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September 13, 2018, 11:57:57 PM

https://www.coindesk.com/landmark-crypto-crime-case-ends-with-jail-sentence-for-gaw-ceo/

Quote
Josh Garza, the CEO of the now-defunct cryptocurrency mining company GAW Miners, has been sentenced to 21 months in prison after pleading guilty to a wire fraud charge.

Garza was given six months home confinement as part of a 3-year probationary period following release.

Thursday's sentencing caps a years-long saga that began in 2014, with allegations that GAW was functioning as a Ponzi scheme by selling more cryptocurrency mining processing power than the firm actually possessed.

Garza had good legal representation as he got off with a light sentence. His was the number one cryptocurrency scam I wrote about back in 2015; Litecoin GEAR came in second place.

What a douchnozzle:



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