Archive | Zen Miner

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 […]

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 […]