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Justice Department


Josh Garza, the CEO of the now-defunct cryptocurrency mining company GAW Miners, has been sentenced to 21 months in prison after pleading guilty to a wire fraud charge. Garza was given six months home confinement as part of a 3-year probationary period following release. Thursday’s sentencing caps a years-long saga that began in 2014, with …

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The Justice Department has filed charges against the founders of an initial coin offering endorsed by heavyweight champion Floyd Mayweather, Jr., adding to the allegations levied Monday by the Securities and Exchange Commission (SEC). Sohrab Sharma and Robert Farkas were arrested and hit with charges of fraud, as CoinDesk previously reported after the SEC filed …

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