where's mordica's childhood friend... we need someone to tell us how that guy was also completely innocent

Hi, just found this website, please read my story and forgive for my language because I'm 14 years old.

I don't know about these currencies, btc and xpy much but I have been with my father when he invested around 400,000$ last year in paycoin, so I had a little talk to him during that time. He bought 107,200xpy because he was told that he will get 500% profit on paybase launch. But apparently there was an issue on paybase launch. So the paycoin team said that it will be postponed for 1 day.

- On the launch date, the xpy spiked to 20$, but my father couldn't sell it, it was closed 10 minutes after the launch. He was a little too late.

- The paybase team came to apologize and said that this program will not work.

- It dropped to 5 usd and lower and lower to 3 or something, and they made the announcement to accept coins at 20$ again, then the price doubled up to 5 and 7 and 8.

- Later on it dropped again, my father still held the coins, waiting for the coins to get 20$

My father went to Tibet after he failed in investment to do meditation, he was stressful and never in contact with me for months.

He sent me an email today with his id and password of his email and wallet password. He wants me to do some research and make decision by myself. Whether to continue or withdraw the money for me and my grand mom.

He said he wanted me to take care of his investment, he sent me new 2500 coins called lNC

I have a lot of questions to ask but I will start with

1.How is paybase a scam? How does it work? So basically you buy xpy and hold it for weeks or months and sell them to Paybase.com, but apparently they ran out of money in 10 minutes because everyone was selling a lot of the coins on the Paybase launch. I'm very confused here because how can a company that pay you extra money is a scam? Aren't they the one losing money?

2.I have lnc now, but I don't know where to do research about this currency. Is it good or not?

I don't have time to read much or do research. please give a summary for me because I'm very short in time.

Thank you.

I probably would have lost a lot of money if not for this thread. I just trust people by nature. The posters here, especially Paul Revere and suchmoon, helped a lot of people. Who knows how many people were considering giving their money to GAW until this thread provided a reality check?

I mean, I actually thought this was all mostly incompetence until the big email dump that slapped me in the face and showed me exactly what kind of scam this was. This thread does God's work.

Didn't follow this the last weeks... it's unknown where Josh is? Dubai or back in the States?

Dave01, scamiam, and other retards/shills...the time is right for some apologies I think. Its plainly obvious that you all sucked the wrong brilliant cock, as it actually belonged to a moron and a now proven scammer. The last shred of hope you guys had was the 'fake' investigation which is now clearly real (as if there was even any doubt). Either come out, admit you're wrong, and try to help prevent fraud like this from occurring in crypto circles from now on, or just put guns in your mouths and pull the trigger. Do everybody a favour.

yes im sure http://www.sec.gov/litigation/litreleases/2015/lr23322.htm is not realistic  go die in a corner like samiam


id say it will take still at least 1 year+ :\ litigants from the numerous lawsuits against GAW can still recover some of the cash before criminal conviction tho

A thought just occured to me.  I have been reading this thread since around 5th January this year, and since  25th January I knew Josh Garza should be in jail. With the recent events it looks like over the next 8-10 months he could finally end up in prison.  Is that a realistic timeframe?