Quote from: bumpershot on April 19, 2015, 04:35:45 PM

The great thing about the email dump is that it starts back when I'm almost 100% certain GAW Miners was a legit company. They actually hosted physical miners that people bought. They dropshipped, sure, but they were upfront about it. There was a little C&D bullying, but nothing like what came later.

Garza looked like he tried to be a good CEO, too. He was pissed when he got word of customer service fails in his company. He educated his executives. He had something called a business plan.

Then, they decided to make the hosted miners virtual. He just took that and owned being a scammer. Suddenly, the emails are about bullying people or guilting people into shutting up or dropping claims. He started cutting pay and overpromising equity. It's like once they decided to lie to their customers, all bets were off, and everything became part of a game to extract as much value from everyone as possible.

He's just an amazing character. He deserves a biopic more than an episode of American Greed. He got so brazen so quickly, and he's been able to maintain it for so long, that this scam deserves a place in scam history.

* Small error about Josh starting out legit. Josh made his plans crystal clear before he started GAWminers. Get people hooked in and build trust with legit hardware sales, and then hold back hardware deliveries and switch to "virtual mining"- aka pure Ponzi mode. The whole thing was planned from day -1. Paycoin was cooked up after the Hashlet Ponzi began to crash last fall.

P.S: This post details the plan up to creating a hosting center for sold hardware instead of delivering it. GAW may or may not (probably not) have had some real mining early on, but then it went full Ponzi. It could be argued that it was only 99% Ponzi with a small fraction of mining, but gauging by the BTC purchase to make Hashlet Payout and Payroll Emails it is clear that very little, if any, real mining was done.

Quote from: I_IZ_CEO on January 06, 2015, 07:57:13 AM

Quote from: suchmoon on January 06, 2015, 07:44:07 AM

Quote from: I_IZ_CEO on January 06, 2015, 07:41:12 AM

Quote from: suchmoon on January 06, 2015, 06:53:25 AM

Quote from: I_IZ_CEO on January 06, 2015, 02:49:53 AM

Trololoolo
http://i.imgur.com/fTvQxRb.png

Where is this from? Do you have a full quote?

I found it on KNC forum...
You have to search for member and enter the CAPTCHA, it won't let me archive it Sad

http://forum.kncminer.com/search?searchJSON=%7B%22author%22%3A%5B%22joshg21%22%5D%2C%22sort%22%3A%7B%22relevance%22%3A%22desc%22%7D%2C%22view%22%3A%22%22%2C%22exclude_type%22%3A%5B%22vBForum_PrivateMessage%22%5D%7D&btnSubmit=&humanverify%5Binput%5D=SyYMEB&humanverify%5Bhash%5D=50a9715190b9d4184e4ca2f07b2a9134&humanverify%5Binput%5D=SyYMEB&humanverify%5Bhash%5D=50a9715190b9d4184e4ca2f07b2a9134

Edit: Golden. "josg21" is the username.

WOW... I thought what I posted was all that was there... Holy shit, you hit gold. I am searching something else and will post when found!