Former Employee of Bitcoin Mining Company Under SEC Investigation
A former employee of the collapsed bitcoin mining company, GAW Miners, is currently under investigation by the Securities and Exchange Commission (SEC) for fraud. Carlos Garza was issued a subpoena by a federal judge in Massachusetts to be forced to respond to these allegations. According to the SEC, millions of dollars were lost in possibly fraudulent sales of bitcoin mining hardware by GAW Miners. Carlos Garza is a former salesman of the company and is the brother of the founder and CEO, Josh Garza. Bitcoin Mining Fraud. Carlos Garza appeared before SEC lawyers in Boston last week for....
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This story has been updated with additional information. The US Securities and Exchange Commission (SEC) has filed suit against a former employee of the now-defunct cryptocurrency mining company GAW Miners. Carlos Garza, according to a 14th August filing, has allegedly refused to comply with a SEC subpoena in connection with its long-running investigation into GAW Miners and CEO Josh Garza. The law enforcement agency is investigating whether GAW violated securities law through the sales of its Hashlet mining products as well as the sales of the cryptocurrency paycoin. The SEC is also....
The US Securities and Exchange Commission (SEC) has filed a lawsuit against an ex-employee of the demised cryptocurrency mining outfit GAW Miners. The Federal Agency has accused Carlos R. Garza of violating a subpoena in relation to their ongoing investigation into GAW Miners and its CEO Josh Garza. The investigation is to know whether the company was engaged in fraud by selling unregistered securities through Hashlet mining products and cryptocurrency PayCoin. SEC is also investigating whether GAW was a Ponzi company, as reported by many of its investors. According to the legal notice....
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