Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 545. (Read 3377922 times)

DoraTheExplorer seems to have put together the best list of conjectures:
https://hashtalk.ch/topic/37735/community-website-for-paycoin-information/30
http://puu.sh/hRQsD/5a5a6b11cf.png

Joke's on him then. While they don't have an extradition treaty with the USA, they are big on capital punishment, and once Dubai catches up with how much of a criminal he is... well... he might want to start looking for another host country if he values his life, is what I'm trying to say.

Josh never had XPY to lose control of? I see pauls point now of you defending HJG

Correct.   

The only addition I would make is that HJG didn't have the assets (PC's and XPY) to lose control of.

@ Miaviator: I am not making anything up. You do defend Josh's claims of having lost control of assets and the whole scam in general, even though there is no proof of this. You do so every time I bring up the fact that there is no proof of this happening at all. The only thing there is to go on is the claims of Josh or one of his handpicked accomplices, who are now supposedly his arch enemies. This story is WAY too convenient, and was suggested as being a viable exit strategy many months ago.

I find it odd how you will go off with personal attacks on Josh Garza and will openly call him a fraud and liar, which was already being done by many people-so that does not actually add anything new to the debate, but when it comes to whether or not he has lost control of large amounts of assets you defend his position, which is that he has lost massive amounts of assets through the devious acts of a handful of people whom he had handpicked and worked closely with during the execution of this entire fraud scheme. The fact is that there is no proof whatsoever that Josh has lost control of or had stolen from himself ANYTHING. All I see is a gang of crooks splitting up after a heist and each one claiming the other groups are the real crooks to confuse people about the fact that they are ALL crooks, and since they are all tried separately  (at least in the court of public opinion) all they have to do is convince people that it was "the other crooks" and they are off the hook.

So, MrCEO hasn't posted on hashtalk for nearly 4 days straight. This seems suspiciously quiet for him. Where is he? Any ideas? Could he finally have done a runner?

OH I thought you were talking about the "theft" or "dispute" over intellectual property.  Based on: "If there was an actual theft something would definitely have been done about it."  You see a lot was done about that "theft."

You were talking about Josh needing attention after he lost that dispute.  My apologies.  The Josh needs attention story had nothing done about it except a bunch of whining in public by JG and the cult of the hashtalkers.  That involved just as much theft as my cat story.  The one where Paul Revere stole my cat.  

So, MrCEO hasn't posted on hashtalk for nearly 4 days straight. This seems suspiciously quiet for him. Where is he? Any ideas? Could he finally have done a runner?

So, MrCEO hasn't posted on hashtalk for nearly 4 days straight. This seems suspiciously quiet for him. Where is he? Any ideas? Could he finally have done a runner?

I have said pretty much the same thing all along. A lot done about it? WTF? What exactly was done about this supposed theft of millions of dollars worth of assets from Josh Garza and/or GAW corporation? I personally have seen nothing but empty threats and claims by a known liar who has every reason to lie about losing his assets. A "lot done about it" would mean picking up the telephone and calling the police, or at minimum an actual lawyer. Instead all we have is this known liar who has every reason to hide assets asking for legal help on a forum and other such idiocy.

"Mostly" is a drastic change.  You are wavering in your opinion like a flip flopper.  You are accepting HJG's version of the story alone which is also a very uncharacteristic thing for you to do.

Has Paul Reveres account been hacked?

"If there was an actual theft something would definitely have been done about it."  There was a lot done about it. 

I still think this is all or at least mostly smoke and mirrors to create the perception that Homero is no longer involved. If there was an actual theft something would definitely have been done about it. The very distinct possibility that Homero simply shifted direct ownership and skimming to covert methods like owning hashtakers that pay to anonymous accounts would be an ideal way to launder the coins. When I suggested this to Mage during his effort to try to put forth the idea of "salvaging Paycoin" by forking away "Homero's coins" and other non sense I was treated as if I were crazy to suggest that someone would do something so simple and obvious. I think I was the first person in this thread to actually use the word embezzlement, and suggested that the whole system of fake miners set up to anonymous accounts requiring only an Email, and ditto for skimming and hiding Paycoins, was a whole new way to take corporate funds and funnel them into anonymous accounts. I recall there were literally posters befuddled by the whole concept of Embezzlement and probably more important Tax Evasion. I would be shocked if siphoning funds directly from GAW and also from Paycoin into anonymous accounts linked only to an Email were not a large part of the whole fraud plan.

I don't think this was ever published as a press release. A few weeks later MrCEO started whining on the forums about extortion etc.

