GSPartners and twenty different Josip Heit related corporations have acquired a securities fraud warning from the Bahamas.
As per the Securities Fee of the Bahamas’ August seventh Public Discover;
It has come to the eye of the Fee that an entity known as GSB GOLD STANDARD BANK LTD.
(GS PARTNERS) doing enterprise as (d/b/a), SWISS VALOREM BANK LTD. and by different designations (listed beneath), could also be conducting actions which are both registrable/licensable or unlawful beneath a number of of the Acts.
GSPartners related corporations cited by the SCB embody;
- GSPartners (gspartners.international)
- G999 (g999main.internet)
- Gold Normal Companions (gspartners.international)
- GSPartners and GSP
- GS Companions World
- GS Sensible Finance
- GS Commerce Trade (gstrade.alternate)
- GSB Gold Normal Financial institution LTD (gspartners.international)
- GSB Gold Normal Banking Company PLC
- GSB Gold Normal Pay
- GSB Gold Normal Pay LTD (gstrade.alternate)
- GSB Gold Normal Commerce (gspartners.international)
- GSDEFI (gspartners.international)
- GS Digital Companions LLC (GSPRO) (gspro.community)
- GSP (gspartners.international)
- GSPartners (gspartners.international)
- GSTrade (gspartners.international)
- Lydian World (lydian.world)
- Swiss Valorem Financial institution LTD (swissvalorembank.com)
- WealthBuilders Worldwide
The Fee is knowledgeable that GS Companions representatives have marketed and have promoted their actions and funding packages in or from inside The Bahamas, and have carried out recruitment workouts on this jurisdiction via in-person seminars and social media.
The Fee hereby advises the general public that none of those entities or their brokers/representatives are registered with/licensed by the Fee.
Moreover, not one of the listed entities have utilized to be registered/licensed by the Fee.
Due to this fact, any registrable/licensable or criminal activity carried out, in or from inside The Bahamas, by these entities and their brokers/representatives is in violation of a number of of the Acts.
Except WealthBuilders Worldwide, all the GSPartners related entities cited by BSC are run by Josip Heit (proper).
WealthBuilders Worldwide, aka WealthBuilders World, was a prime promoter group inside GSPartners, run by Michael Lynn “El” Dalcoe and Nathaniel Hines.
GSPartners was a fraudulent funding scheme whose final Ponzi ruse noticed it solicit funding via “metacertificates”.
Following a number of regulatory warnings from Canadian provinces in early 2023, GSPartners tried to rebrand as Swiss Valorem Financial institution in Might 2023.
Swiss Valorem Financial institution was dropped inside a couple of months and by no means talked about once more.
In direction of the top of 2023 GSPartners continued to obtain regulatory fraud warnings, notably over a dozen from the US alone.
GSPartners went on to break down in December 2023. A GSPro reboot was instantly introduced however deserted shortly after.
Billionico and Auratus emerged in March 2024 as extra reboot makes an attempt. Billionico was a bizarre “elite membership” pyramid scheme, Auratus was a continuation of GSPartners’ securities fraud via “TAS Vault”.
The Texas State Securities Board was fast to difficulty a Billionico and Auratus fraud warning in April 2024. As such promotion of Billionico and Auratus was principally localized to South Africa and Australia.
Billionico and Auratus recruitment in South Africa collapsed following the arrest of a outstanding GSPartners promoter in June 2024.
Later that very same month Auratus’ TAS Vault funding scheme collapsed. A number of days in the past BehindMLM documented an Auratus reboot funding scheme.
Basically a rebranding of GSPartners’ “metacerticates”, Auratus’ newest fraudulent funding scheme is run via “Zai Playing cards” and “gold factors”.
Since GSPartners collapsed, Josip Heit has principally caught to hiding out in Dubai. Often Heit travels to international locations with out a US extradition treaty, or these he holds a passport with.
Australian promoters of Auratus have been summoned to Croatia for a secret assembly with Heit earlier this month.
At time of publication complete GSPartners investor losses stay unknown. A number of US federal investigations into GSPartners, related corporations and Heit are ongoing.