The GSPartners spinoff Billionico has obtained a securities fraud stop and desist from Texas.
Named respondents within the Texas State Securities Board’s April twenty second emergency stop and desist order embody:
- Billionico Academy, aka Billionico
Daniel von Lison (proper), aka Daniel Markus Lison, Daniel Markus von Lison, Daniel Freiherr, founding father of Billionico- Primus Liquidity Holding Ltd
- Elite Membership World
- Frank Deyle, CEO of Billionico
- Christian Cruz Riander, Gross sales Director of Billionico
Marina Karp (proper), aka Marina v. Lison, spouse/companion of Daniel von Lison- Scott Ifionayi, African President of Billionico
- Christopher Peacock, former GSPartners promoter turned Billionico promoter
- Auratus, Hong Kong shell firm and
- Terry Lee, consultant of Auratus
TSSB notes that after it issued a securities fraud emergency stop and desist towards GSPartners and proprietor Josip Heit (proper),
Frank Deyle, the Advertising Advisor and Advisory Board Member for Swiss Valorem Financial institution Ltd and a promoter of merchandise for GS Companions, started selling Billionico Academy.
Primarily based on collected proof;
Billionico Academy was initially marketed as an academic platform that issued memberships bought by way of commissioned gross sales brokers tied to a multilevel advertising scheme.
Nonetheless, Frank Deyle and others started telling purchasers it will start providing investments on April 19, 2024.
On April 19, 2024, Billionico Academy started providing investments in a digital gold vault issued by Respondent Aractus, represented by Terry Lee, that purportedly secures bodily gold and generates passive revenue utilizing fintech and blockchain know-how.
The investments within the digital gold vault are being illegally, deceptively and fraudulently supplied in Texas and the Securities Commissioner is coming into this Emergency Stop and Desist Order to cease the scheme and defend the general public from fast and irreparable hurt.
Billionico hides fraudulent “digital gold vault” funding scheme behind “academic modules”.
Respondent Billionico is selling academic modules that embody the Kickstarter, Catalyst, Accelerator, and Momentum Builder modules.
Billionico’s academic modules value between 99 to 999 euros every.
The actual Billionico enterprise alternative nevertheless is promoted on personal company calls;
Respondents Billionico, Daniel von Lison, Deyle and Riander are utilizing the company video calls to advertise the educational modules.
They’ve additionally been claiming Respondent Billionico will start providing investments related to as many as 15 totally different companies.
Respondent Billionico initially deliberate to start providing these new merchandise in or round March 2024, however later delayed the launch to April 19, 2024.
On April 19, 2024, Respondents Billionico, Deyle, Daniel von Lison and Rainder introduced that purchasers can buy investments in a digital gold vault issued by Respondent Auratus.
Traders buy the usage of a digital vault to retailer gold known as the TAS Vault.
The acquisition value of the funding is 150, 500, 2500, 7500 or 10,000 euros relying on the amount and/or weight of gold that will likely be saved within the digital vault.
The investments present use of the digital vault for a time period of between 12 and 60 weeks relying on the plan elected by the investor.
After buying the funding, traders enter a queue to affix the digital vault, and, as soon as admitted, the digital vault generates a passive yield shared between the investor and different traders admitted to the digital vault.
Traders are paid commissions for recruiting new traders and earn different compensation by way of a multilevel advertising scheme.
Previous to Billionico delaying the launch of its TAS Vault funding scheme, TSSB reached out to Christian Cruz Riander.
Riander purportedly instructed Director of Enforcement Joe Rotunda, “as of late my schedule is packed. Maybe one other time.”
In BehindMLM’s printed March seventh Billionico overview, we famous the corporate was tied to GSPartners and Josip Heit by way of Heit’s German attorneys, Irle Moser.
Irle Moser is cited as a non-respondent occasion in TSSB’s Billionico fraud order;
In or round February 2024, Irle Moser, an lawyer that has represented GSB Gold Commonplace Company AG and Josip Heit, filed for the phrase mark for Billionico.
Given his submitting for the phrase mark for Billionico, the Enforcement Division is sending a replica of this Emergency Stop and Desist Order to him at Irle Moser Rechtsanwalte PartG, Unter den Linden 32-34, D-10117 Berlin, Alemania.
Different non-respondent events cited in TSSB’s order embody:
- Orbit Conceptum AG, fka Ledger21 AG, PT Poly Buying and selling AG and Romantic SA
- Leon Filipovic, long-time enterprise companion of Josip Heit and principal of Orbit Conceptum AG
CoinX24 AG, “a company receiving and sending correspondence on behalf of Orbit Conceptum AG”, managed by Felix Honigwachs (proper), cited as “a Member of the Advisory Board of the Zahlmann Household Workplace (Zafao World)
Having performed a radical investigation into Billionico, TSSB concluded;
Respondents Billionico, Primus Liquidity Holding, Elite Membership World, Daniel von Lison, Marina von Lison, Deyle, Riander, Ifionayi, Peacock, Auratus and Lee haven’t been registered with the Securities Commissioner as sellers or brokers at any time materials hereto.
