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Author Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :)  (Read 3327539 times)
KC6TTR
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June 26, 2017, 04:36:47 PM
 #47921

Well, for better or worse, hopefully this error to the global gene pool will finally receive a portion of the justice due to him. It has been almost 3 years since I first called Garza both out in public and although I honestly lost serious interest in this ongoing nightmare almost 2 years ago, it is what it is. Life is too short and BTC is now too valuable to only reflect on "what could have been" if various SCAM's like those of GAW, BCS, Crypsty, and numerous others didn't waste away our (virtual) fortunes, but you live and you learn.

Moving forward, this dragged out process should only keep all those concerned focused on calling out and making sure the latest wave of "questionable" ventures are kept in-check and not allowed to repeat the infestation of the industry many allowed GAW/Garza to do. Specifically, Marco Streng of Genesis Mining should be watched like a hawk as his scheme appears to reaching an unsustainable peak. Take this advisory from someone who he and his minion basically scammed in 2014 to further grow his small (at the time) outfit and to this day owes thou$ands in never-sent payouts.

With all this said, Happy Monday All! I may not be around much anymore, but I am still "reading the mail".

Scott-
(If you don't remember me, read the first few hundred pages of this and related threads - circa 2014/2015)  Tongue
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June 28, 2017, 02:57:53 AM
 #47922

Garbanzo has really made a name for himself:

TODAY'S Crowdfund Insider

https://www.crowdfundinsider.com/2017/06/111928-lawfirm-calls-bancor-ico-interesting-cautions-investors-participating-icos/

Quote
Crowdfund Insider: What types of fraud have you seen in the ICO market?

Sauter & McGill:  The GAW Miners case is an obvious example of what can go wrong when new tokens are used to hide a flawed business model [the SEC ordered $10,384,099 in disgorgement and prejudgment interest and each entity was required to pay a civil penalty of $1,000,000. Both GAW Miners and ZenMiner have ceased their former business operations].

That’s an extreme case, but it shows what SEC and private litigation can look like when things go wrong. If ICOs are ultimately deemed subject to the securities laws, the fraud cases of the future will hinge on whether regulators and private plaintiffs are able to portray disclosures made in connection with ICOs as involving material misrepresentations or omissions.

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June 30, 2017, 12:59:10 AM
 #47923

Garbanzo has really made a name for himself:

TODAY'S Crowdfund Insider

https://www.crowdfundinsider.com/2017/06/111928-lawfirm-calls-bancor-ico-interesting-cautions-investors-participating-icos/

Quote
Crowdfund Insider: What types of fraud have you seen in the ICO market?

Sauter & McGill:  The GAW Miners case is an obvious example of what can go wrong when new tokens are used to hide a flawed business model [the SEC ordered $10,384,099 in disgorgement and prejudgment interest and each entity was required to pay a civil penalty of $1,000,000. Both GAW Miners and ZenMiner have ceased their former business operations].

That’s an extreme case, but it shows what SEC and private litigation can look like when things go wrong. If ICOs are ultimately deemed subject to the securities laws, the fraud cases of the future will hinge on whether regulators and private plaintiffs are able to portray disclosures made in connection with ICOs as involving material misrepresentations or omissions.



would be nice for them to include how much of that 12 million that was ordered to be paid was actually paid
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June 30, 2017, 04:07:49 AM
 #47924


would be nice for them to include how much of that 12 million that was ordered to be paid was actually paid


The SEC's civil order for $12M+ was recent and only against the 2 defunct orgs. -- GAWMiners & ZenMiners, so safe to say "$0" ....forever.

Judgement against Homero himself will be more salient.

Countdown to Federal Criminal Plea for WIRE FRAUD, 3 weeks.  Grin

Coming soon®!
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June 30, 2017, 04:17:58 AM
 #47925

Garbanzo has really made a name for himself:

TODAY'S Crowdfund Insider

https://www.crowdfundinsider.com/2017/06/111928-lawfirm-calls-bancor-ico-interesting-cautions-investors-participating-icos/

Quote
Crowdfund Insider: What types of fraud have you seen in the ICO market?

Sauter & McGill:  The GAW Miners case is an obvious example of what can go wrong when new tokens are used to hide a flawed business model [the SEC ordered $10,384,099 in disgorgement and prejudgment interest and each entity was required to pay a civil penalty of $1,000,000. Both GAW Miners and ZenMiner have ceased their former business operations].

That’s an extreme case, but it shows what SEC and private litigation can look like when things go wrong. If ICOs are ultimately deemed subject to the securities laws, the fraud cases of the future will hinge on whether regulators and private plaintiffs are able to portray disclosures made in connection with ICOs as involving material misrepresentations or omissions.



would be nice for them to include how much of that 12 million that was ordered to be paid was actually paid
I spoke to one of SEC attorneys a while back and she said there was $0.  I didn't get into specifics but I assume she meant that GAW and Zenminers had $0.  I honestly don't know how it is possible that Homero has $0.  He did hire a fairly expensive attorney afterall.

