TagJosh Garza

GAW Miners's Josh Garza Gets 21-Month Prison Term for Defrauding $9.2 Million

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A former cryptocurrency entrepreneur will spend time behind the bars of a Federal prison after pleading guilty to defrauding customers of $9.2 million. According to court documents, Hartford Federal Court sentenced Homera Joshua Garza, 33, the former CEO of a now-defunct GAW Miners mining company, to a statutory minimum of 21 months in a federal corrections facility. Joshua Garza pleaded guilty...

SEC Obtains Final Judgment Against GAW Miners CEO Josh Garza for $9 Million Fraud

Justice Bitcoin

The U.S. Securities and Exchange Commission (SEC) has obtained a final judgment against GAW Miners CEO and fraudster Homero “Josh” Garza, who orchestrated a Ponzi scheme that stole millions of dollars from GAW customers. As a result of the ruling, Garza will be held liable for disgorged profits of $9,182,000, along with prejudgment interest in the amount of $742,774. Garza must pay the interest...

Guilty of $9 Million Bitcoin Ponzi Scheme: Josh Garza Charges Finalized, Officiated

Lawyers Digital Currency Coalition

It seems the long saga of Josh Garza finally comes to a close. Though he had a legion of followers at one point who swore to death that he was not a scammer, it is now evident that he was, in fact, a scammer, and is now a convicted one. The only hope is that this means there will be no further activity from him, at least not in the cryptocurrency space. He’s had a career of scamming, from the...

SEC Wins GAW Miners' Bitcoin Ponzi Legal Case, Continues Litigation Against Garza

bitcoin stock exchange securities fraud

In a statement released Monday, the SEC announced that it has reached a sum and conclusion on its first successful case against Josh Garza, GAW Miners, and ZenMiners. It read: The final judgement […] orders each of them to pay, jointly and severally, $10,384,099 in disgorgement and prejudgment interest. The final judgment also requires each entity to pay a civil penalty of $1,000,000. Both GAW...

SEC Demands $12 Million from GAW Miners for Bitcoin Ponzi Fraud

SEC

Readers may recall with avid disgust the charades of one Josh Garza, former CEO of miner turned scam company GAW Miners, who recently plead guilty to massive fraud. Now, the SEC says they are not done with him and want his former company to pay $12 million in reimbursements and civil penalties. Strangely, this doesn’t effect Garza personally very much. The companies, which have no cash or assets...

Cryptocurrency Miner FoxMiners Rife With Scam Allegations

Foxminers Scam

Note: This is a precursory article, as the company has said they will be shipping units next week, and that there will be reviews and proof after that point. Nonetheless, we have decided to release the details we have now so that aspiring miners can make their own decisions regarding FoxMiners hardware. The Bitcoin industry is so filled with scam artists, its instant and cash-like nature being...

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...

Paycoin's Josh Garza Continues to Delay SEC Trial

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...

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