GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :)

[kken01]

nope. you need btc for trade fees  

great plan. why take their own premined shitcoin which is plumeting in price even tho its not on any exchange

[cryptofunk]

You're having a bit-lend of me aren't you they don't take their own coin in trade fees?

Learned that from GAW, they wouldn't take their own currency either except for an hour selling gift cards.

[Phildo]

You're having a bit-lend of me aren't you they don't take their own coin in trade fees?

Learned that from GAW, they wouldn't take their own currency either except for an hour selling gift cards.

Stop fudding. They took some from like 3 people for coinstand (and then dumped about a zillion coins to actually pay for the shit).

[Paul Revere]

Is this the correct and complete lineup of the principals involved with Bitlend?

D. Allen Shinners
Joe Mordica
Adam Matlack
Michael J. Koerner
Jason Sponaugle
Richard Nelson
Eric Kraus

ALL of these people were/are deeply involved in GAW and/or Paycoin.

Since the pack of really standup guys running Bitlend refuse to answer even the most basic of questions about the Bitlend operation, I have sifted through the various statements made by the admitted principals- some of which have since been removed or edited, to try to ascertain the complete ownership of this completely legitimate and trustworthy lending institution. Please respond and verify that these people are all involved in Bitlend, and also please indicate any others, including paid shills and such.

While you are at it, can you please answer the question about the supposed Dubai business incorporation for Bitlend? Is it a UAE/Dubai registered business or not? Why on earth are you refusing to answer even the most basic questions about Bitlend? If the UAE/Dubai registration is legitimate and not a flat out lie, then who are the UAE national(s) who have the 51% minimum ownership of Bitlend that is required for that to be legitimate?

Expect this list of valid and basic questions about Bitlend to grow and be asked repeatedly until they are answered. If anyone is aware of any information that I have missed or an incorrect conclusion I have made about the above, please post here with any information you have.

This question goes out to everyone, but the Bitlend Operation Team in particular, of course: Assuming the Dubai registration is valid, and at this time that is a big if, Bitlend appears to be perhaps barely in compliance with various anti-fraud and anti-predatory lending laws of the United States of America and it's constituent States , skirting regulation of some due to operating with Bitcoin instead of USD, and perhaps also by "registering" (maybe) the Bitlend operation in Dubai. To my knowledge ALL of the principals in Bitlend are United States Citizens who currently reside in the United States. If all of Bitlend's acting principals are residing in and performing the functions of this "company" (no proof of actual legal incorporation has been provided yet) within the United States of America, are they then not required to adhere to US laws?

Another thing occurred to me yesterday, which I am unsure about. Bitlend appears to be operating in a "legal gray area" due to the loans being made in BTC. (What about WY and NY??) However, the ultimate liability of the borrower and protection for the lender rests in collection agencies. These collection agencies will seek remedy not in BTC, but in United States Dollars. If the ultimate liability of these loans rests in USD, does that make Bitlend subject to the financial, anti-fraud, and anti-predatory lending laws (especially CO's APLLs) that they are trying to skirt? This is a very serious question that needs to be addressed. Bitlend? Are you going to answer? Any legal or financial professional's here on BCT care to give their opinion on this?

[Paul Revere]

Two things I would like to bring up regarding the GAWsuit, Allen Shinners, Joe Mordica, and Adam Matlack.

First: It has recently been revealed (in spite of Adam and Allen trying to hide this) that two of the three leaders of the "GAWsuit", D. Allen Shinners and Adam Matlack, have been in business with one of the principals involved in the GAW/Paycoin frauds , Joe Mordica. Allen claims that this is fine because Joe Mordica has not been convicted of anything, and also that Joe Mordica is the star witness in the GAWsuit. After all, he actually implemented the fraud schemes from a technical aspect, so he knows exactly what was going on and can finger Josh Garza, right? Problem: Joe Mordica being in business with GAWsuit primary litigants D. Allen Shinners AND Adam Matack makes it simple for the GAW/Garza defense to invalidate or at minimum create doubt about Joe's testimony. Because Joe is in business with BOTH Allen and Adam, it can easily be argued that he has a financial interest in seeing them win the lawsuit, therefore Joe might say or do anything to help them. Likely result: The value of the litigants' star witness has been destroyed and GAWSUIT FAILS! How convenient. Is this intentional? There are 475+ people who need to be taking a long HARD look at what is going on here. If this is not intentional, then it is pure stupidity. Same result for the GAWsuit litigants- likely FAILURE and loss of funds to finance the GAWsuit!!! Wake the fuck up! Question EVERYTHING!

