GAW Mining sued for breach of contract

defcon23

legendary

Activity: 1120

Merit: 1002

Quote from: rememberme on April 10, 2015, 04:11:13 AM

SUED by mississippi electric company for not paying bills. How much of a scammer is Josh Garza?

http://www.coindesk.com/gaw-miners-breach-contract/

there's a lready a discusssion open on this Wink

--------> https://bitcointalksearch.org/topic/m.11043035

LiteCoinGuy

legendary

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In Satoshi I Trust

for more infos about GAW:

https://bitcointalksearch.org/topic/m.11043402

Somekindabitcoin

hero member

Activity: 518

Merit: 500

His exit plan was already put into action since he started converting hash power into hashlets and then into hashstakers so he wouldn't have to worry about running the miners anymore.

I hope he does get arrested. I also hoped that Karpeles got arrested, but he didn't. We'll see.

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

That doesnt come as a surprise after all the things he pulled up both recently and over a larger period of time, his intention is soley to make as much money
as he can, not caring who he hurts in the process of doing so.
If he can pull one of the great scams, why not smaller one like "breaching a contract"
He milked out his provious adventures, and with the "minerals" , he will probably do the same, so it would be best to avoid both him and his bussinesses.

cheers

Somekindabitcoin

hero member

Activity: 518

Merit: 500

Josh is just looking for ways to make extra money. He pumps paycoin every few months with something like Paycoin being pegged to 20 bucks (even though it never actually happened; Maybe for a few seconds).

Now he may pump it again so he could pay for his electricity bills.

Hazir

legendary

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★Nitrogensports.eu★

Quote from: hamburger on April 10, 2015, 07:11:12 PM

Yea, how quickly was I silenced by an overzealous forum moderator when I dared to post that they will have their 15 minutes of fame on American Greed since their whole business model was based on a Ponzi scheme!

I really do not know if it was their intention to set it up as a Ponzi, however, that was the end result. Fortunately for me, I pulled out of the mess while breaking even.

I, myself was overhyped for GAW in the past, I thought it is the greatest and sincere company and they will change bitcoin world. I liked how they were good reseller of mining hardware and from that I thought they cloud mining service was ok. But when they created PayCoin I knew it was a bad move, and I was right. Now they are not even being sued by electric company? What a downfall.

hamburger

full member

Activity: 241

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Yea, how quickly was I silenced by an overzealous forum moderator when I dared to post that they will have their 15 minutes of fame on American Greed since their whole business model was based on a Ponzi scheme!

I really do not know if it was their intention to set it up as a Ponzi, however, that was the end result. Fortunately for me, I pulled out of the mess while breaking even.

NUFCrichard

legendary

Activity: 1218

Merit: 1003

Quote from: rememberme on April 10, 2015, 04:11:13 AM

SUED by mississippi electric company for not paying bills. How much of a scammer is Josh Garza?

http://www.coindesk.com/gaw-miners-breach-contract/

How do you not pay your electricity bill as a large electricity using company?
I thought they would cut you off pretty swiftly if you didn't pay.

I think that would happen to me if I didn't pay my bills! or at least that is what I was always told.

rememberme

sr. member

Activity: 415

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And he is still tweeting about his new exchange minerals, what a fucking tool.

crazyivan

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DMD Diamond Making Money 4+ years! Join us!

Quote from: DarkHyudrA on April 10, 2015, 05:53:51 AM

Source?
And well, paying his bills is much less of a problem compared to paycoin and the whole cloud mining shit.

There is an article on Confire and all other major portals. About $350k in liabilities.

DarkHyudrA

legendary

Activity: 1386

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English <-> Portuguese translations

Source?
And well, paying his bills is much less of a problem compared to paycoin and the whole cloud mining shit.

rememberme

sr. member

Activity: 415

Merit: 250

SUED by mississippi electric company for not paying bills. How much of a scammer is Josh Garza?

http://www.coindesk.com/gaw-miners-breach-contract/

Topic: GAW Mining sued for breach of contract (Read 705 times)