Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2345. (Read 3377974 times)

Why would someone expose a mining address (and let's assume GAW has multiple mining addresses) to the same process as payments?  That makes no sense.  Businesses don't run payroll from the same bank account as their invoices.  Well... I take that back.  Small businesses do... but it's not smart, especially in cryptocurrencies... where your addresses are public record on the blockchain.

KNC ring any bells?

Are they charging anybody to use those cloud services? No.

This has nothing to do with Apple and you cannot compare the two at all.

I am keeping your advise and evaluate your opinion as a valuable advise. Probably you got more knowledge in cloud mining than me. Because I already get what I paid for won't invest any more and won't cash my hashlets out as well. I am also eager to see what will happen next, can't miss that show

Sorry for the absence, All. I have been VERY busy since the end of the Holiday and while "others" are giving their MASS Network (not) interviews, I have been having my own interaction with certain entities located in Washington D.C. Although I continue to have a real life and must address my existing responsibilities, please know I am still focused on making sure who I believe has wronged the REAL cryptocurrency industry is exposed and held accountable for what I allege are his and his company's numerous violations of US law.

Additional undeniable and public evidence is in hand and I have decided to forward a publically viewable version of my [soon to be completed] complainant statement to a highly trusted and neutral person at CoinDesk for review and possible release in order to seek public feedback regarding what may happen industry wide once regulatory action commences.

Scott-

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In the meantime, another precedent has been recorded. The similarities to Mt. GAW is uncanny...

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FOR IMMEDIATE RELEASE
 November 25, 2014 MEDIA CONTACT: Steve Hudak
703-905-3770

FinCEN Penalizes Florida Credit Union for Failures in Managing High-Risk International Financial Activity

WASHINGTON, D.C. –The Financial Crimes Enforcement Network (FinCEN) today assessed a $300,000 civil money penalty against North Dade Community Development Federal Credit Union in Miami Gardens, Florida for significant Bank Secrecy Act (BSA) violations. North Dade’s anti-money laundering (AML) failures exposed the United States financial system to significant opportunities for money laundering and terrorist financing from known high-risk jurisdictions.

The credit union consented to the assessment and admitted that it willfully violated BSA program, reporting, and recordkeeping requirements. Included within these lapses, the credit union failed to comply with Section 314(a) of the USA PATRIOT Act, a program requiring financial institutions to search their records to locate accounts and transactions of persons that may be involved in terrorism or money laundering.

North Dade, a small credit union with $4 million in assets and only five employees, contracted with a third-party vendor and money services business (MSB) to provide services and sub-accounts to 56 MSBs located in high-risk jurisdictions far outside its field of membership, including locations in Central America, the Middle East, and Mexico. The revenue generated from these accounts constituted 90% of North Dade’s annual revenue. In 2013 alone, the total transaction volume through North Dade by MSBs included $1.01 billion in outgoing wires and $984 million in remotely captured deposits.

“When a small institution opens its doors to the world, takes on greater risks than it can manage, and puts profits before AML controls, bad actors are bound to take advantage,” said FinCEN Director Jennifer Shasky Calvery. “This case raises pretty obvious questions that no one seems to have asked. Why would MSBs located all over the world choose a small Florida credit union to conduct close to $2 billion in transactions? Credit unions pride themselves on close and low- risk relationships with known neighborhood customers. However, North Dade welcomed customers far beyond its field of membership, without adequate policies and procedures to ensure AML compliance.”

Director Shasky Calvery also expressed concern about North Dade’s failure to comply with FinCEN’s 314(a) program. “It is of great concern that North Dade failed to even review the 314(a) requests it received. These are time sensitive requests that, by their very nature, are intended to further criminal investigations into significant money laundering and terrorist financing activities.”

From 2009 through 2014, North Dade had significant deficiencies in all aspects of its AML program, including its internal controls, independent testing, training, and failure to designate an appropriate BSA compliance officer. North Dade also had a systemic failure in meeting its 314(a) obligations. North Dade did not provide any meaningful risk assessment for its size and type of business and blindly relied on a third-party vendor to conduct due diligence for all 56 MSBs, which held sub-accounts at North Dade. Without itself knowing or understanding its customers or risks, North Dade was unable to adequately monitor, detect, or report significant suspicious transactions and other activities taking place through the credit union, including those related to money laundering and drug trafficking. When the credit union did file suspicious activity reports, the reports were often late and insufficient.

