It’s been a long time since we’ve heard much from Josh Garza. At last glance, he was facing charges of fraud from the Securities and Exchange Commission and much of his army of GAWesome supporters had gone silent. The SEC case continues, and earlier this…
It’s been a long time since we’ve heard much from Josh Garza. At last glance, he was facing charges of fraud from the Securities and Exchange Commission and much of his army of GAWesome supporters had gone silent. The SEC case continues, and earlier this month Garza finally responded to the charges with a long-winded “pleading of the fifth.” This response to the allegations comes after numerous requests to delay the case, the contents of which are mostly sealed.
“Accordingly, on the advice of counsel, Defendant respectfully declines to answer the allegations set forth in the Complain, based on his rights under the Fifth Amendment to the United States Constitution.”
At the end of the filing, however:
Defendant reserves the right to amend this Answer upon the resolution of any criminal investigation or related proceedings.
This last bit is clearly intended to allow Garza a chance to later plead out of the case while giving away nothing at present.
The case has largely fallen off the radar of cryptocurrency enthusiasts, who’ve become more engrossed in the various aspects of Bitcoin’s block size debate as well as the stellar growth in the price of Bitcoin which have both happened during the intervening months.
For this reason, this writer, who covered the scandal in depth culminating in a full-scale rebuke of the dozens of individuals who consciously defended Garza’s every move up until the bitter end, will quickly give the reader the rundown of the GAW Miners Hashlet scam.
At CCN, our memory is long and we look forward to soon reporting on the outcome of Garza’s SEC trial. There is not much that can be done for those who were repeatedly warned against doing business with anything Garza touched, but we can help to ensure that no future cryptocurrency project fomented by him or his cohorts goes unnoticed.
Featured image from Shutterstock.
Last modified: January 26, 2020 12:04 AM UTC