"Known scammer Josh Garza of GAWMiners launched a Bitcoin exchange - Mineral"

[LiteCoinGuy]

PSA - Known scammer Josh Garza of GAWMiners just launched a new Bitcoin exchange called Mineral as his latest scam. Keep away if you don't want your BTC stolen. called Mineral as his latest scam. Not a late April Fool's Joke. Keep away if you don't want your BTC stolen.

http://de.reddit.com/r/Bitcoin/comments/316g8r/psa_known_scammer_josh_garza_of_gawminers_just/

https://i.imgur.com/qXpeDgq.jpg

https://hashtalk.org/topic/35570/paybase-vs-mineral


we dont need more victims. please stay away.


history:

https://bitcointalk.org/index.php?topic=875487.0

[1715024941]

1715024941

[Lauda]

I wonder how long is this going to go on? These scammers are just everywhere and almost nobody is getting in trouble because of it.
Has anyone tried suing this guy or something? We can't let them go on scamming people via different services!

Thanks for the heads up.

[inBitweTrust]

Agreed , this appears to be a maneuver to remove his involvement with past fraud.

More background - https://bitcointalk.org/index.php?topic=900970.0

Josh and Gaw claim not to own or be directly involved in Mineral but there is no clear indication who the operators are which is very suspicious indeed.

This appear Toxic and the community is forewarned.

Has anyone tried suing this guy or something? We can't let them go on scamming people via different services!

Multiple journalists have indicated there are many investigations occurring with multiple departments and there will me lawsuits brought forth as well. Even using these sites and exchanges opens you up to possible investigation from departments issuing search warrants.

Its finally happening. The wheels of justice move slowly but the day of reckoning is upon Josh and GAW.

Original SEC Subpoena:
https://archive.today/qKW22


PayCoin Foundation, led by Mr. Adam Matlack, is now under a multi-agency investigation due to connections to Mr. Homero Joshua Garza. Civil and criminal proceedings are advancing and all paycoin investors will be scrutinized by multiple agencies including the IRS.

http://coinfire.io/2015/03/25/paycoin-foundation-adam-matlack-under-us-investigation/

Search and Seizure warrant directed at GAW, Paycoin, and Josh:

[Speedster1978]

Based in Hong Kong too, the same location as Mt Gox.... yeah let's trust our money there...

Curious, if this is in any way involved with Josh, I bet the SEC would love to hear a US citizen is basing things out of a foreign country, to avoid US laws...

[Minerjoe]

He just starts this junk websites one after another and people follow him. Really do not understand what s the catch.

[cakir]

Mineral's design looks like cex.io.
BTW what did Garza do with coin-swap.net? They acquired coin-swap back then when XPY scam first hit on it and gained so much attention.

[Minerjoe]

Mineral's design looks like cex.io.
BTW what did Garza do with coin-swap.net? They acquired coin-swap back then when XPY scam first hit on it and gained so much attention.

What s he gonna do with BTC.com is my main question.

[sobitcoin]

Mineral's design looks like cex.io.
BTW what did Garza do with coin-swap.net? They acquired coin-swap back then when XPY scam first hit on it and gained so much attention.

What s he gonna do with BTC.com is my main question.

He literally bought it to get attention.  Fuck BTC.com, let him waste his money. This guy just needs to dissapear from the world of Bitcoin so annoying.

[manselr]

He just starts this junk websites one after another and people follow him. Really do not understand what s the catch.

Lol they just keep recycling their shit they have literally no shame,and it must be working for them because they keep getting people scammed....

[MF Doom]

He just starts this junk websites one after another and people follow him. Really do not understand what s the catch.

people like this guy are bringing btc down.  the community as a whole needs to realize this, and stay VERY far away.  And if you are scammed report it, file charges if you can.  Seems like scammers never have to face punishment, and it draws them near.  You dont have to look very far on this forum to find examples of that...

[dothebeats]

Agreed , this appears to be a maneuver to remove his involvement with past fraud.

More background - https://bitcointalk.org/index.php?topic=900970.0

Josh and Gaw claim not to own or be directly involved in Mineral but there is no clear indication who the operators are which is very suspicious indeed.

