It's a Duck ...


Another Ponzi Brews

Or, should I call it a PonziGarza. If nothing else the marketing team should be tossed for naming the company BTCGAW, Inc. They might as well just called it BitcoinPonzi scheme, being that GAW (the Ponzi currently sinking ship, with captain Josh Garza at the helm) has become synonymous with a Bitcoin Ponzi scheme, and if it walks like a duck, and it talks like a duck ...

Let's examine

So BTCGaw, Inc. put out press release, oh boy!

MILFORD, DelawareApril 10, 2015 /PRNewswire/ -- BTCGaw Inc. (<> )  is the freshest company on the cryptocurrency market, exposing a highly competitive deal for Bitcoin sellers. TheDelaware-based Bitcoin trader offers 11% more that Blockchain's official rate for Bitcoin sellers all over the world. The company's goal is to achieve as many deals as possible, given its rocket-high budget for Bitcoin purchase under its latest cryptocurrency investment and capital addition policy.

Exhibit A - No Office - 392 Kings Hwy, Milford, DE
Two key points here are "Delaware-based" and "rocket-high budget for Bitcoin purchase" are humorous. A large number of companies formed in Delaware, are shell companies, scam companies, and your basic fly-by-night operations. It's extraordinarily unlikely this is an actual office in Delaware. We decided to check it out, and surprise surprise, it's not even in a business district. It's a residential area (see Exhibit A), secondly, the URL ( is registered to Laila Risan, who is in Norway. Quack!

This video can be found on their website, proclaiming the companies existence and base in Delaware, note the obvious accent, sure sounds more like someone from Norway than it does the USA, but hey, this is the melting pot, so who am I to say anything, other than the fact it's a bit peculiar that the domain name was registered in Norway, and this chick sounds "Norway-ish".

Believable? I'm not sold, for starters the "for more information, visit our website" comment. We did visit it, where do you think we got this? This was more informative than anything on the website, but we found more information from digging the net. Quack!

Furthermore, they state that their "investors" want to take advantage of the low price. WTF? That's completely contradictory of their offering. That's another thing, they are "pooling" together traders, and buyers, yet you can only sell here. If you call losing your coins, "selling", because this is a rather comical, but most certain, black hole for them.

BTCGaw Inc. was founded in July 2014 by a former banking professional who has seen the great potential and opportunity rising out of the cryptocurrency markets and growing along with technology development. Tony Gaw, the company's CEO, is more than optimistic about the future of cryptocurrency, while he does put an effort in keeping a balanced and risk moderated approach of his business and the money he is investing. "It will eventually go mainstream within the financial system and we're not very far from that point, it's only a matter of few years", declared Gaw.

I see, they've been sitting on their ass since July of last year, just waiting until this month to up and decide to buy every Bitcoin on earth?

Tony Gaw? Who the hell is this guy? A little digging shows us that this guy is the president of BTCGaw, Inc. According to his LinkedIn profile anyway, he was the President of Accounting for Microsoft. We couldn't find any record of this, and it was a position he supposedly held for 3 years.

No doubt that the digital currency market is uncertain and probably way too volatile for many of the traditional investors, but BTCGaw has taken the uncertainty risk and transformed it into opportunity risk, putting it almost at the core of its business.The company however, does not plan to thrive on currency speculation solely, but has already undertaken serious negotiations for becoming the exchange house of few major consumer goods online vendors and an important online Casino, who expressed their interest in accepting Bitcoin as payment for their products and services.

"Undertaking Serious Negotiations" with whom? An "important" online Casino? WTF does that mean anyway? These so called organizations, "expressed interest"? My guess is that Tony Gaw clearly did not get laid on prom night, because I do not think he, or anyone, at this place would recognize "expressed interest" even if it bit them in the ass, because they don't know where to buy Bitcoin to the point, they have to put up this silly website. Or wait a minute ... it might just be a good old fashion scam. Quack!

BTCGaw has the appetite and the capabilities to purchase large amounts of Bitcoin, offering a rate which is 11% higher than the official market trend setters'. The company's offer has not come with an expiry date, but it is limited to the time the company's capacity and target is reached – at that point, the offer will be dropped with no prior notice.

Yet, there is no speak of the "limit", or much of anything else , on their website. Just a strange lady telling everyone to send in the Bitcoin, and a handful of "testimonials", which are about as cheesy as the website itself.

All the details related to the offer and other information about BTCGaw, together with the contact details of their Sales Team can be found at their <>. SOURCE BTCGaw Inc.RELATED LINKS

Blah, blah. Quack! Quack! This is a SCAM, and a possible Ponzi, but my guess is that you send your coins to these people, and then sit there with your thumb up your butt waiting for something that is never going to show up. This stinks, and it stinks badly. They likely will pay out a few people to start, only to start sending out delay notices, and ultimately vanish like a fart in the wind. Or worse.

This scam isn't even done well, and they seem to be getting worse by the day. I guess the days of putting some hard work into your scam, and taking pride in how you rip people off, are long gone, and now we're just going to start seeing cheese like this ridiculous website.

The real question I have is, who convinced this chick to do this video? I'd bet she has no clue what this company is, what bitcoins are, or what she just told the entire universe. Which was basically "it's completely safe to come on in and get scammed right up the ass". 

I certainly hope I am wrong, because I do hate being right all the time, but if you look at the track record here,  then you might want to take my advice and DO NOT send these idiots bitcoins, anytime soon ... like ever. 

If you've had any experience with BTCGaw, please let us know! [email protected].

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