Busted: Texas Man Gets 2 Years in Prison for $9 Million Crypto Ponzi Scheme

[kreslik.news]

A Texas resident has been sentenced for his involvement in a $9 million digital currency ponzi scheme involving several fraudulent crypto mining companies, according to a report by Patch. 33-year-old Homero Joshua Garza was sentenced to 21 months in prison and three years of supervised release. Garza will be required to spend the first six months of his supervised released in house arrest.

Garza was also ordered to pay restitution in the amount of $9,182,000

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Garza allegedly operated four fraudulent crypto mining companies from 2014 to 2016: GAW, GAW miners, ZenMiner, and ZenCloud. The four ... (read more)