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June 30, 2017, 05:30:58 AM
 #47926

Garbanzo has really made a name for himself:

TODAY'S Crowdfund Insider

https://www.crowdfundinsider.com/2017/06/111928-lawfirm-calls-bancor-ico-interesting-cautions-investors-participating-icos/

Quote
Crowdfund Insider: What types of fraud have you seen in the ICO market?

Sauter & McGill:  The GAW Miners case is an obvious example of what can go wrong when new tokens are used to hide a flawed business model [the SEC ordered $10,384,099 in disgorgement and prejudgment interest and each entity was required to pay a civil penalty of $1,000,000. Both GAW Miners and ZenMiner have ceased their former business operations].

That’s an extreme case, but it shows what SEC and private litigation can look like when things go wrong. If ICOs are ultimately deemed subject to the securities laws, the fraud cases of the future will hinge on whether regulators and private plaintiffs are able to portray disclosures made in connection with ICOs as involving material misrepresentations or omissions.



would be nice for them to include how much of that 12 million that was ordered to be paid was actually paid
I spoke to one of SEC attorneys a while back and she said there was $0.  I didn't get into specifics but I assume she meant that GAW and Zenminers had $0.  I honestly don't know how it is possible that Homero has $0.  He did hire a fairly expensive attorney afterall.

I know it was 0, that article should mention it. It's a lot easier to just not give your money to a scumbag than to give it to one and hope that someone will get it back for them
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June 30, 2017, 10:10:52 PM
 #47927


Got to agree.  I see more energy spent on BCT trying to recoup losses, when good old fashioned work or better planning in the first place would get them so much further. 
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July 10, 2017, 11:01:15 PM
 #47928

Update on court...looks like there will be a new inmate soon.

http://imgur.com/LV4amss

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what is this "brake pedal" you speak of?


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July 10, 2017, 11:05:41 PM
 #47929

heh

wonder if its allowed to mail bars of soap carved into hashlet shapes to him in prison.
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July 11, 2017, 02:42:35 AM
 #47930

Update on court...looks like there will be a new inmate soon.

http://imgur.com/LV4amss

Party Time!



     

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https://bpip.org


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July 11, 2017, 06:21:58 AM
 #47931

Update on court...looks like there will be a new inmate soon.

http://imgur.com/LV4amss


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July 11, 2017, 10:17:07 AM
 #47932

Very encouraging letter that from Pierpont. Discussing the terms of Homero's pleas and the sentencing process. Sounds like a certainty. Been half expecting some bullshit to torpedo the whole thing. But to put that wording in black and white like that, seems to be proceeding according to plan.  Need to see him cuffs before believing any of it.

Nice legal article about shithead. One things for sure he's very famous now and for all the wrong reasons.  Cheesy

http://www.ctlawtribune.com/id=1202790650108/Virtual-Currency-Miners-Ordered-to-Pay-124-Million?mcode=0&curindex=0

Kind of feel bad for granny. First she loses the one grandson, the her beloved doggy dies and immediately after that, her daughter dies, and now her other grandson going in for free diameter enlarging surgery for who knows how long. For all the bullshit Biblical Babble one has to wonder what the fuck they have done in the past to deserve all of this. RIP pooch!  Cry

Meanwhile on the Uncle Stu front, cannot understand the silence. Last communication with the prosecutor, she swore there is no connection with the cases i.e. zero influence going on. The on re-reading the very last court entry this stands out to me:

Quote
Especially in light of the concerns raised by Frow , the Plaintiffs are not required to renew these motions promptly and may, if they choose, wait to do so until after the Court rules on the pending motion to dismiss (which would obviate the need to address the stay issue) and/or after the Court enters any judgment with respect to Defendant Fraser

Pretty much an invitation to take your sweet fucking time is how I read it And that seems to be exactly where we are with that case.

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July 11, 2017, 01:43:06 PM
 #47933

Very encouraging letter that from Pierpont. Discussing the terms of Homero's pleas and the sentencing process. Sounds like a certainty. Been half expecting some bullshit to torpedo the whole thing. But to put that wording in black and white like that, seems to be proceeding according to plan.  Need to see him cuffs before believing any of it.

Nice legal article about shithead. One things for sure he's very famous now and for all the wrong reasons.  Cheesy

http://www.ctlawtribune.com/id=1202790650108/Virtual-Currency-Miners-Ordered-to-Pay-124-Million?mcode=0&curindex=0

Kind of feel bad for granny. First she loses the one grandson, the her beloved doggy dies and immediately after that, her daughter dies, and now her other grandson going in for free diameter enlarging surgery for who knows how long. For all the bullshit Biblical Babble one has to wonder what the fuck they have done in the past to deserve all of this. RIP pooch!  Cry

Meanwhile on the Uncle Stu front, cannot understand the silence. Last communication with the prosecutor, she swore there is no connection with the cases i.e. zero influence going on. The on re-reading the very last court entry this stands out to me:

Quote
Especially in light of the concerns raised by Frow , the Plaintiffs are not required to renew these motions promptly and may, if they choose, wait to do so until after the Court rules on the pending motion to dismiss (which would obviate the need to address the stay issue) and/or after the Court enters any judgment with respect to Defendant Fraser

Pretty much an invitation to take your sweet fucking time is how I read it And that seems to be exactly where we are with that case.



