Cointelegraph investigates the murky web of incidents connected with the Bitconnect heist, from Texas to Gujarat. An American musical prelude Bitconnect, the now-defunct crypto lending and exchange platform that has been ousted as a ruinous Ponzi scheme, has memorably been compared by the Silver Miller law firm to the fleeting 2011 Broadway musical “Wonderland,” based… Continue reading Exit Scam in Wonderland: Bitconnect’s Tentacles From Texas to Gujarat
Category: Ponzi Scheme
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CEO Behind GAW Miners, PayCoin Ponzi Scheme Sentenced to 21 Months in Prison
The CEO of now-defunct GAW Miners has been sentenced to 21 months in prison and ordered to pay $9.2 million in restitution to investors. Homero Joshua Garza, the CEO of the now-defunct U.S. crypto firm GAW Miners, has been sentenced to 21 months in prison for defrauding investors, local news agency Hartford Business reports Thursday,… Continue reading CEO Behind GAW Miners, PayCoin Ponzi Scheme Sentenced to 21 Months in Prison