This appear Toxic and the community is forewarned.

Has anyone tried suing this guy or something? We can't let them go on scamming people via different services!

Multiple journalists have indicated there are many investigations occurring with multiple departments and there will me lawsuits brought forth as well. Even using these sites and exchanges opens you up to possible investigation from departments issuing search warrants.

Its finally happening. The wheels of justice move slowly but the day of reckoning is upon Josh and GAW.

Original SEC Subpoena:
https://archive.today/qKW22


PayCoin Foundation, led by Mr. Adam Matlack, is now under a multi-agency investigation due to connections to Mr. Homero Joshua Garza. Civil and criminal proceedings are advancing and all paycoin investors will be scrutinized by multiple agencies including the IRS.

http://coinfire.io/2015/03/25/paycoin-foundation-adam-matlack-under-us-investigation/

Search and Seizure warrant directed at GAW, Paycoin, and Josh:

Well at last, justice should be served. Pity to those who lost their money in the GAW, paycoin scam. Seriously, though, this dude really got the balls to perform yet another scam. He should go behind bars, and never partake in any bitcoin-related activities ever again.

[Hazir]

Agreed , this appears to be a maneuver to remove his involvement with past fraud.

More background - https://bitcointalk.org/index.php?topic=900970.0

Josh and Gaw claim not to own or be directly involved in Mineral but there is no clear indication who the operators are which is very suspicious indeed.

This appear Toxic and the community is forewarned.

Has anyone tried suing this guy or something? We can't let them go on scamming people via different services!

Multiple journalists have indicated there are many investigations occurring with multiple departments and there will me lawsuits brought forth as well. Even using these sites and exchanges opens you up to possible investigation from departments issuing search warrants.

Its finally happening. The wheels of justice move slowly but the day of reckoning is upon Josh and GAW.

Original SEC Subpoena:
https://archive.today/qKW22


PayCoin Foundation, led by Mr. Adam Matlack, is now under a multi-agency investigation due to connections to Mr. Homero Joshua Garza. Civil and criminal proceedings are advancing and all paycoin investors will be scrutinized by multiple agencies including the IRS.

http://coinfire.io/2015/03/25/paycoin-foundation-adam-matlack-under-us-investigation/

Search and Seizure warrant directed at GAW, Paycoin, and Josh:

Well at last, justice should be served. Pity to those who lost their money in the GAW, paycoin scam. Seriously, though, this dude really got the balls to perform yet another scam. He should go behind bars, and never partake in any bitcoin-related activities ever again.

I am surprised that you call paycoin scam, it is just another alt coin really. Everyone knew from the start that this coin is GAW's last resort, created after they were failing at Cloud mining/hashlet services and something to stay away from. Most of the alt coins follow exactly the same scheme, they are a scams too?

[dothebeats]

Agreed , this appears to be a maneuver to remove his involvement with past fraud.

More background - https://bitcointalk.org/index.php?topic=900970.0

Josh and Gaw claim not to own or be directly involved in Mineral but there is no clear indication who the operators are which is very suspicious indeed.

This appear Toxic and the community is forewarned.

Has anyone tried suing this guy or something? We can't let them go on scamming people via different services!

Multiple journalists have indicated there are many investigations occurring with multiple departments and there will me lawsuits brought forth as well. Even using these sites and exchanges opens you up to possible investigation from departments issuing search warrants.

Its finally happening. The wheels of justice move slowly but the day of reckoning is upon Josh and GAW.

Original SEC Subpoena:
https://archive.today/qKW22


PayCoin Foundation, led by Mr. Adam Matlack, is now under a multi-agency investigation due to connections to Mr. Homero Joshua Garza. Civil and criminal proceedings are advancing and all paycoin investors will be scrutinized by multiple agencies including the IRS.

http://coinfire.io/2015/03/25/paycoin-foundation-adam-matlack-under-us-investigation/

Search and Seizure warrant directed at GAW, Paycoin, and Josh:

Well at last, justice should be served. Pity to those who lost their money in the GAW, paycoin scam. Seriously, though, this dude really got the balls to perform yet another scam. He should go behind bars, and never partake in any bitcoin-related activities ever again.

