GAW Miners CEO, Creator of PayCoin Scam, Gets 2 Years in Jail

  • Yuri Molchan
    📰 News

    Homero Joshua Garza admitted guilt in the court after he was charged with making and trading the scam titled PayCoin (XPY). The initial 20-year sentence has been changed

GAW Miners CEO, Creator of PayCoin Scam, Gets 2 Years in Jail

Homero Joshua Garza admitted guilt in the court after he was charged with making and trading the scam titled PayCoin (XPY).

The initial 20-year sentence has been changed for just nearly two years of imprisonment– from 2019 to 2021. However, he will be supervised outside the prison for three years after release and get a half-a-year detention at home.

Apart from doing his time in prison, Garza is obliged to pay $9.2 mln in compensation to investors who suffered from this scam.

Cover image via u.today
Subscribe to U.Today on Twitter,and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings