I really thought I was done writing about Paycoin, at least for a while, until the hammer comes down in the form of SEC and DOJ raids. Then, media darling, GAW CEO and Paycoin founder Josh Garza drops a gem like this into my lap and my hand is forced. Paycoin will be in the news again, and once again for things it probably doesn’t want to be in the news for.

Late last night, Josh Garza jumped on the hashtalk.ch forum to post an alleged chat between him and former part owner of FastXPY, Phil Vadala. The post was copy and pasted, so there is no way to independently confirm the information. Few would be surprised to find out that the conversation was edited or even completely fabricated. But that isn’t important.

It isn’t important because Josh Garza posted the alleged conversation thinking it would somehow validate his crusade against Phil Vadala over the ownership of some 15 Paycoin Prime Controllers. Instead, he reveals that he allegedly owes Paycoin to “Middle Eastern” and Russia mafia members, and that if Vadala doesn’t pay up, Vadala’s life and family will be at risk.

Prime Controllers are essentially hyper staking wallets that generate 100% interest on the coins deposited into them. Only a few dozen Prime Controllers exist and they are held by several elite groups in the remains of the Paycoin community.

Garza stops short of threatening Vadala physically himself, but makes it very clear that the people Garza says Vadala ripped off are not to be trifled with. He then says that he will give the criminal investors all the information on Vadala possible and that he will attack Vadala from “all sides”.

Assuming the conversation isn’t completely fabricated, this means one of two things: Either at some point in Paycoin’s life, Garza got involved with organized crime investors and promised them the hyper staking prime controllers or, Garza was/is attempting to strong arm Vadala into surrendering the Prime Controllers using the threat of violence.

Garza also admits to spending at least some time in Dubai, which was long suspected by users, but he always denied.

Garza In Dubai

The “any more” part would seem to clash with what he repeatedly told Paycoin users.

Garza cried foul when his information was leaked online, but “doxes” Vadala in this post and possibly to hostile, organized crime elements. The doxxing information has been removed below but other than minor formatting, remains unchanged.

“none, [01.05.15 08:07] I would MUCH rather deal with the SEC than what you’re about to deal with

none, [01.05.15 08:08] Lost of people lost money, and I was saving those coins to make some very large investors whole

none, [01.05.15 08:08] and you took that from them

none, [01.05.15 08:08] I have given them all your information

none, [01.05.15 08:09] Driver’s License: [REDACTED] Date of Issue: [REDACTED]

none, [01.05.15 08:09] Thats all they needed

Phil Vadala, [01.05.15 08:13] You got the wrong licence number, you should update your records.

none, [01.05.15 08:13] keep your family close bud

none, [01.05.15 08:13] thats all I got to say”

Garza has since claimed that he only gave the investors Vadala’s information because they stated they were seeking legal action. That does not explain away the fact that immediately afterwards he told Vadala to “keep your family close bud” or why he also failed to remove the information when posting the conversation online.

Worse still, is a later part of the conversation that implies Garza was providing the likely violent criminals (if they exist at all) with Vadala’s information at least up until the conversation with Vadala (and clearly after he realized they intended to be violent).

Garza Threat max

The basis of the argument: who controls 15 Prime Controllers, is a minor note compared to what Josh Garza posted himself. The truth is that Paycoin will never be a viable coin so long as these Prime Controllers exist (and even then, its reputation has likely killed it) and are staking at 100% or higher, so it barely matters who controls them. Garza has also since claimed that Vadala has stolen more coins and the unsuccessful exchange mineral.com.

But again, that isn’t what is important here: What is important is that Garza is either entangled with organized crime and ended up owing them a lot of money or is using dreamt up organize crime to threaten a former developer and his family.

Garza's Threats 1

Garza Threats 2

The rest of the conversation largely mirrors the snippet above, with Garza strongly implying that men are coming to hurt Vadala if he doesn’t pay up. You can find the whole alleged conversation in the bizarre post, or if it has been removed by the time you read this, the Bitcoin talk forum Paycoin thread should have the relevant information (alternatively, interested readers can email me at iandemartino@gmail.com).

Garza then launched a Google Hangouts Chat where he confirmed that he is controlling the forum account that posted the seemingly damming Skype conversation. In that conversation, Garza claimed to be in the United States but refused to post any information that would confirm his location. He also claimed that he could not have been dumping XPY because he says he doesn’t have the technical knowledge to do so while hiding the fact that he is doing that.

Requests for comment from Josh Garza have gone unanswered, we attempted to ask questions on the public “Voice of Paycoin” Google Hangout, on the forum and through multiple email addresses. We have also contacted Vadala for confirmation on the conversation and other details and will update this space when and if he responds.

Again, the alleged conversation between Garza and Vadala may have been altered or never happened at all. If it did happen, his alleged criminal investors may not or may not exist. Vadala may or may not have some legal or moral claim over the Prime Controllers. I don’t know, because those are inner-Paycoin problems. There are a lot of things we don’t know and will likely never know. But we know this: Josh Garza posted this alleged chat because he thought it would help his cause. He thought people would see him as the sympathetic figure and would help him report Valada to the authorities.

