The Texas State Securities Board has confirmed it’s investigating GSPartners for “partaking in a world securities fraud scheme”.
The disclosure was made in a November ninth emergency stop and desist order, pertaining to the collapsed BitSports Ponzi scheme.
GSPartners was cited as one of many fraudulent funding schemes being promoted by respondents Josh Berman, Sean Kelly and the Berman Funding Group (BIG).
In reference to the provide of (BitSports’) Arbitrage Memberships, as described herein, Respondents Berman Funding Group and Berman are claiming they’ve a “100% success price” with “each workforce member creating wealth” and “no losses”
incurred by a workforce member.The(y) are, nonetheless, deliberately failing to reveal any details about earnings or losses related to investments issued by … GS Companions, a multilevel advertising firm being investigated by th Enforcement Division for partaking in securities fraud.
GSPartners is a Dubai-based Ponzi scheme run by Josip Heit (proper).
By way of “certificates”, GSPartners solicits funding in cryptocurrency on the promise of as much as 5% every week.
Neither GSPartners or Josip Heit are registered to supply securities in any jurisdiction.
Earlier this month BehindMLM confirmed GSPartners is underneath investigation by the CFTC, SEC and Alabama Securities Fee.
Given the variety of confirmed US civil regulatory investigations, it’s assumed a GSPartners prison investigation can be underway.
Canadian authorities have additionally issued seven GSPartners securities fraud warnings; Ontario, Alberta (G999 and GSTrade), Quebec, Alberta, British Columbia and Saskatchewan.
Replace seventeenth November 2023 – TSSB has filed an emergency stop and desist towards GSPartners and Josip Heit.
Texas is joined by Washington, California, Alabama and British Columbia (Canada), who all filed comparable GSPartners regulatory enforcement actions as we speak.