Good friend of mine just confirmed after a meeting with low level SEC representatives that the Securities and Exchange Commission is investigating GAW MINERS, LLC for securities fraud and WILL be indicting/prosecuting them under the 1970 RICO Act.
Get any assets you have left out NOW.
Sounds like BS, but it is only a matter of time before they do get slammed by the SEC/FinCEN.
Yeah. Right. I´m sure that the present totally obsolete banking system
and its "regulators" are in a terrible hurry to stamp out BTC scams.
You would be surprised. It wouldn't be the first time the feds have gone after bitcoin ponzis/scams. They even went after Erik Voorhees just for selling unregistered securities.
Here are some nice quotes:
All issuers selling securities to the public must comply with the registration provisions of the securities laws, including issuers who seek to raise funds using Bitcoin, said Andrew J. Ceresney, director of the SECs Division of Enforcement. We will continue to focus on enforcing our rules and regulations as they apply to digital currencies.
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370541972520#.VGpVdclZgkQ