It was not a scam
... says you, in the face of overwhelming evidence in this thread.
Authorities needs to build cases? Cases they do not need to be built: they exist or they do not exist.
Why are you trying to justify authorities having nothing in their hands?!?
A strong case for securities fraud exists with the Paycoin scheme.
Homero Joshua Garza already had a default judgement of $346,746.29 for scamming his power company -
Mississippi Power Company v. GAW Miners, LLCWhere am I "trying to justify" that authorities have nothing on their hands ? Quite the contrary. It's right there in this thread if you read from the beginning.
The Federal legal system moves slowly to build cases. See
Federal Trade Commission v. BF Labs, Inc. et al for example.
The one thing that keeps sticking in my mind, is what if there was never an SEC investigation. It seemed Josh was always quick to threaten people
that the reason he can't do stuff is the SEC are watching. What if he was just using this to scare people when it was never actually an issue? This