Tezos Foundation President Announced His Resignation

But shortly after Johann Gevers deleted his blog post
31 January 2018   2061

Johann Gevers, President of Tezos Foundation, company, that manages funds, raised thru well - known Tezos ICO, reported on his resignation. 

But if you will click on the link above, you'll get this.

Deleted Post
Deleted Post

So what was in that deleted blog post? Reuters reports about it. Johannes Gevers, will leave office after the problems of the Tezos start-up are resolved and he will resume work after several months of downtime and scandals with the founders.

According to Gevers, the fund restored limited access to banking services after the freezing of financial operations in late 2017 and was able to pay again to creditors and developers. At present, the company has updated the staff and signed an agreement with a new law firm.

I have consistently communicated ... my intention to step back from the Foundation as soon as things are on track with a new board that is independent and has the support of the Tezos community.
 

Johann Gevers 

President, Tezos Foundation

However, on Monday the post was deleted.

CEO AriseBank Admitted to Fraud

Now Jared Rice faces up to 120 years in prison, however, confession may reduce this period to 20 years
22 March 2019   75

AriseBank CEO Jared Rice confessed to deceiving investors for $ 4.2 million in cryptocurrency. The plea agreement filed in the federal court of Dallas, Dallas News кузщкеы.

According to the document, Rice promised investors a "guaranteed return" of up to 20% of the invested funds, as well as opening bank accounts insured by the Federal Deposit Insurance Corporation and Visa-related debit and credit cards, although he did not have agreements with these companies.

The $ 4.2 million received from the ICO Rice spent on his girlfriend, lawyers, as well as on hotels, food and trips by Uber.

It is noteworthy that Jared Rice’s plea for cryptocurrency fraud was one of the first of its kind in the United States.

Now Rice faces up to 120 years in prison. However, confession may reduce this period to 20 years. Also, the organizer of the scheme will have to pay damages to deceived investors.

The final verdict on the case will be delivered on July 11.

Jared Rice was arrested in November 2018 on charges of fraud with unregistered securities and fraud using electronic means of communication. In December, the US Securities and Exchange Commission (SEC) obliged him and Stanley Ford, co-founder of AriseBank, to pay about $ 2.7 million as part of the settlement of the charges.