Second: Allen insists that he "knows where Garza has funds located", and that the duo who have already successfully sued GAW/Garza and WON are not going to collect, because they do not know where Garza's money is. He also clearly states repeatedly that he will NOT share ANY information he has to help these two fraud victims  collect on their judgement against GAW/Garza. WTF? Seriously? Great idea, Allen, you are a swell guy, way to "help" the victims of the GAW/Paycoin fraud schemes.  I would argue that the only person you are helping is Homero Joshua Garza. So, instead of organizing the GAWsuit in CT, where one successful lawsuit against GAW  is on the record books, or any other place on earth, they are pursuing it from where? Texas, widely known as "The Deadbeat State", due to it's laws restricting the collection of judgements and asset seizure. WTF? Seriously? And I am the only person who is suspicious about this? Two former close associates of Garza conveniently direct the Lawsuit to a state where there is little to no chance of collecting a judgement IF the GAWsuit is somehow successful? Giant Red flag, folks. There needs to be 475 people asking Allen and Adam and Robert(the third primary in the GAWSuit) why they are doing this. NOW! Wake the fuck up! Ask hard questions and DEMAND answers!



GAWsuit sign up document:



Discuss and comment. Also: I am calling on some brave soul(s) to repeat or at minimum link to this post on the Paycoiner forums. Make sure to take screenshots, as the GAW/Paycoiner scumbags running those will wipe it very quickly. Good luck.

[RoomBot]

You're spot on!

They are playing an "away" game on Garbanzo's home turf.

They are throwing the game.

Shinners is more focused on exploiting others for profit than he is with getting any justice now.  Clearly.

He isn't even trying to pretend he's not.

I really feel sorry for the litigants --- burned AGAIN.

They need to reorganize & countersue.... get an injunction from a higher court --- before it's too late.

[Paul Revere]

You're spot on!

They are playing an "away" game on Garbanzo's home turf.

They are throwing the game.

Shinners is more focused on exploiting others for profit than he is with getting any justice now.  Clearly.

He isn't even trying to pretend he's not.

I really feel sorry for the litigants --- burned AGAIN.

They need to reorganize & countersue.... get an injunction from a higher court --- before it's too late.

Just to be clear, I am not accusing Allen or Adam of intentionally throwing the lawsuit. Everything I see simply looks suspicious as hell to me, so I tossed it out there for others to mull around. I can tell you for a fact that if I was one of the guys in the suit I would be looking into what the heck  is going on, and filtering out any of the excuses Allen is tossing out there. Pretty obvious, since I am doing that and I am not even someone that got conned by GAW. Being new to crypto, I mainly joined this forum to find out what the real deal was with the impending Paycoin launch that was plastered all over every miner type site. I was basicly told here " Well, what do you think? Is Garza selling $20 bills for $4? And I thought "Nope, I think the asshole is selling $0 bills for $4." I was lucky, Garza's target for his Paycoin fraud scam was people just like me, and that pissed me off enough that I became interested in seeing that scumbag and his cohorts at the very least get stopped.  

[truckinusa]

Ever heard the Latin Nulla Bona?  In English it could be translated as Brilliant Cock! lol!

[Phildo]

I know that common sense and the legal system don't always match up, I highly doubt that allen's "knowledge" of where the money is will put him higher up of the collections totem pole than the people ahead of him in line. Especially the electric company and the sec fines that are on the way.

I know it sucks, but I don't really see a good outcome in this. Paying a lawyer screams throwing good money after bad, especially when it's going to be so hard to collect.

[RoomBot]

The only upside I can see is that it might be easier to get Garbanzo into the court room if it's in TX.... otherwise, extremely suspicious, coupled with Shinner's dramatic change of alliances.

You can take the scammers out of GAW, but you can't take the GAW out of the scammers!

[PCComf]

It occurs to me that the primary reason to bring a lawsuit at this point would be to attempt to get a bigger share of what specific people lost than they would receive after the SEC is done with GAW. Similar to the Madoff compensation after the fact where the average compensation was closer to 1/3rd of losses. Imagine if you suspected the Ponzi prior to the SEC finishing its investigation and recovered your investment before everything came out in the open. If that's the goal, then dragging their feet on getting the lawsuit started is antithetical. They should be pushing this into court yesterday. I certainly wouldn't accuse anyone without absolute proof, and I have none, but the evidence suggests that this supposed lawsuit is not what it seems and is more likely a way to deflect and distract the people who were harmed and most upset about it while any remaining funds are stashed prior to the SEC ordering a confiscation of everything they can find. Lots of these people are young enough that they could potentially outlive their prison sentences and want to have some funds around when they are released. They aren't going to get 150 years like Madoff. It makes the situation make sense to me, but this is all supposition and hypothetical.

