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

[TheMage]

Hey guys long time no see, whats going on in this thread  .

Still waiting for Garza to debate with you get locked up 

Hahaha

I'm amazed thats its taking this long. When is his court date scheduled?

it's not, it's all on hold pending more charges I assume...  

Excellent! I'm more than happy to be a character witness if they ever ask

[1714795854]

1714795854

[1714795854]

1714795854

[RoomBot]

YAY  @TheMage

We need a Lack-of-Character Witness!

[truckinusa]

Hey guys long time no see, whats going on in this thread  .

Still waiting for Garza to debate with you get locked up  

Hahaha

I'm amazed thats its taking this long. When is his court date scheduled?

Did you ever see my post about the family friend of mine?  This could be 2-3 years or more.

https://bitcointalk.org/index.php?topic=857670.msg10993165;topicseen#msg10993165

[WaffleMaster]

Hey guys long time no see, whats going on in this thread  .

Still waiting for Garza to debate with you get locked up  

Hahaha

I'm amazed thats its taking this long. When is his court date scheduled?

Did you ever see my post about the family friend of mine?  This could be 2-3 years or more.

https://bitcointalk.org/index.php?topic=857670.msg10993165;topicseen#msg10993165

Always profitable, always online! Spend Paycoin at Amazon, Walmart and Target directly! I know I have screenshots of all of that stuff a year or 2 ago. It's hard to remember when this whole thing went down and I've been gone for a while so

[suchmoon]

PDF of the complaint:

http://docdro.id/oAFdRD8



Edited 2020-11-29 to fix a broken image

[owlcatz]

[truckinusa]

My favorite line #:

36. Garza and Fraser’s relationship went beyond an ordinary business relationship.
Garza expressed his gratitude at one point by giving Fraser a Tesla (an expensive car). Fraser and
Garza regularly went to one another’s homes, spent time with one another’s families and friends,
and engaged in social activities together. Garza and Fraser also regularly sent each other text
messages, often about social subjects and often including pictures of themselves

Pictures?  Nahh lol!

[suchmoon]

If this lawsuit actually goes forward there are some interesting possibilities. Will Fraser and Cantor Fitzgerald try to settle quickly, or will they blow untold millions on very expensive lawyers, or will they throw Garza under the bus. At the very least they should get some unflattering media attention. Sadly the 9/11 charity fraud doesn't seem to have made it into the complaint.

[Phildo]

"In reality, defendants sold far more Hashlets worth of computing power than they actually had in their computing centers."

Weird that the guy running those centers who was in best position to know this and/or point it out to help out the plaintiffs isn't one of the defendants.

[TheMage]

Hey guys long time no see, whats going on in this thread  .

Still waiting for Garza to debate with you get locked up  

Hahaha

I'm amazed thats its taking this long. When is his court date scheduled?

Did you ever see my post about the family friend of mine?  This could be 2-3 years or more.

https://bitcointalk.org/index.php?topic=857670.msg10993165;topicseen#msg10993165

Gotcha, yea I guess at the end of the day it might take a few years to finalize.

YAY  @TheMage

We need a Lack-of-Character Witness!

Miss you too 

[maildir]

PDF of the complaint:

http://docdro.id/oAFdRD8

Very nice. Very well written and covers every single sordid step of the way in full detail. Even managed to squeeze in "don't tell Elise" in it all 

Paints quite the picture of Uncle Stu and even neatly ropes in Cantor Fitz.. If and when this hits the media, ouch, I think he and Cantor Fitz. thought the SEC against only Homero was the end of it all and everything was well behind them all.

Things should get very interesting "soon",  things have been too quiet, selfish bastard Homero denying our entertainment with this 6 month stay.  I wonder if there is any connection between this and that?

[RoomBot]

BREAKING!!!    FROM ALLEN SHINNERS:


GAWsuit Update
Today the lawsuit has been filed
Hello Everyone.

This post is not coming directly from the law firms representing us. It is a personal informational announcement only.

Today marks the first major milestone of a long process we embarked upon over a year ago: The successful filing of a class action lawsuit by the law firms Susman and Godfrey L.L.P. and Izard Nobel L.L.P. The complaint was filed in the District Court of Connecticut today as case # 3:16-cv-00940.

If you have access to the electronic case filing system, you can find the filing here:

https://ecf.ctd.uscourts.gov/cgi-bin/DktRpt.pl?6295529302171-L_1_0-1

What will happen next?

The case has to be accepted and certified as a class action by the court. Once the case has been accepted and certified as a class action, then an initial discovery period will commence. As you all know, I have been gathering archival evidence since before March of 2015, prior to announcing that I was considering forming a lawsuit on April 17th, 2015. I will not go into details of what evidence we have, but it is quite extensive. I will add that GAW’s activities, through the various forums and websites, were probably the most and best chronicled in the Crypto Industry, through online archiving websites such as WayBackMachine, Archive.is and Bitcointalk. There are quite literally tens of thousands of “snapshots” of posts and such permanently archived.

