Welcome to the website established by the Receiver for AriseBank and its affiliates. The Receiver acts as a court-appointed, neutral third party responsible for overseeing the assets of AriseBank and its affiliates during the pendency of the litigation referred to above. The Receiver does not represent either the SEC or the defendants in this case. You may access here a copy of the Order Appointing Receiver that was entered on January 25, 2018 by the United States District Court for the Northern District of Texas.
Important Notice to Potential Claimants: On February 1, 2019, the Court approved the proposed claims process, notice procedures, and bar date. A copy of the Court-approved notice of claims bar date is here. Any person seeking to submit a claim for recovery must do so by 11:59 p.m. (U.S. Central Time) on Tuesday, May 7, 2019. Any claim forms received after this bar date will not be considered.
The deadline for submitting claims has now passed and no further claims will be accepted.
Securities and Exchange Commission v. AriseBank, Jared Rice Sr., and Stanley Ford
Case No. 3:18-CV-00186-M (N.D.TX)
Mark W. Rasmussen, Receiver for AriseBank v. Richard Smith, Jr. and Kurt F. Matthew, Jr.
Case No. 3:18-CV-01034-M (N.D.TX)
Mark W. Rasmussen, Esquire has been appointed by the Court as the Receiver for the assets of AriseBank and its affiliates. Information about the Receivership is updated on this site. For more information, please contact: firstname.lastname@example.org, or call 214-969-2950. If you have questions about receiverships generally, you may find more information on the Securities and Exchange Commission’s website at this link.