[Paul Revere]

The only upside I can see is that it might be easier to get Garbanzo into the court room if it's in TX.... otherwise, extremely suspicious, coupled with Shinner's dramatic change of alliances.

You can take the scammers out of GAW, but you can't take the GAW out of the scammers!

Ya, and Josh and Adam could carpool. Think of how much fuel and parking this would save. After yucking it up and reminiscing about old times when they were pals in high school (total enemies now  ), and then getting "serious" - rehearsing their parts a bit on the way in during morning traffic- they split up when they enter the court building, take their court faces and their places on the opposite sides of the courtroom, ready for battle. Ala the "Mornin Sam. Mornin Ralph" Wolf vs Sheepdog Looneytunes cartoons.  And Allen & Joe could carpool from the Ramada as well, seeing as they are such good friends, they might as well even share a suite  in H town. Think of the savings to the GAWsuiters of having them go party style and not waste litigant deposit funds by renting two separate rooms! And of course one rental car is all they will need with this arrangement, so long as they barhop back to the Ramada together after a long day of serving up some justice to one Homero Joshua Garza,  the fraudster. Add some hookers and blow and it would be like a regular Insurance Broker Convention or something.  



Not accusing here, just asking what to me should be on everyone involved in the GAWsuit's mind: What does a lot of really weird "coincidences" that don't make any sense and a $5,000,000- $20,000,000 possible judgement steered off of a cliff like a Wile E. Coyote plunge add up to?

[Paul Revere]

Was digging for the posts where Jason asked me to make him famous, and I saw this post of mine dated April 11:

Here we have a fucking imbecile who has the whole situation figured out. https://hashtalk.org/topic/36102/live-chat-with-prime-node-managers/150



A: Paycoin was designed to fail, while putting YOUR BTC/$ in Josh's pocket. It worked as designed!
B: TeamPaycoin was designed to deflect blame for A to someone other than Josh/GAW. In that it is working amazingly well. To me the jury is still out on whether this latest dispute about ownership of PCs is part of the ruse.
C:  Josh is an idiot child-man who likes to PLAY CEO with his child-man group of internet pals that he steals from. When it comes to the "Big Boy" running a company stuff he is a total and absolute fucking failure. The only skill he has is conning people.
D: I seriously doubt there is an actual competent coder in this whole group of assholes.

This list could go on and on.

At that very same time "somone" was "hacking"     the Team Paycoin Wallet of 247,000 XPY ( a lot of money back then), and the next day there was a massive dump on Cryptsy.

http://talk.paycoin.com/discussion/652/wallet-paycoin-com-security-breach-4-12-2015/p1
 

well this is all so secure! i want to put my money in!
why would Cryptsy help them?

247,000 coins...  yep, they fucked up.  Or succeeded a lot more like.

I never even saw a real attempt at trying to explain the "hack", they just brushed it aside and kept on keepin' on along that scammy river. But hey, now this bunch of either clowns or criminals - or clowny criminals I guess- take your pick, are a bunch of totally trustworthy brainiac master security specialists who are working for Allen in his auditing firm or for the new Bitlend operation. Literally. Think about it.

[Phildo]

It occurs to me that the primary reason to bring a lawsuit at this point would be to attempt to get a bigger share of what specific people lost than they would receive after the SEC is done with GAW. Similar to the Madoff compensation after the fact where the average compensation was closer to 1/3rd of losses. Imagine if you suspected the Ponzi prior to the SEC finishing its investigation and recovered your investment before everything came out in the open. If that's the goal, then dragging their feet on getting the lawsuit started is antithetical. They should be pushing this into court yesterday. I certainly wouldn't accuse anyone without absolute proof, and I have none, but the evidence suggests that this supposed lawsuit is not what it seems and is more likely a way to deflect and distract the people who were harmed and most upset about it while any remaining funds are stashed prior to the SEC ordering a confiscation of everything they can find. Lots of these people are young enough that they could potentially outlive their prison sentences and want to have some funds around when they are released. They aren't going to get 150 years like Madoff. It makes the situation make sense to me, but this is all supposition and hypothetical.

How will the lawsuit get people cash?

