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Former Local Business Owner Under Federal Investigation

An interesting story out of Vermont as the Brattleboro Reformer is reporting that a former local businessman is being investigated by several federal entities on accusations of running a Ponzi scheme.

The newspaper reports that 30-year-old Homero Joshua Garza is being investigated by the Securities and Exchange Commission, the Federal Trade Commission, the Department of Homeland Security, and the IRS in regards to claims be defrauded customers at several businesses he founded. These include Great Auk Wireless and Optima Computers in Brattleboro.

According to a release from the Securities and Exchange Commission, who are asking a federal judge in Connecticut for an award of more than $10 million dollars, “Most investors paid for a share of computing power that never existed.”

It went on to say that “returns paid to some investors came from proceeds generated from sales to other investors.”

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