Hey ION and XPY friends! When we warned you about the GAW scam, the Paycoin lies and the non-existing Hashlets, you called us "trolls" and "fudsters". Now your former leader Homero Josh Garza a.k.a. GAWCEO just pleaded guilty.
https://www.linkedin.com/pulse/crypto-criminal-josh-garza-pleads-guilty-jane-kreismanThe thief of $20M through GAW Miners, Hashlets and Paycoin, has finally admitted his guilt and accepted a plea deal with the US Department of Justice, the FBI and the SEC. What do you think about that?
Here is a little reminder that your new leader, ION creator Adam Huey Matlack, was Josh Garza's best buddy in church and still defended the fraud even when everyone knew what was going on:
http://archive.is/pEsCbFor those out there without a linkd acc. Here is a good summary of the Garza situation.
https://motherboard.vice.com/en_us/article/josh-garza-bitcoin-ponzi-scheme-10-million-secFranz, you brought up an interesting observation about Matlack and Garza. I feel I should should share my own.
What do you think about Matlack being labeled the CHIEF STRATEGIST for Ionomy? Yet you won't find him listed on the Ionomy LLC's.
I completely see what Franz says about Matlack defending GAW, but I'm still inclined to think that at the point the archived post was written, he still believed that Josh was largely innocent. I've said before that I don't think Matlack was an active part of the GAW fraud (by this I mean I don't think he was in cahoots with Garza et al) -- I think he was just another naive investor sucked in by Garza's lies.
I also don't believe he and Garza knew each other from church; I've asked many times when people have posted implying that Garza and Matlack have links that go back to their childhood and I've yet to see any convincing evidence that this was the case, or indeed any evidence at all. I suspect that angle was something that's been perpetuated by people (most likely accidentally) on here and other forums simply guessing and has become a kind of folklore, much like the oft repeated idea that Stuart Fraser was Garza's father in law.
The fact that they've set up the two UK limited companies (not LLCs; there is a distinction there) is interesting, but I'd assume they did it because it offers less liability should things go tits up (I'm certainly not an expert here so if anyone else wants to chip in I'd be interested to hear any other perspective) and may have been favourable in some way for app store registration. Also remember that Matlack is the owner of 3RE, LLC, which appears to be the parent company that is running the ionomy project. I may be wrong here (and you're welcome to correct me if I am -- please!), but I would have imagined that limiting ones liability in a way similar to this is probably fairly common.
Interesting discussion anyway, thanks.