The investments within the digital vault issued by Respondent Auratus haven’t been registered by qualification, notification or coordination, and no allow has been granted for his or her sale in Texas at any time materials hereto.
Due-diligence disclosure failings associated to Billionico, Daniel von Lison, Primus Liquidity Holding, Elite Membership World, Marina von Lison, Frank Deyle (proper), Christian Cruz Riander, Scott Ifionayi, Christopher Peacock are additionally cited.
Right here’s one instance;
In reference to the supply of the securities described herein, Respondents Daniel von Lison, Marina von Lison and Elite Membership World are deliberately failing to reveal any details about the partnership between Respondent Elite Membership World and Zafao World and partnerships with different companies managed by Dirc Zahlmann, a respondent lastly named in Order No. ENF-23-CDO-1879, similar to Zahlmann Improvements, and this data constitutes materials info.
TSSB’s order establishes that
1. The investments in digital vaults issued by Respondent Auratus are securities as that time period is outlined in Part 4001.068 of the Securities Act.
2. Respondents are violating Part 4003.001 of the Securities Act by providing securities on the market in Texas at a time when the securities usually are not registered with or permitted by the Securities Commissioner.
3. Respondents are violating Part 4004.051 of the Securities Act by providing securities on the market in Texas with out being registered pursuant to the provisions of Part 4004.051 of the Securities Act.
4. Respondents are partaking in fraud in reference to the supply on the market of securities.
5. Respondents are making provides containing statements which might be materially deceptive or in any other case prone to deceive the general public.
6. Respondents’ conduct, acts, and practices threaten fast and irreparable public hurt.
And consequently;
It’s subsequently ORDERED that Respondents instantly CEASE AND DESIST from providing on the market any safety in Texas till the safety is registered with the Securities Commissioner or is obtainable on the market pursuant to an exemption from registration underneath the Texas Securities Act.
It’s additional ORDERED that Respondents instantly CEASE AND DESIST from performing as securities sellers, brokers, funding advisers, or funding adviser representatives in Texas till they’re registered with the Securities Commissioner or are performing pursuant to an exemption from registration underneath the Texas Securities Act.
It’s additional ORDERED that Respondents instantly CEASE AND DESIST from partaking in any fraud in reference to the supply on the market of any safety in Texas.
It’s additional ORDERED that Respondents instantly CEASE AND DESIST from providing securities in Texas by way of a suggestion containing an announcement that’s materially deceptive or in any other case prone to deceive the general public.
As with the unique GSPartners emergency stop and desist, the Billionico Respondents have 31 days to problem TSSB’s April twenty second order.
As a part of collected proof, TSSB’s fraud order additionally goes into GSPartners committing securities fraud by way of its Swiss Worth shell firm.
Starting in or round January 2024, GS Companions Shoppers have been in a position to entry their accounts by logging into swissvalue.information (the “Swiss Worth Web site”) utilizing the identical e mail addresses, identical passwords and identical two-factor authenticators beforehand used to entry their accounts by way of the GS Companions Web site and the GS Professional Web site.
The Swiss Worth Web site was a “model” of Brein Belief & Wealth Kommanditbolag (“Brein Belief”), a restricted partnership organized on or about April 28, 2023, with Bolagsverket, the Swedish Firms Registration Workplace.
Respondent Deyle managed Brein Belief as follows:
A. Respondent Deyle has been the only real restricted companion of Brien Belief, and
B. Respondent Deyle has additionally been serving as the only real principal of Brein
Worldwide Administration LTD (“Brein Worldwide”). Brien Worldwide is an entity organized in the UK with Firms Home that has been serving as the overall companion of Brein Belief.
Starting in or round March 2024 or April 2024, the Swiss Worth Web site ceased representing the Swiss Worth Web site was a model of Brein Belief. It started representing the Swiss Worth Web site was a model of Swiss Worth Liquidity Holding LTD (“Swiss Worth Liquidity Holding”).
On April 27, 2023 – the identical day Swiss Worth Liquidity Holding was organized within the Marshall Islands – Respondent Primus Liquidity Holding was additionally organized within the Marshall Islands.
Respondent Primus Liquidity Holding was assigned Entity Quantity 119772 – the subsequent sequential quantity following the Entity Quantity assigned to Swiss Worth Liquidity Holding.
Respondent Primus Liquidity Holding purportedly owns Respondent Billionico, and it purportedly refers to Respondent Billionico as its model.
TSSB additionally confirms GSPartners and Josip Heit have challenged the unique November 2023 GSPartners emergency fraud stop and desist order.
Order No. ENF-23-CDO-1879 is being challenged by Josip Heit, GS Companions and different company respondents.
That is the primary affirmation we’ve gotten concerning GSPartners, Heit and TSSB’s November 2023 order.
It’s anticipated a listening to will likely be scheduled sooner or later. This may give Heit and GSPartners a chance to argue why securities fraud is authorized in Texas.