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

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Fri, 14/09/2018 - 8:59
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GAW Miners CEO, Creator of PayCoin Scam, Gets 2 Years in Jail
Cover image via U.Today
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Homero Joshua Garza admitted guilt in the court after he was charged with making and trading the scam titled PayCoin (XPY).

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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.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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