Here's a better link that doesn't have a paywall: http://www.legaltechnews.com/id=1202790650108/Virtual-Currency-Miners-Ordered-to-Pay-124-Million?mcode=1202615402746&curindex=0&slreturn=20170611093841
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lose: unfind ... loose: untight


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July 11, 2017, 02:27:00 PM
 #47934

going in for free diameter enlarging surgery

chuckle-worthy

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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July 11, 2017, 04:12:57 PM
 #47935

Very encouraging letter that from Pierpont. Discussing the terms of Homero's pleas and the sentencing process. Sounds like a certainty. Been half expecting some bullshit to torpedo the whole thing. But to put that wording in black and white like that, seems to be proceeding according to plan.  Need to see him cuffs before believing any of it.

Nice legal article about shithead. One things for sure he's very famous now and for all the wrong reasons.  Cheesy

http://www.ctlawtribune.com/id=1202790650108/Virtual-Currency-Miners-Ordered-to-Pay-124-Million?mcode=0&curindex=0

Kind of feel bad for granny. First she loses the one grandson, the her beloved doggy dies and immediately after that, her daughter dies, and now her other grandson going in for free diameter enlarging surgery for who knows how long. For all the bullshit Biblical Babble one has to wonder what the fuck they have done in the past to deserve all of this. RIP pooch!  Cry

Meanwhile on the Uncle Stu front, cannot understand the silence. Last communication with the prosecutor, she swore there is no connection with the cases i.e. zero influence going on. The on re-reading the very last court entry this stands out to me:

Quote
Especially in light of the concerns raised by Frow , the Plaintiffs are not required to renew these motions promptly and may, if they choose, wait to do so until after the Court rules on the pending motion to dismiss (which would obviate the need to address the stay issue) and/or after the Court enters any judgment with respect to Defendant Fraser

Pretty much an invitation to take your sweet fucking time is how I read it And that seems to be exactly where we are with that case.



Big Money & Wall Street can buy a lot of legal maneuvering.
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July 11, 2017, 04:15:38 PM
 #47936

Very encouraging letter that from Pierpont. Discussing the terms of Homero's pleas and the sentencing process. Sounds like a certainty. Been half expecting some bullshit to torpedo the whole thing. But to put that wording in black and white like that, seems to be proceeding according to plan.  Need to see him cuffs before believing any of it.

Nice legal article about shithead. One things for sure he's very famous now and for all the wrong reasons.  Cheesy

http://www.ctlawtribune.com/id=1202790650108/Virtual-Currency-Miners-Ordered-to-Pay-124-Million?mcode=0&curindex=0

Kind of feel bad for granny. First she loses the one grandson, the her beloved doggy dies and immediately after that, her daughter dies, and now her other grandson going in for free diameter enlarging surgery for who knows how long. For all the bullshit Biblical Babble one has to wonder what the fuck they have done in the past to deserve all of this. RIP pooch!  Cry

Meanwhile on the Uncle Stu front, cannot understand the silence. Last communication with the prosecutor, she swore there is no connection with the cases i.e. zero influence going on. The on re-reading the very last court entry this stands out to me:

Quote
Especially in light of the concerns raised by Frow , the Plaintiffs are not required to renew these motions promptly and may, if they choose, wait to do so until after the Court rules on the pending motion to dismiss (which would obviate the need to address the stay issue) and/or after the Court enters any judgment with respect to Defendant Fraser

Pretty much an invitation to take your sweet fucking time is how I read it And that seems to be exactly where we are with that case.



Here's a better link that doesn't have a paywall: http://www.legaltechnews.com/id=1202790650108/Virtual-Currency-Miners-Ordered-to-Pay-124-Million?mcode=1202615402746&curindex=0&slreturn=20170611093841

Quote
June 20, 2017   

A Ponzi scheme involving online currency has come to a crashing halt
 

Yeah -- A YEAR AGO. Nice "breaking news"   Roll Eyes Roll Eyes Roll Eyes
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July 14, 2017, 02:50:43 PM
 #47937

Good to see something come out of this.  I was in this thread years ago yelling it was a scam from the beginning.
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July 14, 2017, 09:09:29 PM
 #47938

Good to see something come out of this.  I was in this thread years ago yelling it was a scam from the beginning.


Welcome back!  Good timing:  Homero pleads guilty in Federal Court to Wire Fraud in T-minus SIX DAYS!

July 20.

A day that shall live in Crypto infamy.
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July 14, 2017, 09:18:56 PM
 #47939

Any revelations from the conference call?  I didn't have time to listen.

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July 14, 2017, 10:10:08 PM
 #47940

Good to see something come out of this.  I was in this thread years ago yelling it was a scam from the beginning.


Welcome back!  Good timing:  Homero pleads guilty in Federal Court to Wire Fraud in T-minus SIX DAYS!

July 20.

A day that shall live in Crypto infamy.


"Relax! Your next meal will be here any day now.
You're gonna like this one. Rumor has it he's a real ball-cupper."
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