To address some of the questions I am anticipating to be posed, I have included a basic Q&A below.

Question:  How long of a process will this be?

Answer:  There is no way to know how long this will take.

Question:  What kind of class action lawsuit is this?

Answer:  To the best of my knowledge, this will be an “opt-out” class action, should it be certified as a class action lawsuit by the court. An “opt-out” class action lawsuit allows anyone to withdraw from the “class” or group to pursue their own separate litigation against the defendant(s). If you choose to remain in the class, the final result of the litigation (win or lose), will be final and you will not be able to pursue any subsequent legal action(s) relating to the charges and or allegations listed in the class action lawsuit.

You can read about class action lawsuits (U.S. version) here:

https://www.law.duke.edu/grouplit/papers/classactionalexander.pdf

Question:  When can I expect to see compensation?

Answer:  We have to win the case then, we have to collect on any award. Since this is a “jury trial,” to the best of my knowledge, the jury will determine the amount of the award and any amount for damages. The attorney fees are determined by the court in such matters, but “typically” are around 30% of the value of the award. The attorney fees are withheld from collected award amounts.

 

Please check back to GAWsuit.com for any updates in the future. If you have ECF access to the court system case documents, you can follow everything there as well. Although this will be a long process, I will endeavor to post whatever the law firms request, as well as post a few lines to keep everyone up to date on any developments which occur.

[cryptodevil]

The attorney fees are determined by the court in such matters, but “typically” are around 30% of the value of the award.

Wouldn't the lawyers simply be billing their clients directly?

Are they doing this through a 'No-win No-fee' arrangement or something?

[RoomBot]

The attorney fees are determined by the court in such matters, but “typically” are around 30% of the value of the award.

Wouldn't the lawyers simply be billing their clients directly?

Are they doing this through a 'No-win No-fee' arrangement or something?

Exactly.

They had a hard time finding legal assistance, so I suspect the lawyers got some kind of retainer too --  Maybe with ION CRUMBS.

[kken01]

If this lawsuit actually goes forward there are some interesting possibilities. Will Fraser and Cantor Fitzgerald try to settle quickly, or will they blow untold millions on very expensive lawyers, or will they throw Garza under the bus. At the very least they should get some unflattering media attention. Sadly the 9/11 charity fraud doesn't seem to have made it into the complaint.

its mentioned. unless you mean something else than this one:

81. For  example,  on  or  about  September  11,  2014,  GAW  Miners  announced  the creation  of  the  limited  edition “Remember” Hashlet  with  the  logo  of “9/11” to  commemorate those  who lost  their lives  in  the  terrorist  attacks  of  September  11,  2001.  Garza  announced  that GAW  Miners  would  only  sell  500  Remember  Hashlets,  and  would  donate  all  of  the  proceeds (approximately  $10,000)  to “the  9/11  memorial  fund.” He  specified  that “GAW  will  in  no  way be  profiting  from  any  sales  related  to  the  cause.” After  selling  approximately  2,290  Remember Hashlets  for  a  total  of  approximately  $48,000,  GAW  Miners  donated  only  $10,000  to  a  9/11 related charity.  

82. Garza and  Fraser knew  or were  reckless  or  negligent  in  not  knowing that  GAW Miners   actually   profited   from   the   sale   of   Remember   Hashlets,   contrary   to Garza’srepresentations. Fraser’s  role  in  the  Remember  Hashlets   scheme  is  particularly  egregious  given Fraser’s (and his firm Cantor Fitzgerald’s) prominent role in the 9/11 memorial fund.

[Phildo]

If this lawsuit actually goes forward there are some interesting possibilities. Will Fraser and Cantor Fitzgerald try to settle quickly, or will they blow untold millions on very expensive lawyers, or will they throw Garza under the bus. At the very least they should get some unflattering media attention. Sadly the 9/11 charity fraud doesn't seem to have made it into the complaint.

its mentioned. unless you mean something else than this one:

81. For  example,  on  or  about  September  11,  2014,  GAW  Miners  announced  the creation  of  the  limited  edition “Remember” Hashlet  with  the  logo  of “9/11” to  commemorate those  who lost  their lives  in  the  terrorist  attacks  of  September  11,  2001.  Garza  announced  that GAW  Miners  would  only  sell  500  Remember  Hashlets,  and  would  donate  all  of  the  proceeds (approximately  $10,000)  to “the  9/11  memorial  fund.” He  specified  that “GAW  will  in  no  way be  profiting  from  any  sales  related  to  the  cause.” After  selling  approximately  2,290  Remember Hashlets  for  a  total  of  approximately  $48,000,  GAW  Miners  donated  only  $10,000  to  a  9/11 related charity.  

