Archive | GAW Miners

Josh Garza Sentenced to Prison and Fined $9M over GAW & Paycoin Scam

U.S. Attorney’s Office District of Connecticut has announced Homero Joshua Garza (Josh Garza) has been sentenced to “21 months of imprisonment, followed by three years of supervised release, the first six months of which [Mr. Garza] must spend in home confinement, for his role in his companies’ purported generation and sale of virtual currency.” The […]

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 […]

Garza Fined $12 Million by SEC for GAW Mining and Zenmining Ponzi Schemes

American citizen Homero Joshua Garza has been fined $12 mUSD for running the fraudulent GAW Miners and Zenmining cloud-mining scams. Also read: European Commission Launches Digital Currency and Dark Web Consortium Allegations of fraud emerged against the former CEO of GAW Miners during 2015, as US investors accused Garza of running a Ponzi scheme that […]

Person behind Bitcoin Mining Scam Faces $12 Million Fine

The promoter of GAW Miners and Zen Miner cloud cryptocurrency mining service platform has been slapped with a hefty fine and charged for running a fake mining operation. Mining cryptocurrencies is not just an exciting hobby, but a lucrative business opportunity as well. The use of computing power to crack cryptographic algorithms and get rewarded […]

Gaw Miners Victims May See Restitution in the Near Future

The infamous Gaw Miners company and investor Stuart Fraser may see the courthouse soon in a civil lawsuit against the defunct operation. A U.S. judge from the state of Connecticut denied Fraser’s request to a default judgment and hearing extensions. Also read: SEC Officially Indicts GAW Miners CEO for ‘Hashlet’ Ponzi Scheme Gaw Miners Sued for […]