December 01, 2015 BY LeapRate Staff

SEC charges Josh Garza in Bitcoin mining Ponzi scheme fraud

The US Securities and Exchange Commission (SEC) today charged two Bitcoin mining companies and their founder with conducting a Ponzi scheme that used the lure of quick riches from virtual currency to defraud investors. The SEC alleges that Josh Garza perpetrated the fraud through his Connecticut-based companies GAW Miners and ZenMiner by purporting to offer shares…

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