GSPartners and three Canadian promoters have acquired a brief order from the British Columbia Securities Fee.
The order is a part of a “coordinated U.S.-Canada enforcement motion”, concentrating on GSPartners.
The three named Canadian GSPartners promoters are Haidy Nitsa Nakos, Tanya Sue Cloete and James Bruce Gardiner.
Nakos, who has since fled Canada for Greece, is likely one of the highest ranked GSPartners promoters.
BCSC states the intention of its order is to “cease the promotion of an funding product referred to as “MetaCertificates.””
By means of MetaCertificates, GSPartners solicits funding on the promise of as much as 5% every week. BCSC claims it’s
involved that the excessive and constant returns touted in promotions of GSPartners and MetaCertificates are unlikely or unattainable to attain by authorized means, and is a standard signal of funding fraud.
In different phrases, BCSC suspects GSPartners is a Ponzi scheme.
The non permanent order towards Haidy Nitsa Nakos, Tanya Sue Cloete, James Bruce Gardiner, who BCSC employees consider are B.C. promotors of MetaCertificates, and GSB Gold Normal Financial institution Ltd. (doing enterprise as GSPartners), GSB Gold Normal Company AG and Swiss Valorem Financial institution Ltd., prohibits them from partaking in promotional actions by or on behalf of GSPartners.
The order additionally prohibits:
-Nakos, Cloete, Gardiner and GSPartners and its associated entities from disseminating to the general public, or authorizing the dissemination to the general public, any data or document regarding securities of GSPartners, and
-The buying and selling of securities of GSPartners.
BCSC’s non permanent order expires on December 1st. It’s anticipated additional motion towards GSPartners will probably be taken.
BCSC beforehand issued a GSPartners securities fraud warning on Could thirtieth. Comparable fraud warnings have been issued by Ontario, Alberta (G999 and GSTrade), Quebec, Alberta and Saskatchewan.
Within the US Texas, Alabama, Washington and California have issued GSPartners fraud warnings and/or orders.
BehindMLM has additionally beforehand confirmed ongoing SEC and CFTC investigations into GSPartners.