Former Employee of Bitcoin Mining Company Under SEC Investigation

A former employee of the collapsed bitcoin mining company, GAW Miners, is currently under investigation by the Securities and Exchange Commission (SEC) for fraud. Carlos Garza was issued a subpoena by a federal judge in Massachusetts to be forced to respond to these allegations.

According to the SEC, millions of dollars were lost in possibly fraudulent sales of bitcoin mining hardware by GAW Miners. Carlos Garza is a former salesman of the company and is the brother of the founder and CEO, Josh Garza.

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Carlos Garza appeared before SEC lawyers in Boston last week for questioning. However, he refused to answer most of the questions. “I’m very scared. I don’t understand, these type of questions, this type of law at all. I want to help, but l’d have to have an attorney present. I can’t afford one at this time, but if I were to get appointed counsel, or retain counsel, then I’d absolutely come back and help,” he said.

The investigation on GAW Miners has been opened early this year, with court filings indicating that the bitcoin mining company took $10 million in sales

Read more ... source: TheBitcoinNews