GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 95.

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Quote from: suchmoon on May 30, 2017, 03:20:56 PM

Quote from: truckinusa on May 30, 2017, 02:54:17 PM

Can he file bankruptcy when faced with a judgement from the SEC?

IANAL but I don't think so:

(edit: I mean he can file but it won't help him)

https://www.law.cornell.edu/uscode/text/11/523

Quote

11 U.S. Code § 523 - Exceptions to discharge

(a) A discharge under section 727, 1141, 1228(a), 1228(b), or 1328(b) of this title does not discharge an individual debtor from any debt—

[...]

that—
(A) is for—
(i) the violation of any of the Federal securities laws (as that term is defined in section 3(a)(47) of the Securities Exchange Act of 1934), any of the State securities laws, or any regulation or order issued under such Federal or State securities laws; or
(ii) common law fraud, deceit, or manipulation in connection with the purchase or sale of any security;

3 strikes --- you're out!

suchmoon

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Quote from: truckinusa on May 30, 2017, 02:54:17 PM

Can he file bankruptcy when faced with a judgement from the SEC?

IANAL but I don't think so:

(edit: I mean he can file but it won't help him)

https://www.law.cornell.edu/uscode/text/11/523

Quote

11 U.S. Code § 523 - Exceptions to discharge

(a) A discharge under section 727, 1141, 1228(a), 1228(b), or 1328(b) of this title does not discharge an individual debtor from any debt—

[...]

that—
(A) is for—
(i) the violation of any of the Federal securities laws (as that term is defined in section 3(a)(47) of the Securities Exchange Act of 1934), any of the State securities laws, or any regulation or order issued under such Federal or State securities laws; or
(ii) common law fraud, deceit, or manipulation in connection with the purchase or sale of any security;

truckinusa

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Quote from: suchmoon on May 30, 2017, 11:17:29 AM

Quote from: coinits on May 30, 2017, 06:55:34 AM

How does the law work in US? His name is not mentioned. Are officers on the hook personally? Can bankruptcy get him out from under this? Is jail an option for this?

I'm thinking yes to all of the above but would like some clarification.

What officers of this company are on the hook?

The two LLCs were co-defendants in the case, along with Garza personally. So the default judgement is merely a reflection of the fact that the LLCs are essentially defunct. Garza is still on the hook.

This is the SEC civil case, so no jail here. That would be (hopefully) part of the FBI/DOJ plea deal in July.

One thing to keep in mind is that Garza scammed bitcoins, which now would be worth about 8x compared to late 2014. So even if he somehow comes up with the $10 million, either as part of the plea deal or in the SEC case, he's still screwing everyone over to the tune of $70m+.

Can he file bankruptcy when faced with a judgement from the SEC?

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Quote from: truckinusa on May 30, 2017, 11:49:54 AM

Quote from: suchmoon on May 30, 2017, 11:42:30 AM

Quote from: truckinusa on May 30, 2017, 11:20:29 AM

In the back of my mind I wonder if he still has some out there in the block chain he hadn't spent. Its like the pirate with buried treasure...we just need to find the map. Hopefully they follow his banking transactions and his family's for a while after he is out of prison.

It would be a truly gawsome deal for him if he could pay back the $10m, do the time, and still come out filthy rich. However based on what we know about Garza he's not the "saver" type. He always spent way more than he could afford, what with the cars and the jet rentals and the domain names and the fake boobs. So most likely he's blown it all.

I mean, suppose he just kept 1 million at the time and never spent it, and left it on the blockchain. That is 8 million today. I also question how they allowed him to sell his $400,000 house with no repercussions.

Don't worry about poor Homero!

He's an ION - IONOMY Gazillionaire!

