Newslink: Josh Garza Sentenced to Prison and Fined $9M over GAW & Paycoin Scam

in #newslink • 6 years ago

U.S. Attorney’s Office District of Connecticut has announced Homero Joshua Garza (Josh Garza) has been sentenced to “21 months of imprisonment, followed by three years of supervised release, the first six months of which [Mr. Garza] must spend in home confinement, for his role in his companies’ purported generation and sale of virtual currency.” The so-called stablecoin founder was also ordered to pay restitution of more than $9 million. After sentencing, he was released on bond, having been also ordered to report for incarceration at the start of next year.

https://news.bitcoin.com/josh-garza-imprisoned-and-fined-9m-over-gaw-paycoin-scam/

#bitcoin #cryptocurrencypaycoin #scam
6 years ago in #newslink by
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