The former CEO of defunct cryptocurrency mining company GAW Miners will plead guilty to a federal wire fraud charge later this week, according to individuals with knowledge of the case.
Josh Garza will appear in court on July 20 to face the charge, which is connected to an investigation conducted by the US Department of Justice through the US Attorney’s Office in the District of Connecticut.
The case, which has been previously reported but not yet been subject to any public court filings, is distinct from that pursued by the US Securities and Exchange Commission (SEC), which sued Garza and GAW Miners for alleged securities fraud in late 2015. Its existence was confirmed in a defense filing from February.
Word that Garza would plead guilty to the charge emerged through statements by former customers who had spoken with federal investigators and later shared letters from the Department of Justice detailing the pending plea deal.