[2015-12-04] Bitcoin.com: SEC Indicts GAW Miners CEO for ‘Hashlet’ Ponzi

[LiteCoinGuy]

SEC Officially Indicts GAW Miners CEO for ‘Hashlet’ Ponzi Scheme

WASHINGTON D.C. — Homero Joshua Garza was brought up on civil charges for the alleged operation of a “Ponzi Scheme” by the U.S. Securities and Exchange Commission (SEC). Garza and associated companies GAW Miners and ZenMiner, are being tried in court for selling $20 million USD worth of a cloud mined product called “hashlets.” The SEC alleges that Garza initiated conspired fraud with these “hash-shares” and was also involved with a series of other plotted events.

https://news.bitcoin.com/sec-officially-indicts-gaw-miners-ceo-hashlet-ponzi-scheme/

[Zulucia]

People lose money due to those Ponzi schemes. The reputation of bitcoin is also ruined. It is good those scammers are indited.