March 18, 2015
Following a troublesome month for GAW, in the midst of a SEC investigation. As well as a former Gaw manager coming forward and claiming the 8 million dollar ZenMiner investment was a “total lie” CEO Joshua Garza announced on a private Paycoin forum, the launch of a new website called CoinStand, allowing users to purchase goods with the currency at a $20 value. This coming months after the $20 floor promise, also the $20 Paycoin buyback program, both of which never surfaced, leaving many investors doubtful of the new promise by the CEO.
More worrisome than the release of the new website, is the link to a well known altcoin developer, Carsen Klock who would use premines to make a quick buck off of people he could fool into investing in his coins. The initial link was discovered when all 404 error pages on coinstand.com included a link to a Carsen owned webpage. All mentions of this on the Hashtalk Forum have been deleted, a similar tactic in previous GAW endeavors.
Carsen’s linkedin page also contains info confirming the GAW link:
A quick google search of Carsen Klock will pull up many of his recent coins and scams: