The U.S. Securities and Exchange Commission has delivered potential knockout punches to a pair of now-former executives who used an endorsement from boxing legend Evander Holyfield as part of an effort to promote an allegedly fraudulent initial coin offering, or ICO.  

Jared Rice Sr. and Stanley Ford, who served as CEO and COO respectively of the Dallas-based AriseBank, have been barred for life from serving as officers and directors of public companies and from participating in digital securities offerings as part of a settlement with the SEC.

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