I just want to know what he plans to do when the authorities come for him.

EDIT: Just before publishing, Vadala responded on the forum by posting three Paycoin addresses that he says were used to scrape Prime Controllers onto Cryptsy. This information has not been confirmed independently, and we are currently looking into it. Readers can look at the blockchain information themselves here, here and here. The amounts each address has received sits between 44,000 and 353,000 XPY. All three addresses are currently empty.

Garza finally responded to our emails, stating that he would comment tomorrow, but refused to comment today (despite the fact that it was his comments that sparked this). We will update this space if and when we get actual comments.

Update: Garza has responded to our emails but ignored the bulk of our questions, taking time only to state that the Prime Controller scraping addresses accusations lobbied by Vadala were not true, but failed to elaborate with proof or argument on the manner. He stated simply “They are not accurate”

We will continue to update as necessary.

13 COMMENTS

  1. Instead, he reveals that he allegedly owes Paycoin to “Middle Eastern” and Russia mafia members, and that if Vadala doesn’t pay up, Vadala’s life and family will be at risk.

    Can we just add Russian and Middle Eastern Mafia members to the list of Lies by Homero™? Or are people all of the sudden believing this DoucheCanoe™ again?

    A short muggle starting with the online handle josg21 to, allegedly, ■■■■■ about boob jobs (plastic surgeons) and poor service Mr Homero Garza has since changed to the handle GAWCEO. A while later after tainting the handle GAWCEO a change was made to MrCEO and minerorigin which exist in parallel. In order to, allegedly, attempt confusion over his real name Homero Joshua Garza uses his middle name and mixes up aliases so he is commonly known as Josh Garza or Joshua Garza. On several patents held with Mr. Stuart Fraser Vice Chairman of Cantor Fitzgerald, Garza uses H. Joshua Garza as opposed to H. Josh Garza. Various internet Trolls and FUDsters refer to him as Homero Garza or Homero Josh Garza or just Mr. Scam Muggle. Mr Garza, allegedly, started his entrepreneurship with Optima Computers LLC in Brattleborough Vermont (VT) where he then branched out into the, alleged, oversubscription of Broadband service with his company Great Awk Wireless also called GAW High Speed Internet and shortened to GAW HSI. Having claimed to make millions with this service or sale of the company or something, Mr Garza then went on to the cryptocurrency industry where he, allegedly, applied the same oversubscription techniques to ASIC Mining with his platforms ZenMiner and ZenCloud selling virtual products called the Hashlet and Hashtaker. Sometimes referred to as CashLets, CashTakers and Ponsi's. Through the purported success of said platforms under a conglomerate of companies called Geniuses at Work or GAW for short Mr Garza, allegedly, moved on from GAW Miners LLC to a new company which should have provided a clean slate. Business Technology for Cryptocurrency LLC or BTC LLC for short which matches the domain name BTC.com puportedly purchased for 1.1 Million USD, was born. This company launched several platforms such as PayBase at Paybase.com and paycoin known as XPY. The PayBase platform allegedly destroyed the products PayFlash (gyft) PaySave (zincsave) as well as others. The Paycoin "Currency" allegedly destroyed the concepts of HybridFlex, FundSafe, Huh. After much public scrutiny Mr Homero Joshua Garza married to Jessica Garza then set out to not own the platforms Coinstand at coinstand.com (which used an, allegedly, embezzled codebase called zincsave to purchase from Amazon violating the ToS) and mineral at mineral.com (which used an, allegedly, embezzled codebase called coin-swap). These new ventures were purportedly related to Hong-Kong, hong kong, while rumor persists of Dubai being the real location.

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    • I hear you. I thought I wouldn't post about Paycoin again until the authorities came in, but then he posts about Russian mafia and crazy shit, and honestly, it is too hard to resist.

      • I hope you are sharing these threats with the proper authorities.
        We've had to put up with free-range Homero J. Garza for far too long.
        He belongs under a prison.

        • Ohh hi there bitjane, you banned more of my accounts then I can remeber on Nazi talk but now you understand what I was saying the whole time. You deserve to be in prison with him, for stifling the attempts at whistleblowing. If you can be an accomplice to theft then you should be charged with him.

          BTW good post man, helping to keep this scammer in spotlight only helps people to recover something in the future.

          • Oh… Hi there Rob! Thanks for the opportunity to set things straight. I never banned anyone on HT! I had Mod powers only to build the Wiki. When Garza started deleting posts, I quit, but I remained for a month just to help members get their accounts unlocked before I finally raffled my entire account off to charity, raising $1550 in Bitcoin for Sean's Outpost. Your anger is misdirected. I have been helping, not stifling the many on-going investigations. I was stupid, yes. I had no idea what was really going on until the GetHashing Community came to de-program me! 🙂

  2. Josh Garza belongs in jail, yet again he's trying to deflect his criminal dealings onto other people, what a scumbag he is.

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