Mr. Garza, in (250) words or less, please explain how you plain on defending your admitted involvement in what can be easily classified as a classic cryptocurrency pump-and-dump scheme in addition to other ongoing conduct relating to the mishandling of verifiable securities in violation of sections 5(a), 5(c), 17(a), and 17(b) of the Securities Act of 1933 [15 U.S.C. §§ 77e(a), 77e(c), 77q(a) & 77q(b)], Section 10(b) of the Securities Exchange Act of 1934 [15 U.S.C. § 78j(b)], and Rule 10b-5 thereunder [17 C.F.R. § 240.10b-5]?
"Mishandling of verifiable securities"? Who wrote this?
And who thinks that paycoin/paybase looks like a
"classic cryptocurrency pump-and-dump scheme"? I agree, more like straight up theft, rather than pump and dump scam.
He lied that there was no pre-mine. Then, sold off millions of premined coins for a ton of money.
(He claims it wasn't pre-mined and that he was just lucky enough to find the first block that just happened to contain millions and millions and millions of coins.)
Where did he claim that? I've seen him rationalize the size of the premine, but not claim that they were "lucky" to get the first block, which would be one of the stupider things he ever said.