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Quote from: coinits on May 30, 2017, 06:55:34 AM

Quote from: maildir on May 30, 2017, 03:47:48 AM

Quote

Securities and Exchange Commission v. Garza et al

Monday, May 29, 2017

ORDER FOR ENTRY OF DEFAULT JUDGMENT. For the reasons set forth in the attached ruling, plaintiff's motion for default judgment (Doc. #15 ) is granted and it is hereby ORDERED, ADJUDGED, AND DECREED that defendants GAW Miners, LLC and ZenMiner, LLC are jointly and severally liable for disgorgement of $10,078,331 plus $305,768 prejudgment interest. Due to the passage of time since plaintiff's filing of the default motion, plaintiff may file a supplemental motion if it wishes to update the amount that should be paid in prejudgment interest. In addition, defendant GAW Miners, LLC shall pay a civil penalty in the amount of $1,000,000, and defendant ZenMiner, LLC shall pay a civil penalty in the amount of $1,000,000. Plaintiff may also recover post-judgment interest as provided by law. It is so ordered. Signed by Judge Jeffrey A. Meyer on 5/29/2017. (Gruber, Sarah)

Good for the record I guess. Just no way Homero is going to be able to squirm his way out of his day in court.

How does the law work in US? His name is not mentioned. Are officers on the hook personally? Can bankruptcy get him out from under this? Is jail an option for this?

I'm thinking yes to all of the above but would like some clarification.

What officers of this company are on the hook?

I watched 'The Wizard of Lies' - the Bernie Madoff story on HBO last night. I can't help but think that Homero is the crypto version of that sack of shit. Live high on the hog for years and then have his family disintegrate, two sons die, thousands of lives ruined, all because of his scam.

IMO it is an excellent story of karma coming back to bite. The problem is that it bites those who were innocent but caught in his web. I don't think he gave a fuck. I doubt Homero does either.

Robert De Niro is an excellent actor! Homero, not so much.

Gawsome!

Richard Dreyfuss also did an AMAZING "Bernie Madoff," with Blythe Danner doing a rare excellent turn as his effed-over wife:

http://www.imdb.com/title/tt4035574/?ref_=fn_al_tt_1 <--------- Watch a free trailer here, (no ads.)

now....

Who should play Homero???

Someone with a frog-face, man-boobs and zero personality.....hmmmm....I'm thinking, Miley Cyrus! LMAO

Does this question need its own thread? hahahahaha

truckinusa

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Quote from: suchmoon on May 30, 2017, 11:42:30 AM

Quote from: truckinusa on May 30, 2017, 11:20:29 AM

In the back of my mind I wonder if he still has some out there in the block chain he hadn't spent. Its like the pirate with buried treasure...we just need to find the map. Hopefully they follow his banking transactions and his family's for a while after he is out of prison.

It would be a truly gawsome deal for him if he could pay back the $10m, do the time, and still come out filthy rich. However based on what we know about Garza he's not the "saver" type. He always spent way more than he could afford, what with the cars and the jet rentals and the domain names and the fake boobs. So most likely he's blown it all.

I mean, suppose he just kept 1 million at the time and never spent it, and left it on the blockchain. That is 8 million today. I also question how they allowed him to sell his $400,000 house with no repercussions.

suchmoon

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Quote from: truckinusa on May 30, 2017, 11:20:29 AM

In the back of my mind I wonder if he still has some out there in the block chain he hadn't spent. Its like the pirate with buried treasure...we just need to find the map. Hopefully they follow his banking transactions and his family's for a while after he is out of prison.

It would be a truly gawsome deal for him if he could pay back the $10m, do the time, and still come out filthy rich. However based on what we know about Garza he's not the "saver" type. He always spent way more than he could afford, what with the cars and the jet rentals and the domain names and the fake boobs. So most likely he's blown it all.

truckinusa

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Quote from: suchmoon on May 30, 2017, 11:17:29 AM

Quote from: coinits on May 30, 2017, 06:55:34 AM

How does the law work in US? His name is not mentioned. Are officers on the hook personally? Can bankruptcy get him out from under this? Is jail an option for this?

I'm thinking yes to all of the above but would like some clarification.

What officers of this company are on the hook?

The two LLCs were co-defendants in the case, along with Garza personally. So the default judgement is merely a reflection of the fact that the LLCs are essentially defunct. Garza is still on the hook.

This is the SEC civil case, so no jail here. That would be (hopefully) part of the FBI/DOJ plea deal in July.

