Along with GSPartners executives Dirc Zahlmann and Bruce Hughes, it’s been revealed that Billionico CEO Frank Deyle additionally attended a latest advertising occasion held in Queensland, Australia.
Additionally current was Terry Lee, a cited consultant of Auratus.
Frank Deyle took to the stage at a minimum of one occasion, cited as Billionico’s CEO.
Deyle additionally posed for images with Australian Auratus promoters.
Deyle is an affiliate of GSPartners CEO Dirc Zahlmann. The pair have been working collectively since Healy World circa 2020.
Deyle and Zahlmann left Healy World to hitch GSPartners in or round 2021.
Not a lot is understood about Terry Lee. He seems to be a random frontman primarily based out of Hong Kong.
Each Deyle and Lee have been cited Respondents in a Billionico securities fraud stop and desist, issued by the Texas State Securities Board in April 2024.
Order No. ENF-23-CDO-1879 is being challenged by Josip Heit, GS Companions and different company respondents.
It’s, nevertheless, last and never topic to enchantment because it pertains to Swiss Valorem Financial institution Ltd, Dirc Zahlmann, Bruce Innes Wylde Hughes and Aline Lima.
“Order No. ENF-23-CDO-1879” refers to a previous Emergency Stop and Desist Order the TSSB issued towards GSB, GSPartners, proprietor Josip Heit, Dirc Zahlmann and others in November 2023.
After or across the time Order No. ENF-23-CDO-1879 grew to become last towards mentioned events, 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.
Billionico Academy was initially marketed as an academic platform that issued memberships offered by means of commissioned gross sales brokers tied to a multilevel advertising scheme.
Nevertheless, Frank Deyle and others started telling shoppers it will start providing investments on April 19, 2024.
Terry Lee (“Respondent Lee”) purports to be a gold firm working in Hong Kong.
On April 19, 2024, Billionico Academy started providing investments in a digital gold vault issued by Respondent Auratus, represented by Terry Lee, that purportedly secures bodily gold and generates passive revenue utilizing fintech and blockchain expertise.
Respondents Billionico, Primus Liquidity Holding, Elite Membership World, Daniel von Lison, Marina von Lison, Deyle, Riander, Ifionayi, Peacock, Auratus and Lee (collectively the “Respondents”) haven’t been registered with the Securities Commissioner as sellers or brokers at any time materials hereto.
It’s due to this fact 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 beneath the Texas Securities Act.
Billionico was initially fronted by Daniel Markus von Lison, one other German frontman related to Zahlmann.
Von Lison hasn’t made any Billionico associated public appearances since TSSB’s fraud order. Whether or not von Lison remains to be hooked up to Billionico stays unclear.
Within the meantime, it seems Deyle has been charged with being the face of the corporate.
GSB and GSPartners proprietor Josip Heit, a convicted fraudster, additionally seemed set to attend and converse on the October 2024 promo occasions.
After touching down in Brisbane nevertheless, Heit represented he had abruptly scuttled again to Dubai just a few days later.
The rationale for Heit departing Australia mid-week previous to the Auratus promo occasions kicking off stays unconfirmed.
ASIC issued a separate standing GSPartners securities fraud warning in November 2023.
Up till very just lately, Auratus was all that was being promoted in Australia. Billionico was being promoted in South Africa, however that rapidly died off following a GSPartners associated arrest earlier this 12 months.
The pivot to Billionico in Australia might be tied to the Australian Securities and Investments Fee (ASIC), issuing two Auratus associated fraud warnings in latest months (August 2024 and September 2024).
From a regulatory compliance perspective specializing in Billionico branding is meaningless.
As evidenced by TSSB’s fraud order, Billionico and Auratus are successfully one and the identical. Past that, each are basically a continuation of the collapsed GSPartners fraudulent funding scheme.
Nonetheless, that Billionico has solely to this point been explicitly flagged for fraud by US authorities might embolden native promoters. No less than till Billionico-specific fraud warnings are issued.
Exterior of the small group of principally Australian Auratus promoters, GSPartners victims are ready on the launch of a GSPartners sufferer declare portal.
As a part of a two-part settlement with North American authorities, GSB and Josip Heit (proper) have agreed to refund North American traders.
Following a ninety day declare interval and honoring of refunds, the second a part of the settlement will see GSB and Heit
will consent to the entry of an enforcement order that concludes they illegally supplied and/or offered securities that weren’t registered pursuant to state regulation.
AlixPartners, a mutually agreed upon third-party, beforehand communicated the GSPartners declare portal would go dwell in “early November”.