Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
https://www.coindesk.com/landmark-crypto-crime-case-ends-with-jail-sentence-for-gaw-ceo/
Quote
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 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.
What a douchnozzle:
