The newest iteration of GSB Gold Commonplace Company’s ongoing collection of fraudulent funding schemes has collapsed.
As per a June twentieth edit to Auratus Gold’s web site phrases and situations;
Solely gold bought in The Auratus Commonplace on-line store may be positioned within the TAS Vaults
This product is now not on the market ( as of twenty-two/06/2024)
Auratus Gold’s fraudulent funding scheme noticed traders, principally GSPartners promoters and victims from Australia, make investments as much as €10,000 euros in internally generated TAS Gold tokens.
The tokens have been then parked in a digital “TAS Vault”. This was performed on the promise of periodic “vault cycle” passive returns.
TAS Vault returns have been paid in TAS Gold, which traders might theoretically money out till Auratus Gold inevitably collapsed.
Auratus Gold represented invested euros have been tied to bodily gold. Resulting from a scarcity of regulatory compliance nevertheless, the one verifiable income getting into Auratus Gold was new funding.
Shell corporations hooked up to Auratus Gold included:
- Helvetic Digital Finance AG (Switzerland)
- TAS Helvetic Gold Buying and selling LLC (Dubai)
- DX and One Belief LTD (Bulgaria)
- MTX Finance LLC (Montana, US) and
- Hyperlink Genius Portal LLC (Dubai)
Auratus Gold’s web site phrases and situations suggests investor fund have been, partly or in any other case, laundered by way of third-party processor Zai.
ZAI Card:
1. ZAI Card is a promotional product solely
2. ZAI Card permits TAS Card holders elevated storage capability of bodily gold and TGPs loyalty factors.
Zai markets itself as a “cost assortment platform” based mostly out of Australia. As of April 2023, the corporate is headed up by CEO Shamus Hodgson.
Since launching just a few months in the past, Auratus Gold already caught the eye of the Texas State Securities Board. The monetary regulator named Auratus Gold as a part of a wider effort by GSB Gold Commonplace Company effort to defraud shoppers.
GSB Gold Commonplace Company is a German firm owned by Josip Heit (proper).
By way of GSB, Heit has launched a number of fraudulent funding schemes relationship again to 2021.
Auratus Gold’s collapse follows the latest arrest of a GSPartners promoter in South Africa, termination of GSB’s official YouTube channel and scrubbing of GSPartners’ social media accounts.
Josip Heit is believed to be holed up in Dubai. He hasn’t made any public appearances or communications since mid 2023.
The end result of a number of US federal investigations into GSB and Heit stay pending.