Lastly, at the risk of receiving another 24hr deadline/warning from Josh for no legitimate or lawful reason, I submit the MtGAW reference be migrated over to a kinder/gentler name while the truth of his business's actions continues to slowly make its way to the forefront of this pre-ICO environment.

Ladies and Gentlemen, I give you GAWGate (Law and Order dum-dum-dum theme heard in the distance).

A Texas man was arrested Thursday and charged with fostering a bitcoin-related Ponzi scheme, in what is the first securities fraud case involving the crypto currency ever lodged by US prosecutors.

Prosecutors said the defendant, Trendon Shavers, is accused [PDF] of promising investors "absurdly high interest" in exchange for turning over their bitcoin to him. Investors were falsely promised that their bitcoin was recoverable at any time, the authorities said.