Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 187. (Read 3377790 times)

"that was the bonus for the ico purchasers of xpy"

made my day

BFL, shady and scammy as it was, actually did build miners and ship some. There was a tangible product they were clearly producing, they just vastly oversold their actual ability to deliver and did "burn testing (i.e. free mining). That's wrong, but the government cannot just go after people for that because there are infinite examples of legitimate computer companies, for instance, doing the same thing (hundreds of millions of dollars from advanced orders for computers that are either chronically delayed or simply non-existent at the time). As long as they can make a plausible case that they are just incompetent as opposed to openly fraudulent, it simply isn't ever going to be criminal.

Furthermore, they were busted by the FTC which is an agency that has much less history of its proceedings working their way into criminal charges. It's basically how you get slapped on the wrist for false advertising.



The SEC, on the other hand, is frequently a prelude to criminal charges. Just ask Pirate@40, because that's actually what happened to him. The SEC did the legwork and then handed the case over to the FBI, at which point the dude just plead out because it was going to be hopeless.

Josh Garza indisputably ran a ponzi. He didn't cherry-pick and selectively deliver his products to reviewers, no, he sold pictures of things that never existed, publicly made impossible promises directly contrary to law, and made numerous fraudulent representations like standing in front of fake mining equipment.

He said he was mining, he never was. He made direct promises of profitability based on capital reserves that did not exist. Any money that went out came from money that went in, without exception. He made representations that he was collecting money that would go to charity, and it clearly didn't.

Remember the "Y U NO SHIP" foam toys from BFL? The FTC made a big deal of them, despite not really being all that meaningful legally speaking, because they are absolute dynamite to a jury. That kind of thing might not be able to directly affect what you get charged with, but it absolutely will affect whether you get convicted for it.

The 9/11 stakers are a similar deal. It's just another aspect of fraud to a case replete with it, but it makes it clear to a jury what this is all about. They might not get "mining", crypto-currency or even what a "Security" is, but when Josh can't show where that money went or even what charity he supposedly partnered with, believe me, a 80 year-old grandmother who is an illiterate daughter of an oakie sharecropper will understand what Garza did.

The Feds are going to get him, that's undoubtedly what the stay is about.

Find out what prison he's going to (if any) & send T-shirts with this pic as gifts to inmates 

I'm glad they went to the man of gawd matlack, instead of fat vest wearing homero

fudder... xpy was not viable they traded in for ion from adam matlack to save them and became sheep for the disciple maker.

They are ion whales... because ion is a game coin and gaming has a market capital of $7 billion a year in the mobile market. That 7 billion market share is waiting to line up to use ion because its so innovative. They couldnt' do it themselves as a game company because they lack talent.

They needed a everyday church guy to clone a source and crowd fund a dev because they couldn't do it themselves.

Game dev studios need adam matlack and the likes of ion because they aren't innovative enough themselves. And even if they were you know innovative doesn't make a coin... a coining be used by the world that make a coin... and ion is that coin!!!!

Repent you heretic!!!

I see some gawtards at the bottom right, i wonder if they were paycorn whales

Where did that picture even come from it was his mail inbox right? who the fuck would email that to someone and why...


If it was a screen capture why would you do some low c grade horrible google chat porn shoot? Maybe that was the bonus for the ico purchasers of xpy? seeing hashking do a strip show?

I don't think he'd get his ged in prison

https://twitter.com/serioiusInvest/status/575987760496058368

Not an easy option for him though. Grade 9 english was giving him hassles.

Remember how he was receiving writing tuition etc for his emails and press releases haha and how companies were like get someone to proof his messages because he's hopeless?

He might be better off doing one of those adult college classes or something? You know the ones that learn him to read and right good?

There is a 6-month stay on Garza's first $10 million scam.

That means that another federal case is pending -- a much "bigger" one.  And/or they're adding Paycoin scam charges.

Garza still has one good option:

Finish high school.

Even if he doesn't go to jail he'll still struggle to ever run a business again. I think if he tried a number of people would likely inform any potential customers of his past.

Either way he's screwed.

That was fcc not sec, let's hope for the best

I don't see anyone going to jail....hell,all BFL got was a $15,000 fine,so.................

Who bigger than him could be going in though? Uncle Stu? I would think CF wouldn't let that happen. Perhaps one of the "large" investors with ties to money laundering that there were rumors of? Not sure how much of that was fabricated by Homero himself with the whole Phil Valdala "theft" of Prime Controlwrs ordeal.

Yes, he will be going to prison unless someone bigger does instead. Pretty likely it will be something like this one, where he can hang with Bernie Madoff and share muggle stories for a couple years playing cards and watching TV with no big ass Bubbas to worry about.

"papers... perhaps time, wsj and cnn":  

pffffffffffffffffft!  

Trolls.

There is no way josh can cut a plea deal with 0 time in jail unless someone bigger is going to jail.

$10 million is a lot of money and i suspect his scheme was more than that. Combined with power fraud, the 9/11 charity fraud.. anyone remember that remember hashlet ?

Josh will be spending time in prison. The government would love to make an example of some crypto folks. I believe the 6 month extension is so they get everything right and all the information to throw at him. Its going to make papers... perhaps time, wsj and cnn just like josh said it would. he was just a little bit wrong on when it would happen.

Maybe the announcement from sec will come on a friday?

Perhaps Josh & Stuart will cut a deal with the Feds, (IRS, FBI, DHS) to share a cell.

My money is on jessica distancing herself and shacked up with someone else money wise.

And Josh being with that chick he impregnated.

I reckon it would be one big messed up situation at present... unless josh is shacked up with stuart?

I'm guessing that she's the breadwinner now and Josh is staying home with the 3 little kids.