $4 million. Now, it appears the founder – a 33-year-old man named Jared Rice, Sr. – has been found guilty of masterminding the company. He has been sentenced to serve five years in prison and must also pay more than $4 million in restitution. Jared Rice Will Serve Time and Pay Penalties The sentence was handed down by US District Judge Ed Kinkeade in late August. Upon pleading guilty to...

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