GAW Gets Sued: Josh Garza Faces Class-Action Suit Over Scams
A class action suit has been filed against Joshua Garza, Stuart Fraser, and GAW Miners, LLC. This suit comes following the months-long legal proceedings involving the company, including a breach of contract suit from Mississippi Power Company over nearly $350,000 USD in unpaid electricity bills, and the SEC charging Garza and the company with security fraud in December of 2015. The formal complaint filed yesterday is the culmination of over a year of collecting evidence for the case after the Plaintiffs’ announcement of intent in April of 2015. The class action represents over ten thousand....
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The Bitcoin domain BTC.com was purchased by Josh Garza of GAWMiners for a whopping 1.1 million US dollars. As larger players and investors come into the Bitcoin and cryptocurrency world, more money is being invested in properties and businesses. BTC.com was available on the market for a couple of weeks, even CCN was contacted for the possibility of buying the domain. And now it turns out that Josh Garza was the lucky one to acquire it. Josh Garza woke me up at 2:30 am today with this message: Josh Garza. To: Scott Fargo. Date: August 4, 2014, 2:32 AM. So you wanted some news? I just bought....
This article has been updated with comment from Josh Garza's lawyer, Marjorie Peerce. The US Securities and Exchange Commission has charged former GAW Miners CEO Josh Garza with the fraudulent sale of unlicensed securities and the operation of a Ponzi scheme. The complaint, filed today in the US District Court for the District of Connecticut, focuses largely on the sale of Hashlets, the "virtual miners" sold by GAW Miners through its cloud mining site, ZenCloud. The SEC said that Garza and GAW earned roughly $19 million in revenue from the scheme, which evolved from hardware hosting to....
Following ShapeShift's ceased relationship with PayCoin, creator Josh Garza is challenging the associate director of Litecoin Andrew Vegetabile to a public debate, regarding the growing controversy around PayCoin and its history of "broken promises." Garza started the spark earlier this week by announcing: "I challenge Andrew to an open public debate in person online any time to discuss how this kind of action is bad for our industry and all the coins out there. If he asked the Litecoin community as a whole and had a vote, would the Litecoin users want a new place to use their coins and....
Paycoin has to be one of the most controversial cryptocurrencies in the industry to date, filled with promises that never saw the light of day, allegations and revelations that are still unfolding; it has left a sour taste in the mouth of many involved in the crypto sphere. Mr. Vegetabile who is one of the five directors of the Litecoin Association has been very vocal independently from the Association of Josh Garza, GAW, Coin-Swap and Paycoin in the past, which resulted with Mr. Garza last January calling Andrew out for a public debate which has yet to happen due to Josh looking to change....
"The poor and the needy are selfish and greedy." -The Smiths. Oh Cryptsy, you've done it again. This time it's not losing customer deposits for months, robbing them of proper exchange rates, hiding customer deposits without telling them, or locking up large sums of money. No one has (yet) sued you over this one. No, this time you've gone and tied your future to the future of Paycoin, the most scam-ridden, hype-driven, fraud-tainted, lie-based altcoin the cryptocurrency world has ever witnessed. This is an op-ed. Also read: Josh Garza Releases A Hit List of Media Outlets. E-mail dumps have....