I will admit that I do not understand a lot of what happened. But things looked fishy to me. I saw red flags, but I cannot know or prove if this was legitimate or not. In my mind though, this is a good case for the courts to look at. If this was a con/scam the courts did us a huge favor by killing it early. If it is legitimate, the idea will be reborn are presented in a better more compliant way.
RE: Arise Bank raided by SEC, Interview with J Rice Snr confirms.
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Arise Bank raided by SEC, Interview with J Rice Snr confirms.
Sometimes scam and incompetence are hard to distinguish. Don't assign to malice what could just as easily be assigned to stupidity. "Bank" and an offer to US citizens was like putting a big red target on its back for the SEC.
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