Default Judgement Made Against GAW Miners, Josh Garza MIA
- A court has issued a default ruling in favor of the Mississippi Power Company (MPC) in its lawsuit against defunct GAW Miners.
A court has issued a default ruling in favor of the Mississippi Power Company (MPC) in its lawsuit against defunct GAW Miners.
One year ago, GAW, led by CEO Josh Garza, burst onto the crypto scene with a series of major announcements, including very cheap miners (Hashlets) and multimillion dollar acquisitions (BTC.com) and mergers (ZenMiner). The company dubbed itself as GAW ("Geniuses at Work"), coincidentally the same abbreviation as Garza's other venture, Great Auk Wireless.
Amid a flurry of fraud allegations from the crypto community, the operation seemingly scrapped its entire mining operation after a few months, claiming to transition to the world of Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. It was promised that PayBase had forged strategic partnerships with retailers like Walmart and Amazon. Paycoin, "the people's money", would be accepted by these retailers, and was guaranteed a price floor of $20 (it currently trades at $0.028).
Per Finance Magnates predictions, the operation collapsed earlier this year. GAW is being sued by two former customers in Connecticut, as well as MPC for unpaid electricity bills. The company and Garza have been a no-show in both cases.
The United States District Court for the Southern District of Mississippi, Eastern Division has now issued a Judgement by Default against GAW, obligating the company to pay $346,647.29 plus interest and court fees. MPC will be taking action to collect what it is owed.
Nothing has been heard from Garza in months. There have been unconfirmed rumors of the Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission investigating Garza, as well as reports that he sold his home in Massachusetts and that he fled the US.
According to his LinkedIn profile, he is no longer CEO of GAW High-Speed Internet (2004-2012). Instead, he is CEO of Voice Prodigy (2012-Present), as well as Vice Chairman of Smart Tech (2012-Present). There is no mention of activity at GAW Miners.
A court has issued a default ruling in favor of the Mississippi Power Company (MPC) in its lawsuit against defunct GAW Miners.
One year ago, GAW, led by CEO Josh Garza, burst onto the crypto scene with a series of major announcements, including very cheap miners (Hashlets) and multimillion dollar acquisitions (BTC.com) and mergers (ZenMiner). The company dubbed itself as GAW ("Geniuses at Work"), coincidentally the same abbreviation as Garza's other venture, Great Auk Wireless.
Amid a flurry of fraud allegations from the crypto community, the operation seemingly scrapped its entire mining operation after a few months, claiming to transition to the world of Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. It was promised that PayBase had forged strategic partnerships with retailers like Walmart and Amazon. Paycoin, "the people's money", would be accepted by these retailers, and was guaranteed a price floor of $20 (it currently trades at $0.028).
Per Finance Magnates predictions, the operation collapsed earlier this year. GAW is being sued by two former customers in Connecticut, as well as MPC for unpaid electricity bills. The company and Garza have been a no-show in both cases.
The United States District Court for the Southern District of Mississippi, Eastern Division has now issued a Judgement by Default against GAW, obligating the company to pay $346,647.29 plus interest and court fees. MPC will be taking action to collect what it is owed.
Nothing has been heard from Garza in months. There have been unconfirmed rumors of the Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission investigating Garza, as well as reports that he sold his home in Massachusetts and that he fled the US.
According to his LinkedIn profile, he is no longer CEO of GAW High-Speed Internet (2004-2012). Instead, he is CEO of Voice Prodigy (2012-Present), as well as Vice Chairman of Smart Tech (2012-Present). There is no mention of activity at GAW Miners.