One thing to keep in mind is that Garza scammed bitcoins, which now would be worth about 8x compared to late 2014. So even if he somehow comes up with the $10 million, either as part of the plea deal or in the SEC case, he's still screwing everyone over to the tune of $70m+.

In the back of my mind I wonder if he still has some out there in the block chain he hadn't spent. Its like the pirate with buried treasure...we just need to find the map. Hopefully they follow his banking transactions and his family's for a while after he is out of prison.

suchmoon

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Activity: 3654

Merit: 8909

https://bpip.org

Quote from: coinits on May 30, 2017, 06:55:34 AM

How does the law work in US? His name is not mentioned. Are officers on the hook personally? Can bankruptcy get him out from under this? Is jail an option for this?

I'm thinking yes to all of the above but would like some clarification.

What officers of this company are on the hook?

The two LLCs were co-defendants in the case, along with Garza personally. So the default judgement is merely a reflection of the fact that the LLCs are essentially defunct. Garza is still on the hook.

This is the SEC civil case, so no jail here. That would be (hopefully) part of the FBI/DOJ plea deal in July.

One thing to keep in mind is that Garza scammed bitcoins, which now would be worth about 8x compared to late 2014. So even if he somehow comes up with the $10 million, either as part of the plea deal or in the SEC case, he's still screwing everyone over to the tune of $70m+.

truckinusa

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From the folks I have talked to the bottom line is he is looking at 30-80 months. There is a time period where the judge will take statements, etc, from victims. It would be a good idea to make a statement if you are vulnerable especially. Elderly, disabled, ill, etc would make great stories for the judge to get that number closer to 80 months. Also get on the victims list. I just got on it today.

coinits

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Quote from: ?? on ??

Fraud can pierce the corporate veil very quickly, Google that

https://www.google.com/search?q=Fraud+can+pierce+the+corporate+veil+very+quickly

coinits

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Quote from: maildir on May 30, 2017, 03:47:48 AM

Quote

Securities and Exchange Commission v. Garza et al

Monday, May 29, 2017

ORDER FOR ENTRY OF DEFAULT JUDGMENT. For the reasons set forth in the attached ruling, plaintiff's motion for default judgment (Doc. #15 ) is granted and it is hereby ORDERED, ADJUDGED, AND DECREED that defendants GAW Miners, LLC and ZenMiner, LLC are jointly and severally liable for disgorgement of $10,078,331 plus $305,768 prejudgment interest. Due to the passage of time since plaintiff's filing of the default motion, plaintiff may file a supplemental motion if it wishes to update the amount that should be paid in prejudgment interest. In addition, defendant GAW Miners, LLC shall pay a civil penalty in the amount of $1,000,000, and defendant ZenMiner, LLC shall pay a civil penalty in the amount of $1,000,000. Plaintiff may also recover post-judgment interest as provided by law. It is so ordered. Signed by Judge Jeffrey A. Meyer on 5/29/2017. (Gruber, Sarah)

Good for the record I guess. Just no way Homero is going to be able to squirm his way out of his day in court.

How does the law work in US? His name is not mentioned. Are officers on the hook personally? Can bankruptcy get him out from under this? Is jail an option for this?

I'm thinking yes to all of the above but would like some clarification.

What officers of this company are on the hook?

I watched 'The Wizard of Lies' - the Bernie Madoff story on HBO last night. I can't help but think that Homero is the crypto version of that sack of shit. Live high on the hog for years and then have his family disintegrate, two sons die, thousands of lives ruined, all because of his scam.

IMO it is an excellent story of karma coming back to bite. The problem is that it bites those who were innocent but caught in his web. I don't think he gave a fuck. I doubt Homero does either.

Robert De Niro is an excellent actor! Homero, not so much.

