If this is true then I advise everyone to steer well clear of this mess.
Josh Garza is a serial scam artist.
It's not even in doubt at this point, there's an entire thread about his last operation (the paycoin fiasco).
"(CPIG) was formed as a byproduct of the fallout from the demise of GAW Corp, GAW Miners..."
"Members of the CPIG stand with GAW founder, Josh Garza..."
For Immediate Release:
Walnut, CA – A group of investors from around the world has formed the Crypto Private Investors Group, an entity focused on advocating, fostering and promoting cryptocurrencies. The Crypto Private Investor Group to help gain greater worldwide adoption of cryptocurrencies like Bitcoin, Paycoin and other digital coins collectively known as altcoins.
The Crypto Private Investor Group (CPIG), seeks to build trust and professionalism in the cryptocurrency category while fostering, promoting and creating utility and adoption of cryptocurrencies building towards a global marketplace. To this end, CPIG will help support the creation of tools and payment devices leveraging methodologies that are easily recognizable, trustworthy and offer a high-level of security among users. CPIG will endeavor to overcome negative the negative impact of high-visibility public failures within a highly volatile category.
The Crypto Private Investor Group (CPIG) was formed as a byproduct of the fallout from the demise of GAW Corp, GAW Miners and its affiliated companies, entities that operated in the cryptocurrency digital financial category. As the name suggests, the CPIG is comprised of a group of private investors from around the world and are from a diverse professional background serving as scientists, professors, technology leaders, engineers and more all of whom are seeking to help realize the original mission of GAW and its affiliated companies. Members of the CPIG stand with GAW founder, Josh Garza, yet serve as an independent entity and collaborative, born of advocates of the cryptocurrency community.
The intent of GAW, and in particular its founders, was to create and promote cryptocurrencies and in particular PayCoin, a fledgling albeit promising altcoin that is in function and utility similar to Bitcoin. Cryptocurrencies, as a whole, have the ability to create a new payment / financial consideration system. Inherent in a cryptocurrency payment system are features such as lower merchant and consumer costs, significantly greater security and the possibility of creating a single currency…a digital currency that crosses boarders throughout the world creating a global marketplace where commerce flows easily.
The CPIG will seek to quiet the maelstrom swirling around the crypto category. To undo the negative impact, outcome and perception from circumstances like Mt. Gox and those that seek to undermine the category’s success through the use of highly sensationalized media covering the category based upon conjecture versus fact.
The CPIG will be impartial and coin agnostic, serving as a guiding light to the future of cryptocurrency and its utility and adoption in a global marketplace.
For more information about the Crypto Private Investor Group or to get involved in the group’s efforts, visit www.cryptoprivateinvestorgroup.org