I don't think this was ever published as a press release. A few weeks later MrCEO started whining on the forums about extortion etc.

Time for a trip down memory lane. Does anyone know what ever became of this?

Was this released or did i miss it?




For Immediate Release

Date:      March 18, 2015
Contact:   John Caceres
Phone:      917.882.0900 / 802.359.7659
Email:      [email protected]


Brazen Violation of Trust Leads to
PayCoins & Company Assets Stolen by GAW Employees

Bloomfield, CT – In what has amounted to a violation of fiduciary responsibility by two employees of GAW Miners, a company that operates in the mining of and creation of cryptocurrencies, Jonah Dorman, Interim CEO and Matthew K. Eden, CTO have stolen the company’s PayCoin, a form of cryptocurrency developed by the company. In addition to taking control of a majority of the available coins, the duo has seized other company assets such as customer databases, customer funds and related intellectual property.

The theft of PayCoins began with what seemed like a breach of one of the company’s products, PayBase which is a wallet where a majority of PayCoins where “stored” by both the company itself and users of the online wallet service. While no customer funds were lost, some company PayCoins were stolen on or about February 27, 2015. The funds were withdrawn by an account that had no deposit records and allegedly was done by someone inside the company. This happened on more than occasion in varying amounts that were not large. Additionally, while there were records of the account withdrawals, there was no record of the withdrawals in the PayBase activity logs. As a standard measure of security protocol, the account withdrawal functionality was shut down and users of the both PayBase and ZenCloud, a similar service offered by GAW Miners, were temporarily shut down and customers immediately notified.

As a part of the security measure and to ensure that no customer funds were compromised, the CTO, Mr. Eden, recommended creating new wallets and moving all the PayCoins, both the company’s and customers’ to the newly secured wallets. This move gave Mr. Eden temporary but full control over company’s prime controller wallets. This was to be a temporary measure as no one person is to have total control over a wallet, as a security measure, should that person be terminated by the company, there is ill will or other act causing that person to not be able to manage the wallets for some unforeseen reason.

While this was being managed by Messer. Eden and Dorman, GAW Miners was in the process of working with a company as a part of a consortium, CoinStand, to launch a newly created website where millions of products would be made available online with the only payment device being cryptocurrency, specifically Bitcoins and PayCoins, when launched. As a part of the agreement, GAW was to provide a negotiated amount of PayCoins, at an above market value. The PayCoins would provide working capital that CoinStand could leverage to launch the new service, offering a discount to all PayCoin holders. As the site was preparing to be launched, the final detail was to have the CTO, Mr. Eden, fulfill the agreement by transferring the funds to CoinStand.

It was at that time the Mr. Eden, denied access to the company’s PayCoins and as a result, the launch of CoinStand was delayed. It was also realized that during this time, Mr. Eden systematically eliminated administrative access to the company’s and customers’ PayCoin accounts to all senior executives with exception of Mr. Dorman, who has since denied being Interim CEO of the company, though his email signatures listed him as such and a public announcement made. It is becoming clear that the duo had been a part of the initial withdrawals that were thought to be breaches made by a former employee coming through a “backdoor.”

Upon contacting Mr. Eden, it was confirmed that it was his intention to not release both the company’s and customers’ funds, though an effort was made to reach an amicable solution through his then legal council. Prior to the resignation of Mr. Eden’s lawyer representing the CTO, an attempt was made to have Mr. Eden return customer and company PayCoins to GAW. Those attempts were unsuccessful.

Since those negotiations have come to a standstill, it has become apparent that Mr. Eden and Mr. Dorman intend to use the stolen PayCoins to fund a new company while soliciting loyal GAW employees. This all under the guise of “saving the integrity of PayCoin.”

As a result, this act puts every PayCoin holder at risk as the stolen coins can be used to flood the market and drive down the value of cryptocurrencies, in general, while giving the emerging category a black eye given the nature of the breach and the theft following the much publicized theft of Bitcoins in February 2014.

Through CoinStand and the consortium of cryptocurrency advocates, it was the intention to create the world’s first marketplace for use of cryptocurrencies creating viability for the emerging financial tender, where none existed to date.

As a result of this breach and the violation of fiduciary responsibility by Messrs. Eden and Dorman, both the US Federal Bureau of Investigation (FBI) and the US Security and Exchange Commission (SEC) have been contacted. The purpose of doing so is to bring action against the violators with the intent of putting control of the majority of PayCoins in the hands of their rightful owners and the PayCoin Foundation, a third party, not-for-profit entity that has set up a wallet service via PayCoin.com.