GAW Miners CEO Josh Garza Finally Pleads Guilty to Fraud
The Paycoin saga is finally coming to a close. As you can see in this document, sent to victims of the Josh Garza pyramid scheme called GAW Miners, Paycoin, et cetera, Garza is scheduled to plead guilty to one count of wire fraud on June 1st. He was previously facing three charges, but high-powered law firm Ballard Spahr did precisely as predicted in our last article, whittling the charges down to one in exchange for a guilty plea. Garza was initially facing securities fraud charges as well as selling unregistered securities. Each securities fraud charge carried up to 25 years and a....
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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....
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....
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....
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....
The United States Securities and Exchange Commission (SEC) has today charged Homero Josh Garza, founder of GAW Miners and ZenMiner with securities fraud and conducting a Ponzi scheme. According to a press release by the SEC, Garza is alleged by the SEC to carry out the fraud through his two Connecticut-based companies GAW Miners and ZenMiner by falsely claiming to produce bitcoin hashing power that GAW did not own. The complaint was filed in the U. S. District Court for the District of Connecticut today. An excerpt from the SEC charge read: In reality, GAW Miners and ZenMiner did not own....