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RE: Arise Bank HQ raided by the alphabet gang

in #arisebank7 years ago

When I investigated Arise Bank I found it lacking, After previously, spotting several SCAM ICO's I spent some time researching on the internet. There were several red flags, allegations of past fraud by Jared, misleading information on the website (ATM locations), and a less than optimally designed website. (Someone said, the whole website is stupid, links do not go anywhere. I went to the website and started clicking links and several of the links I found all flunked the test.). I listened the the AM COAST TO COAST radio interview. I found it very vague and less than clear. It was sort of like listening to a politician. He talked a lot by never answered the question. That said I was surprised to see him on the Radio. My best judgement indicates this is a SCAM, and as a result it is good that the SEC/FBI raided. We have too many scams in crypto-space. Taking out some of the scams makes it more legitimate for the real projects. Eventually, all the scams go away, and the real projects are left, but it is so annoying to have to sort them out. If the project is real, Jared can explain it all to the nice judge and they can work things out. I am doubtful that will happen. If this is real Jared did a poor job of PR and Community relations. He should have signed the bank deal, before announcing it so people could see the real bank name. (Buying a bank is not that difficult if you have the money...) It should have been named better to avoid scrutiny. There are also lots of tropical countries with tough banking laws that likely would be very happy to partner with him. I mean -hello- there is a reason there are all those banks on small Caribbean islands! Anyway. I would like to believe that this was all real, but my good judgement tells me otherwise. Good luck to him and the courts to sort things out.

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Many valid points here, altho most of them have been responded to with somewhat plausible explanations. There are quite a few points that should raise concerns, but until I've seen compelling evidence, I'll remain on the fence. The fact that Stan Larimer believes in this project is what keeps me positive. There are lots of conflicting interests in this space where crypto meets FIAT, and regardless of what happens, this is a thriller to watch.