https://www.coindesk.com/landmark-crypto-crime-case-ends-with-jail-sentence-for-gaw-ceo/Josh Garza, the CEO of the now-defunct cryptocurrency mining company GAW Miners, has been sentenced to 21 months in prison after pleading guilty to a wire fraud charge.
Garza was given six months home confinement as part of a 3-year probationary period following release.
Thursday's sentencing caps a years-long saga that began in 2014, with allegations that GAW was functioning as a Ponzi scheme by selling more cryptocurrency mining processing power than the firm actually possessed.
Garza had good legal representation as he got off with a light sentence. His was the
number one cryptocurrency scam I wrote about back in 2015; Litecoin GEAR came in second place.
I dumped all my hashlets when the paycoin came out, nothing was adding up. Everything was fucked and the cult was following him blindly. Gaw was pure shit and Garza knew what he was doing the entire time.