Tag: gaw miners

Sentencing of Josh Garza Potentially Delayed Until January 2018

Josh Garza is one of the more hated people in all of Bitcoin and cryptocurrency. His numerous scams have included PayCoin, GAW Miners, ZenMiner, and ZenCloud. Everyone knew it would only be a matter of time until all of those companies suddenly disappeared. After a thorough investigation, law enforcement officials finally arrested Garza earlier this year. His sentencing, however, may not occur later this year as originally planned. That is not the …
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SEC Files Motion For Default Against GAW Miners and ZenMiner

The Securities and Exchange Commission has a filed a motion for a default judgement against GAW Miners and ZenMiner. “The Commission seeks a default judgement because GAW Miners and ZenMiner failed to answer or otherwise defend the Commission’s Complaint against them” The mining firms, which were run by Joshua Garza, are accused of swindling investors out of millions of dollars by misrepresenting the amount of real mining equipment the companies …
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SEC Files Charges Against Joshua Garza, GAW Miners and ZenMiner

It was only a matter of time until the US Securities and Exchange Commission filed official charged Bitcoin mining companies for fraudulent behavior. Both GAW Miners and ZenMiner have been officially indicted, as these two Bitcoin mining “companies” have been charged with conducting a Ponzi scheme to defraud investors. Also read: German Mobile Payment Solution Yapital Shuts Down GAW Miners and ZenMiner Officially Deemed Ponzis The complaint by the SEC …
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Cryptocurrency News Sources Under Public Scrutiny

Happy New Year So far, the start of 2015 has been a dramatic one for Crypto. In the world of scandals, an old saying goes, “There is no such thing as bad publicity.” These last three days had an avalanche of bad press for PayCoin – the altcoin backed by Josh Garza/GAW miners. But, in the Bitcoin world, negative publicity means a loss of 70% in value within 72 hours. …
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