GAW was founded by Homero Garza, who started selling the expensive computer equipment used to solve the complex mathmatical equations that are part of the process of mining for virtual currency, such as Bitcoin. Garza later moved to Bloomfield and into the business of encouraging investors to buy in to joint mining operations and share in income through virtual currency GAW created, such as Hashlets. The evidence suggests that Garza began operating the business as a Ponzi scheme, using money received from new investors to pay dividends to older investors.

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