GAW Miners News
GAW Miners, LLC is a company that specialized in manufacturing, supplying and selling special hardware for cryptocurrency mining. The company was founded by American entrepreneur Homero Joshua Garza in 2014 and was headquartered in Bloomfield, Connecticut. The company offered various kinds of mining equipment, such as the GAW Miners Fury — the script for which was based on the ASIC miner that can be used to mine script-based cryptocurrencies — and other accessories for mining. Besides that, the company offered GAW Miners Hashlet for digital cloud mining. GAW Miners sold products both online and through resellers. In 2015, the company was closed down due to the suspicion of being operated as a financial pyramid. In 2016, users of GAW Miners sued the company for fraudulant actions.
The CEO of now-defunct GAW Miners has been sentenced to 21 months in prison and ordered to pay $9.2 million in restitution to investors.
CEO Behind GAW Miners, PayCoin Ponzi Scheme Sentenced to 21 Months in Prison
The US SEC has confirmed Josh Garza’s GAW Miners was a “ponzi scheme” after handing down a find of $12 million.
GAW Miners Creator Josh Garza Fined $12 mln For “Ponzi Scheme”
US Securities and Exchange Commission (SEC), the Internal Revenue Service, FinCEN, Department of Homeland Security, and other government agencies have officiall...
Cryptsy: ‘We Have Never Been Investigated for Anything’
The first Bitcoin block in support of Bitcoin XT has been mined by Slush Pool; the bitcoin price has plunged over 13% and more top stories for August 19.
AUG 19 DIGEST: First Bitcoin Block in Support of Bitcoin XT Mined; BTC Price Plunges Over 13% to 2-Month Low
A recent Visa report indicates that the major international credit card firm is planning to research blockchain; LocalBitcoins and BitQuick are withdrawing thei...
AUG 12 DIGEST: Visa to Start Blockchain Research; LocalBitcoins & BitQuick Join NY Exodus
The Bitcoin news website Bitcoinist LTD has signed a private long-term lease agreement for the “million-dollar domain” BTC.com.
Bitcoinist.net Launches Garza-Owned BTC.com, Plans to Create ‘Industry Portal’
New Jersey has clarified the position of merchants accepting bitcoin as payment; mobile operator Orange is searching out digital currency start-ups in Silicon V...
APR 10 DIGEST: New Jersey Set to Tax Bitcoin, Mobile Giant Orange Investing in Digital Currency