Mining company CEO was sentenced to 21 months in prison for Ponzi scheme

in mining •  6 years ago 

According to coindesk Josh Garza CEO of the disbanded cryptocurrency mining company GAW Miners was sentenced to 21 months in prison after acknowledging his alleged wire fraud fraud. Garza was also sentenced to six months of family imprisonment after being released as part of a three-year probation. It is reported that GAW is accused of being regarded as a Ponzi scheme for more than one year from 2014 by selling more cryptocurrency mining capabilities than the company actually has.

mining ponzi scheme cryptocurrency capabilities
6 years ago by

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