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Author Topic: [2015-12-04] Bitcoin.com: SEC Indicts GAW Miners CEO for ‘Hashlet’ Ponzi  (Read 277 times)
LiteCoinGuy (OP)
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December 04, 2015, 04:27:19 PM
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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/

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December 04, 2015, 08:14:01 PM
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People lose money due to those Ponzi schemes. The reputation of bitcoin is also ruined. It is good those scammers are indited.
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