I am surprised that you call paycoin scam, it is just another alt coin really. Everyone knew from the start that this coin is GAW's last resort, created after they were failing at Cloud mining/hashlet services and something to stay away from. Most of the alt coins follow exactly the same scheme, they are a scams too?

One way or another, the altcoin will also turn into an outright scam. Most altcoins tend to end up as "scam coins," as some people would refer it. Whether or not, people should stay away from those services and coin. Just don't.

As for the highlighted text, I didn't say that all altcoins are scam. It's just that Paycoin came from a scammer so I came to a conclusion that it is or it will be a scam too.

[inBitweTrust]

I am surprised that you call paycoin scam, it is just another alt coin really. Everyone knew from the start that this coin is GAW's last resort, created after they were failing at Cloud mining/hashlet services and something to stay away from. Most of the alt coins follow exactly the same scheme, they are a scams too?

Indeed there are many altcoin scams, but not all of them are so preposterous in their claims and lies as Paycoin 2 was. Additionally, there is a difference in the scope , and coverup of this scam.

This doesn't mean we shouldn't be careful and scrutinize other alts as well. Everything should be viewed critically, especially bitcoin and bitcoin businesses.

This being said there are also many alts that aren't scams and are interesting and innovative(whether they will survive or not is a whole other conversation). You have to judge each coin or project on a case by case basis.

[Hazir]

I am surprised that you call paycoin scam, it is just another alt coin really. Everyone knew from the start that this coin is GAW's last resort, created after they were failing at Cloud mining/hashlet services and something to stay away from. Most of the alt coins follow exactly the same scheme, they are a scams too?

Indeed there are many altcoin scams, but not all of them are so preposterous in their claims and lies as Paycoin 2 was. Additionally, there is a difference in the scope , and coverup of this scam.

This doesn't mean we shouldn't be careful and scrutinize other alts as well. Everything should be viewed critically, especially bitcoin and bitcoin businesses.

This being said there are also many alts that aren't scams and are interesting and innovative(whether they will survive or not is a whole other conversation). You have to judge each coin or project on a case by case basis.

From what I could see the problem with GAW's coin was only the amount or empty promises they spread about PayCoin. They said that it will be the most successful coin ever, that Walmart will be accepting PayCoin and GAW signed contract with many retailers, banks and institutions to promote Paycoin. It turn out to be a huge fat lie. And that is the scam part. Some people believed that paycoin will be better than bitcoin and that is their own fault.

[ahmedjamal1998]

I've never heard of that guy called "Josh Garza"  , but it's good to inform us about these scams

THNX   

[amiryaqot]

I've never heard of that guy called "Josh Garza"  , but it's good to inform us about these scams

THNX   

i think you are lucky person and never invest in scam paycoin XPY that is why you heard that name for first time,
that thread very informative about that scam guy.

[LiteCoinGuy]

edit:

However, through our review we wanted to also share to those that don't know - Mineral is using the former Coin-Swap exchange code base - basically, Mineral is a clone of sorts, a re-branding of Coin-Swap to benefit Garza (obviously).

Coin-Swap saw some success as a coin-to-coin exchange, but was recently acquired by Garza, which is now getting turned into Mineral. To further confirm this, we found this post (archived) by Garza where he clearly states that GAW is utelizing Coin-Swap base code to power Mineral.

Given GAW/Garza's past issues, this may end up being another dramatic endeavor for the cryptospace. As an alternative that is an established coin-to-coin only exchange, I would suggest a service like Shapeshift.io.

http://de.reddit.com/r/Bitcoin/comments/31902o/just_a_quick_update_on_mineral_garzapaycoin/

[dhimasnk]

Really people are greedy, what he did not understand how the loss of the bitcoiners on previous fraud? He should be immediately arrested and jailed.

[crazyivan]

Really people are greedy, what he did not understand how the loss of the bitcoiners on previous fraud? He should be immediately arrested and jailed.

That s what I am surprised about. How is it possible he s not being persecuted yet. He s in the US after all and he promised people so many things he never deliver.