They didn't pay the electric bill from mr. "never been convicted" Joe Mordica, why would they pay the judgement from that lawsuit from his new business partners?

[bitpop]

isn't the point of the GAWsuit to get the poor sods to borrow money from bitlend to pay for the GAWsuit, taking more cash from scammed peoples and putting it into scammers hands

Of course, these guys love to get scammed and jump at every opportunity.

[PCComf]

How will the lawsuit get people cash?

They didn't pay the electric bill from mr. "never been convicted" Joe Mordica, why would they pay the judgement from that lawsuit from his new business partners?

Well I don't think they can because there is little to none left at this point, at least not easily traceable. Someone thinks they can or they wouldn't be piling on. I'm just saying that it is important to get your lawsuit and/or claim in early rather than drag your feet like they have been doing. There is not much of a chance either way, but it is significantly better the sooner you file. In other words, the current lawsuit makes no sense from lots of angles. Even if you took them at their word, the fact they are still dragging their feet just means that the one chance at being legitimate they had and doing good for anyone (getting any money at all) gets smaller the longer they wait, and at this point it is an exercise in futility. My point was that this strengthens the argument that the lawsuit is a facade. There's no logic in it even if you take them at their word.

They knew GAW was a scam before the electric bill judgment happened. They should have had this in court before that point.

About the only satisfaction anyone who was burned by this will get at this point is to see some people behind bars.

[suchmoon]

Saw this posted in another thread:

https://chain.btc.com/en

Copyright BITMAIN 2015. All Rights Reserved.

[seedtrue]

So a lot of the gaw bagholders switched to and promoted LTCGear. They got ripped off by that. So now I see in the Altcoin ANNs that there is a LTCGearcoin being released




SMH


So when will they launch a coin to "help those that were burned by LTCGearcoin"?

[jbreher]

So when will they launch a coin to "help those that were burned by LTCGearcoin"?

It's been around for years. It's called Bitcoin.

Oh - I get it - you were being facetious. You weren't referring to a coin that could actually help those who lost to the impending LTCGearCoin fraud, you were referring to the next fraud following that.

[Paul Revere]

Repeated from the Bitlend thread: I decided to look for the posts where Jason was whining about not getting any attention like the rest of the scumbags on Team Paycoin and the Paycoin Foundation were getting. Turns out it was on April 13. This time period (April 11-13) saw a lot of things happening all at once.

Ok guys i called you guys out on the video call last night. Why the hell have you not talked about me. I mean like 1 post and a few references. This is like total Crap. You guys are supposed to make me famous. And you are doing a shitty Job. Step it up Guys i want to see funny pics about me. And how when i was 12 Paul Revere Tried to get me into his car with candy. I mean these are things the community on here needs to know.

Jason, you need to take a chill pill. Whatever your or Team XPY's beef is with this forum or posters here you can only make it worse by doing shit like this.

This will all go away if and when you start doing what a serious coin development team is supposed to be doing, if there is such a thing. It may take a while to take Garza's stench out of it, and only if you don't start acting like Garza.

I'll make ya famous....

How am I doing, Jason? Are you feeling famous yet?

I made this post on April 11:

https://bitcointalk.org/index.php?topic=857670.msg11049268#msg11049268

OK, it's about some fellow named "Dick Tator" on Mineral who was burning up that forum and pissing off all the Paycoiners. If you read from that point forward to the 13th you see the following happen or come to light:

~ Homero announces in an obvious (to me) and over the top staged irc chat involving three people (Adam, Sciborg (Jeff?) and Josh), that mysteriously got released for some odd reason by one of them(FAKE leak), that "Paycoins and Prime Controllers were stolen by Paycoin Foundation (Adam Matlack & Co) the FBI and/or SEC is now "managing the GAW Prime Controllers and XPY".  Homero is obviously trying to engage in subterfuge and make everyone think that he and Adam are now arch enemies. I of course did not buy that bullshit one stinking bit, and I warned XPY bagholders that that the "hack" / split up of the GAW Gang was simply a ruse and that a huge dump was incoming.:

Maybe those idiot paycoin bag holders will finally get it?

Seems a few are doing the prudent thing and dumping off some XPY, but the ones on Hashtalk right now are a special kind of totally bullheaded fucking stupid. All convinced it is the fault of "TeamPaycoin" or whatever and not coming to grips with the fact that the whole enterprise is a big pack of crooks created and led by Josh that have seemingly now turned on each other.

Here we have a fucking imbecile who has the whole situation figured out. https://hashtalk.org/topic/36102/live-chat-with-prime-node-managers/150



A: Paycoin was designed to fail, while putting YOUR BTC/$ in Josh's pocket. It worked as designed!
B: TeamPaycoin was designed to deflect blame for A to someone other than Josh/GAW. In that it is working amazingly well. To me the jury is still out on whether this latest dispute about ownership of PCs is part of the ruse.
C:  Josh is an idiot child-man who likes to PLAY CEO with his child-man group of internet pals that he steals from. When it comes to the "Big Boy" running a company stuff he is a total and absolute fucking failure. The only skill he has is conning people.
D: I seriously doubt there is an actual competent coder in this whole group of assholes.

This list could go on and on.

Nailed those points, and now it is apparent that the deception list really did go on and on. Much deeper than I suspected with the obvious attempt at confusing people by splitting up the GAW Gang after the heist and pointing fingers at each other to create doubt about who the crooks were.
~ "Honest" Adam Matlack- Josh's BFF, Jason Sponaugle , Dr. Twat, and the Hillbilly put on a show.

Here's the link to last night's shitshow. If nothing else, tune in for the hillbilly moderator, who gets bonus points for calling Adam "Matlock". You can tell he *really* hates that.

https://www.youtube.com/watch?v=73R2YBXXxvY

~ I followed the "hacked" Paycoins from the first "hack" (~March 3) of Team Paycoin back to known wallets controlled by Garza/GAW since day 1, and shitloads more to exchanges.
~ The Paycoin Foundation "hack" happened.
~ The Garza's have a GTFO of town sale. "GoneToTexas" was chalked on the door.
~ The BadBitcoin lead attack on Mike Johnson was in full swing.

wow this makes no sense


also this dumbo doesnt realize that Mr. Ganza already tried legal means...for some reason he failed   and didnt even include CoinFire in the "hitlist of reporters"

badbitcoin, what a joke

ps: CoinFire is not there to protect your stupid investment. protect it your self... oops you cant because Mr. Gonzo has death grip on you

There. I fixed BadBitcorns post for him so it is a bit closer to reality.  

~ Threats and real attacks by the Paycoin Gang were in full swing. Threats were tossed around by psycho creeps in the Paycoin Cult everywhere, and Coinfire's Mike Johnson had just received the dead rabbits in the mail, and was being stalked and hardcore harassed- perhaps even the target of a murder for hire plot.
~ Paycoiners were giving Josh tips on how to better commit fraud so he and the Gang can rip them off more.
~ Hardcore Paycoiner chump ColdCoiner launched a true masterpiece app for Paycoin. Josh tried to hype it, but even the Paycoiners would not buy that bullshit.
~ The anal dildo pics were making the rounds- warning NSFW!

No our mrceo is the one on the left
https://i.vimeocdn.com/video/460259783_1280x720.jpg

That is a truly disgusting pic of Mrs. Garza posing with a huge dildo. Should mark that NSFW!  

~ And of course what now appears to be the biggest thing that happened in that short time frame. D. Allen Shinners announced the GAWsuit here on BCT with his one and only post on this forum on April 12. If you want to believe it is a coincidence that this was announced the day after the announcement of the fake split up of the GAW Gang, go right ahead.

I just completed an interview with Matt, I will post the full article and interview shortly on bitsofnews.net

Cool. Did you ask what he plans on doing with those Prime Controller's other than using them to print free XPY to dump onto pathetically ignorant bagholder victims of this scam, exactly the same as Josh was doing? Do they bake bread or churn butter or something in addition to the task they are designed for?

I heard people were filing a class action suit against gaw.    Does anyone have any further information about that?

Sorry, someone directed me here, although I am registered on this forum, it is rare I come here.  

Information on any possible lawsuit can be found here:  https://forum.gethashing.com/t/probing-a-lawsuit-against-gawminers-et-al/2626?u=allen1980s

At this stage it is getting interest from those who were customers of GAW/Zencloud/Paybase. There is an upcoming conference call with one of the law firms being chosen.

How is that "lawsuit" going, Allen? So far you have gotten 475+ GAW fraud victims to sign away their rights to sue, Gone into business with the star witness and several others involved in the Paycoin scam, thus likely invalidating testimony from star witness Honest Joe Mordica,  set up the suit in Texas, the deadbeat state where no one will ever collect a nickel, and nothing else 6 months later. Nothing fishy there at all.

There are way more events in that 3 day period, but I have some things to do right now, so I am going to cut this post off here. Have a read of those days and see what I mean. Epic.