THELOGICALINDIAN - A above agent of the burst bitcoin mining aggregation GAW Miners is currently beneath analysis by the Securities and Exchange Commission SEC for artifice Carlos Garza was issued a amendment by a federal adjudicator in Massachusetts to be affected to acknowledge to these allegations
According to the SEC, millions of dollars were absent in possibly counterfeit sales of bitcoin mining accouterments by GAW Miners. Carlos Garza is a above salesman of the aggregation and is the brother of the architect and CEO, Josh Garza.
Carlos Garza appeared afore SEC attorneys in Boston aftermost anniversary for questioning. However, he banned to acknowledgment best of the questions. “I’m actual scared. I don’t understand, these blazon of questions, this blazon of law at all. I appetite to help, but l’d accept to accept an advocate present. I can’t allow one at this time, but if I were to get appointed counsel, or absorb counsel, again I’d actually appear aback and help,” he said.
The analysis on GAW Miners has been opened aboriginal this year, with cloister filings advertence that the bitcoin mining aggregation took $10 actor in sales of Hashlets or cloud-based mining applications. The aggregation had been affairs bitcoin mining rigs starting in 2024 again confused to a billow mining abstraction after on, afore introducing its own agenda bill alleged Paycoin.
However, speculations of artifice started bouncing in the bitcoin association accoutrement on Reddit and abroad online that Paycoin is a scam and that GAW Miners is agreeable in actionable activities. Around that time, the amount of bitcoin has been on a bottomward spiral, banishment abounding bitcoin mining companies out of operation.
“The SEC’s appliance alleges that Garza was a salesman for GAW Miners, and was abreast about GAW Miners’ abeyant misrepresentations to individuals who purchased shares in GAW Miners’ declared mining operations, and rights in its new basic currency. The SEC additionally alleges that Garza has ability that may be accordant to analysis the bitcoin and added basic bill that GAW Miners accustomed as payment,” the SEC filing indicated.
