According to a press release from the US Justice Department quoted by CCN, Jared Rice Sr., CEO of AriseBank, was arrested by the FBI this week on charges of embezzling ICO money worth approximately US $ 4 million (around Rp. 60 billion). At the time of writing,
www.arisebank.com was not accessible. In the website
https://icomarks.com/ico/arisebank, AriseBank conducts an initial coin offering (ICO) on December 26, 2017 to January 27, 2018.
source:
https://www.ccn.com/fbi-arrests-crypto-bank-ceo-who-embezzled-ico-funds/
