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.

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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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