82. Garza and  Fraser knew  or were  reckless  or  negligent  in  not  knowing that  GAW Miners   actually   profited   from   the   sale   of   Remember   Hashlets,   contrary   to Garza’srepresentations. Fraser’s  role  in  the  Remember  Hashlets   scheme  is  particularly  egregious  given Fraser’s (and his firm Cantor Fitzgerald’s) prominent role in the 9/11 memorial fund.

Statement 82 to the media around September of 2015 (or as soon as shit got exposed) to the media probably would have done a lot more to get people some money back than this lawsuit will.

[suchmoon]

If this lawsuit actually goes forward there are some interesting possibilities. Will Fraser and Cantor Fitzgerald try to settle quickly, or will they blow untold millions on very expensive lawyers, or will they throw Garza under the bus. At the very least they should get some unflattering media attention. Sadly the 9/11 charity fraud doesn't seem to have made it into the complaint.

its mentioned. unless you mean something else than this one:

81. For  example,  on  or  about  September  11,  2014,  GAW  Miners  announced  the creation  of  the  limited  edition “Remember” Hashlet  with  the  logo  of “9/11” to  commemorate those  who lost  their lives  in  the  terrorist  attacks  of  September  11,  2001.  Garza  announced  that GAW  Miners  would  only  sell  500  Remember  Hashlets,  and  would  donate  all  of  the  proceeds (approximately  $10,000)  to “the  9/11  memorial  fund.” He  specified  that “GAW  will  in  no  way be  profiting  from  any  sales  related  to  the  cause.” After  selling  approximately  2,290  Remember Hashlets  for  a  total  of  approximately  $48,000,  GAW  Miners  donated  only  $10,000  to  a  9/11 related charity.  

82. Garza and  Fraser knew  or were  reckless  or  negligent  in  not  knowing that  GAW Miners   actually   profited   from   the   sale   of   Remember   Hashlets,   contrary   to Garza’srepresentations. Fraser’s  role  in  the  Remember  Hashlets   scheme  is  particularly  egregious  given Fraser’s (and his firm Cantor Fitzgerald’s) prominent role in the 9/11 memorial fund.

You're right. I blame stupid docdroid viewer and/or Firefox search

I hope media catches on to that.

[suchmoon]

The attorney fees are determined by the court in such matters, but “typically” are around 30% of the value of the award.

Wouldn't the lawyers simply be billing their clients directly?

Are they doing this through a 'No-win No-fee' arrangement or something?

They are trying to certify this as a class action, which I think is lawyer-speak for "ka-ching". Lawyers get a percentage of the reward. Victims get what remains of the reward, which may or may not make them whole. The law firm probably wouldn't take the case if they didn't think there is a reasonable chance to make Fraser pay up.

[truckinusa]

If this lawsuit actually goes forward there are some interesting possibilities. Will Fraser and Cantor Fitzgerald try to settle quickly, or will they blow untold millions on very expensive lawyers, or will they throw Garza under the bus. At the very least they should get some unflattering media attention. Sadly the 9/11 charity fraud doesn't seem to have made it into the complaint.

its mentioned. unless you mean something else than this one:

81. For  example,  on  or  about  September  11,  2014,  GAW  Miners  announced  the creation  of  the  limited  edition “Remember” Hashlet  with  the  logo  of “9/11” to  commemorate those  who lost  their lives  in  the  terrorist  attacks  of  September  11,  2001.  Garza  announced  that GAW  Miners  would  only  sell  500  Remember  Hashlets,  and  would  donate  all  of  the  proceeds (approximately  $10,000)  to “the  9/11  memorial  fund.” He  specified  that “GAW  will  in  no  way be  profiting  from  any  sales  related  to  the  cause.” After  selling  approximately  2,290  Remember Hashlets  for  a  total  of  approximately  $48,000,  GAW  Miners  donated  only  $10,000  to  a  9/11 related charity.  

82. Garza and  Fraser knew  or were  reckless  or  negligent  in  not  knowing that  GAW Miners   actually   profited   from   the   sale   of   Remember   Hashlets,   contrary   to Garza’srepresentations. Fraser’s  role  in  the  Remember  Hashlets   scheme  is  particularly  egregious  given Fraser’s (and his firm Cantor Fitzgerald’s) prominent role in the 9/11 memorial fund.

You're right. I blame stupid docdroid viewer and/or Firefox search

I hope media catches on to that.

What's the best way to make the media aware?

[favdesu]

PDF of the complaint:

http://docdro.id/oAFdRD8

uncle stu to the rescue... I wonder if they go for his sorry ass too