SEC Launches Investigation Into GAW Miners (also Paycoin) for Securities Fraud

[tk808]

The mining titan and CEO of GAW Labs, Josh Garza, has come under severe scrutiny due to claims from the cryptocurrency news site Coin Fire, which reports that their staff has ties to a connection which has unveiled a document of roughly 1,000 pages, stating that GAW Miners & Paycoin (XPY) are being investigated by the United States (SEC) Security and Exchange Commission..

http://www.coinssource.com/sec-investigation-gaw-miners-fraud/

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[ArticMine]

The mining titan and CEO of GAW Labs, Josh Garza, has come under severe scrutiny due to claims from the cryptocurrency news site Coin Fire, which reports that their staff has ties to a connection which has unveiled a document of roughly 1,000 pages, stating that GAW Miners & Paycoin (XPY) are being investigated by the United States (SEC) Security and Exchange Commission..

http://www.coinssource.com/sec-investigation-gaw-miners-fraud/

This could get very interesting, especially for POS ICOs, premines, promises to deliver a cryptocurrency before it even exists, representations regarding a non existent Silk Road clone for two years ...

[billotronic]

oh snap!

Thank you very much for posting that... I hope they nail them bastards to a post.

Also, where is the michael jackson eatin popcorn gif? No king of pop for this? booo

[barabbas]

This stinks to fake to high heaven... ah what some would don just to feed their hatred... amazing...

[XCASH]

It surprises me the SEC took this long to investigate.

[unusualfacts30]

coinsouce going to get shutdown for spreading rumors. I don't see them listing any solid proof.

[anderl]

coinsouce going to get shutdown for spreading rumors. I don't see them listing any solid proof.

Will arstechnica get shut down too?  ;p

[JohnnyBTCSeed]

[Este Nuno]

This stinks to fake to high heaven... ah what some would don just to feed their hatred... amazing...

Don't tell me you of all people, someone who's been here posting about various scams for the last little while as fallen for Paycoin of all things?!

[WTrader]

Why should they NOT launch an investigation? GAW has been shady since the beginning, not to mention the outright lie about their 'company connections' that was exposed as non-existent before paycoin barely began.