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FinCEN’s mission is to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities.

They have cloud services too.  I believe this "iCloud" crap is fake... Apple doesn't own any data centers, they just rent some time on Amazon's Glacier.  I don't have any proof... but it has to be correct, because Apple hasn't proven me wrong.

And besides, in a court of law, the lack of objection means it has to be true!

Crowing  




See he didn't say that. At all.


The imprecision in finance of this financial guru is remarkable.

Sloppy deluded drug induced floppy hand and leg over knee  like wow man, yeah got the respectavitable third party stuff under control --- sober up the next day yeah like I said they highly respectable media outlet...

whatevah

you stoned drunk deluded freak.

What we have here is a complete waste of time, superficial, lightweight surface entry shallow con-artist selling nothing.

As cheap a used car sales man as his waist coats. Big fish in a small pond thinking his mickey mouse shit will fly in prime time.

He even looks like a fucking dumb douche okie from Muskogee waddling in to town.

the problem is the profits are meant to come from mining. if its not paid from a pool address there is no mining. take this example. 24,000 people all give me 1btc. i have 24,000btc. i pay from that wallet small amounts. its customer purchases NOT mining. his lack of transparency indicates this at present

The problem is that all of those payments originate from new customer purchases instead of mining.

how evangelical of you.
i advise you keep cashing out and don't put any back.

Ok, fine... pick your random cloud mining company.  If anyone does post pictures of a data center, the boo-birds and experts here claim them as fakes...or basically never satisfied.

Anyone who is a GAW customer can see what wallets they get paid out from in the blockchain.

What's the problem?

Addresses that have 24,000-30,000 BTC in them


12JXuXqTyHiQbXmEMZ9PQ6BJ5SrLo8De2t             24,139 BTC ($9,163,085 USD)

1rqYcAcmwc1N4AKA4X6zWVZondZpS2Xp5            25,709 BTC ($9,758,893 USD)

1Kf33BbrJDuAVC91w9ACtRgf6KJrLWSkHV             26,167 BTC ($9,932,852 USD)

12tkqA9xSoowkzoERHMWNKsTey55YEBqkv           28,150 BTC ($10,685,586 USD)

16cTyJLWbXQz3UZ3sYjy6A6VGX4sAqiEo1             28,157 BTC ($10,688,039 USD)

1EECyYDrjCBk39f2gKSsbcXLpRWu5pu1MF            30,500 BTC ($11,577,616 USD)

m8 Josh does not know any shill about mining, programming and transaction management. All He knows is how to look cool and making speeches to make customer happy and buy. He is a Ceo, he is not a technical man. Why are you caring that much about what he says. He already confess He does not know any thing about cloud mining, this guy learnt how to use twitter recently

I already get what I paid for from Zens and Primes, I am able to transfer my BTC anywhere I want. So no problem for me, up until somebody provide He is guilty I will count him as innocent and do not make any more investment because I also value your opinions about that company. But as I sad before, it is too early to collapse if it is a ponzi. Josh, will make customers believe him by paying pay coin shares. More and more people, will come to him and do not ask any question at all.

After that time, if this is a fraud we will be able to understand but it is too early right now.

That comes out as maintence fees. im talking the total btc earned before maintenence. if he has what he says he has in hashing this value shouldnt be changing. understand?

Regularly transferring my earnings to my cryptsy account, no problem up to now. please make company aware about your situation again. Sometimes, help desk working a bit slow. But I never heart someone complaining about payment transactions. Even if this is a ponzi, it is still working out no need to be panic

Is actually dependent on difficulty.


That's closer.

try cashing it out...

scary cult.
and what happens when he tells you all to take the red pill?
all this evangelistic shite is make my blood boil. you kids really don't have a clue what you are doing with your money.
Josh Garza is a deluded egotistical megalomaniac who thinks all he needs to do is throw money at things and they will all fall to his feet to worship him?

sorry mate, i'm having no part of this, and if you are sensible, neither will you.

The price of electricity for producing bitcoin stays same, but the price of bitcoin drops. So the payment of BTC is changing, in time it won't be profitable any more because the electricity price for operating those device will be more than produced BTC. If bitcoin resume losing blood

Explain.