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Business Profile

Virtual Currency

Gold Hawgs Development Corp

This business is NOT BBB Accredited.

Find BBB Accredited Businesses in Virtual Currency.

About

Important information

  • Pending Government Action:
    Government Action: BBB reports on known government actions involving business’ marketplace conduct:
    U.S. SEC v Paul A. Garcia
    The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the government's allegations, which have not yet been proven.
     
    On January 18, 2022, the U.S. Securities and Exchange Commission filed complaint against Paul A. Garcia, 50% owner and Chief Financial Officer of Gold Hawgs Development Corp.
     
    The SEC complaint alleges that Garcia raised $400,000 from investors in 2019 for the creation and promotion of a new cryptocurrency called the “Gold Hawg” token. The complaint further alleges that Garcia misappropriated approximately $123,000 of the money raised by transferring investors’ funds from Gold Hawgs’ bank account to an account in the name of Office Guru Franchise Group, Inc., which he also controlled. The SEC also accuses Garcia of using the funds for various expenses unrelated to Gold Hawgs’ business.
     
    The SEC is seeking a permanent injunction, disgorgement of all ill-gotten gains plus prejudgment interest and a civil penalty.
     
    For more information, contact the U.S. Securities and Exchange Commission at 303-844-1000.

Business Details

BBB File Opened:
2/1/2022
Business Started:
8/2/2019
Type of Entity:
Corporation
Alternate Names:
Gold Hawgs
Business Management:
Mr. Paul A Garcia, Co-Owner

Additional Contact Information

Principal Contacts
Mr. Paul A Garcia, Co-Owner
Customer Contacts
Mr. Paul A Garcia, Co-Owner

Additional Information

Business Categories
Virtual Currency

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