Gawsome!

maildir

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Quote

Securities and Exchange Commission v. Garza et al

Monday, May 29, 2017

ORDER FOR ENTRY OF DEFAULT JUDGMENT. For the reasons set forth in the attached ruling, plaintiff's motion for default judgment (Doc. #15 ) is granted and it is hereby ORDERED, ADJUDGED, AND DECREED that defendants GAW Miners, LLC and ZenMiner, LLC are jointly and severally liable for disgorgement of $10,078,331 plus $305,768 prejudgment interest. Due to the passage of time since plaintiff's filing of the default motion, plaintiff may file a supplemental motion if it wishes to update the amount that should be paid in prejudgment interest. In addition, defendant GAW Miners, LLC shall pay a civil penalty in the amount of $1,000,000, and defendant ZenMiner, LLC shall pay a civil penalty in the amount of $1,000,000. Plaintiff may also recover post-judgment interest as provided by law. It is so ordered. Signed by Judge Jeffrey A. Meyer on 5/29/2017. (Gruber, Sarah)

Good for the record I guess. Just no way Homero is going to be able to squirm his way out of his day in court.

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Quote from: suchmoon on May 29, 2017, 09:15:53 PM

Anyone remember this meltdown?

https://coinjournal.net/josh-garza-breaks-down-admits-to-working-with-mobsters-going-to-dubai-in-bizarre-post/

Good times.

Never put it together until now with ol Leroy and the Philippines and such...

Garza & Fodor scamming middle eastern mafia could have created ISIS!!!!!!!!!!!!

vancefox

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Quote from: RoomBot on May 29, 2017, 08:29:55 PM

Quote from: vancefox on May 29, 2017, 06:14:53 PM

Ol Garza working at a McDonalds yet? Surely anyone doing a background check on him would come across some things that would make any HR department squirm... well... honorable HR departments......

For a limited time only, the McGarza!
https://i.imgur.com/tcBVhvv.jpg

Should be a sea pig in between them buns... or the famous glass dildo...

suchmoon

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Anyone remember this meltdown?

https://coinjournal.net/josh-garza-breaks-down-admits-to-working-with-mobsters-going-to-dubai-in-bizarre-post/

Good times.

RoomBot

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Quote from: vancefox on May 29, 2017, 06:14:53 PM

Ol Garza working at a McDonalds yet? Surely anyone doing a background check on him would come across some things that would make any HR department squirm... well... honorable HR departments......

For a limited time only, the McGarza!

RoomBot

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Quote from: coinits on May 29, 2017, 07:48:42 PM

Quote from: RoomBot on May 29, 2017, 12:28:32 PM

Don't conflate the 2 investigations / prosecutions.

SEC is a civil suit seeking $10M restitution / fine. That is still on-going. Don't worry, they have ALL the dirt on him. Wink

(It is amazing how much interwebz evidence Garbanzo left behind, LOL.)

US DOJ is prosecuting the Scum Bag for criminal wire fraud.

Apparently even one count of wire fraud carries quite a large sentence, so a plea deal was reached, which will still send his sorry butt to the can for a while.

It's gonna be SA-WEET to see them march his @$$ out of the courtroom in shackles.

How about money laundering for terrorists What happened to that?

I'd say that the FBI is all over that one. Wink

How about appropriating the logos and lying about partnerships with Macy's, Wal-Mart & Amazon?

Stealing graphic designs?

Or the 9/11 memorial scam?

Which one is YOUR favorite?

Inquiring Bots want to know!

coinits

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Quote from: RoomBot on May 29, 2017, 12:28:32 PM

Don't conflate the 2 investigations / prosecutions.

SEC is a civil suit seeking $10M restitution / fine. That is still on-going. Don't worry, they have ALL the dirt on him. Wink

(It is amazing how much interwebz evidence Garbanzo left behind, LOL.)

US DOJ is prosecuting the Scum Bag for criminal wire fraud.

Apparently even one count of wire fraud carries quite a large sentence, so a plea deal was reached, which will still send his sorry butt to the can for a while.

It's gonna be SA-WEET to see them march his @$$ out of the courtroom in shackles.

How about money laundering for terrorists What happened to that?

RoomBot

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Quote from: vancefox on May 29, 2017, 07:22:15 PM

Has his redhead who had her tits showcased for the interwebz to see left his sorry ass yet?

I'd bet good BTC that she never knew about the pics. He's such a lying scammer, after all.

Isn't there a law against emailing that stuff? Tongue

Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 95. (Read 3377790 times)