Court record · Homero Joshua “Josh” Garza

What was ordered, who owes it, and what overlaps.

There is no defensible public number for Garza’s current unpaid balance. The orders involve different debtors, payment credits, joint liability, and a conditional penalty.

Signed judgment or criminal order Allegation or unresolved amount Verified payment source

Personal GAW-era obligations

$9,924,774 in face-value orders before credits.

That figure is not the amount still outstanding today. It combines the restitution principal and separate SEC prejudgment interest.

Criminal judgment

United States v. Homero Joshua Garza

Garza pleaded guilty to wire fraud. In 2018 the court sentenced him to 21 months in prison and ordered $9,182,000 in restitution to victims.

A 2022 filing says probation reviewed his finances and the court increased his payment schedule to $3,000 per month. The public filing does not disclose income, assets, Bitcoin holdings, payments to date, or the remaining balance.

Criminal judgment PDF Restitution order 2022 financial filing

Case: 3:17-cr-00158
Restitution: $9,182,000
Sentence: 21 months
2022 schedule: $3,000/month

SEC consent judgment

SEC v. Garza

The 2017 personal judgment ordered $9.182 million disgorgement, expressly deemed satisfied by the criminal restitution, plus $742,774 in prejudgment interest. It was entered by consent rather than default.

Personal SEC judgment PDF SEC release

Case: 3:15-cv-01760
Disgorgement: $9,182,000
Overlap: Same restitution
Separate interest: $742,774

Private civil litigation

Investors sued Garza, then dismissed him.

Settlement funded

Audet et al. v. Fraser et al.

The investor class originally sued Garza, Stuart Fraser, GAW Miners, and ZenMiner. A federal ruling says the plaintiffs later dropped all claims against Garza; Fraser said the dismissal was in exchange for Garza’s cooperation and information.

The case continued against Fraser and concluded with a $3.5 million cash settlement funded entirely by Fraser in three installments. It was a gross fund before attorneys’ fees, administration, and approved incentive awards.

Settlement agreement Federal ruling

Case: 3:16-cv-00940
Settlement: $3,500,000
Paid by: Stuart Fraser
Garza result: Claims dismissed

Texas / Nomad Internet

An $8 million agreed, joint judgment.

Garza is one of several individual and corporate defendants. Joint-and-several liability permits collection from any liable defendant until the shared obligation is satisfied; it does not mean each defendant separately owes another $8 million.

Agreed judgment

State of Texas v. GEV IO, LLC d/b/a Nomad Internet et al.

The judgment schedules $5 million: $2 million in consumer relief, $1 million in attorney’s fees, and $2 million in unabated civil penalties. A further $3 million is abated for four years and becomes payable only for a defendant whom the court finds materially violated the judgment.

The agreement states that it is not an admission and that the defendants deny Texas’s allegations.

Signed Texas judgment PDF Jessica Garza’s role

Case: C2023-0560B
Scheduled: $5,000,000
Conditional: $3,000,000
Liability: Joint and several

Do not assign company debt to a person

GAW and ZenMiner’s defaults are corporate-only.

Corporate default

SEC judgment

GAW Miners and ZenMiner were ordered jointly to pay $10,384,099 in disgorgement and interest, plus a separate $1 million penalty for each company—a nonduplicative total of $12,384,099.

Read the corporate default judgment

Accounting caution

Not Garza’s personal subtotal

Corporate judgments may relate to conduct he controlled, but legal debtor identity matters. They should not be mechanically added to his personal current balance.

Bottom line Garza’s personal GAW-era face amount is $9,924,774 before payments and credits. His Texas exposure is part of a $5 million active joint obligation, potentially plus $3 million conditional—not a proven personal unpaid balance of $5–8 million.