Tag: PayCoin

CEO Behind GAW Miners, PayCoin Ponzi Scheme Sentenced to 21 Months in Prison

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Homero Joshua Garza, the CEO of the now-defunct U.S. crypto firm GAW Miners, has been sentenced to 21 months in prison for defrauding investors, local news agency Hartford Business reports Thursday, September 13. Garza received the verdict in the Hartford federal court, following his guilty plea to a wire fraud charge related to creating and selling a scamcoin dubbed PayCoin (XPY). Instead of serving the original 20 year sentence, Garza will report to prison on January 4, 2019 and be jailed until 2021, with an additional three years of supervised…

Josh Garza Sentenced to 21 Months for GAW Miners and PayCoin Scams

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Josh Garza Sentenced to 21 Months for GAW Miners and PayCoin Scams September 13, 2018 by Jon Southurst A Connecticut court has sentenced cryptocurrency scammer Josh Garza to 21 months in prison for his role in wire frauds that cost investors over $9.18 million USD. The CEO of the now-defunct company GAW Miners and founder of PayCoin was also ordered to repay investors’ losses in full. Also see: Will the New Stable of Stablecoins Help Soothe Nerves, Wean Industry Off Tether? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders…