News
The CEO of now-defunct GAW Miners has been sentenced to 21 months in prison and ordered to pay $9.2 million in restitution to investors.
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GAW Miners News
GAW Miners, LLC is a company that specialized in manufacturing, supplying and selling special hardware for cryptocurrency mining. The company was founded by American entrepreneur Homero Joshua Garza in 2014 and was headquartered in Bloomfield, Connecticut. The company offered various kinds of mining equipment, such as the GAW Miners Fury — the script for which was based on the ASIC miner that can be used to mine script-based cryptocurrencies — and other accessories for mining. Besides that, the company offered GAW Miners Hashlet for digital cloud mining. GAW Miners sold products both online and through resellers. In 2015, the company was closed down due to the suspicion of being operated as a financial pyramid. In 2016, users of GAW Miners sued the company for fraudulant actions.
The US SEC has confirmed Josh Garza’s GAW Miners was a “ponzi scheme” after handing down a find of $12 million.
10122US Securities and Exchange Commission (SEC), the Internal Revenue Service, FinCEN, Department of Homeland Security, and other government agencies have officially launched multiple investigations into Cryptsy
636The first Bitcoin block in support of Bitcoin XT has been mined by Slush Pool; the bitcoin price has plunged over 13% and more top stories for August 19.
619A recent Visa report indicates that the major international credit card firm is planning to research blockchain; LocalBitcoins and BitQuick are withdrawing their services from NY in response to the BitLicense, and more news
400The Bitcoin news website Bitcoinist LTD has signed a private long-term lease agreement for the “million-dollar domain” BTC.com.
578New Jersey has clarified the position of merchants accepting bitcoin as payment; mobile operator Orange is searching out digital currency start-ups in Silicon Valley; GAW mining sued for US$500,000 and more news
903“Josh Garza will have an opportunity to speak, and attendees will have an opportunity to respond”, said conference founder Moe Levin. The news comes in the midst of the Paycoin controversy that CoinTelegrah covered Friday.
1330- Paycoin Attempts To Explain Away Pay Floor, But Deleted Statements Appear To Tell A Different Story.
Paycoin has issued a statement attempting to explain why the US $20 pay floor everyone was never promised, but previous comments have some wondering if they changed their stories.
582 The GAW/Paycoin controversy has sparked online protests against TNABC for allowing Josh Garza to speak, but how far should it go?
428Litecoin, Dogecoin, Blackcoin and Neoscoin requested to be delisted from Coin-Swap. The move follows the recent announcement of Josh Garza's Paybase’s acquisition of the cryptocurrency exchange.
1196The Geniuses at Work Corporation (GAW) announced in a statement Wednesday that the company had acquired a controlling stake in cloud mining company ZenMiner.
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