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Tag: GSPartners

February 15, 2024

Legal Superpower: The New “Most Feared” U.S. Law Firm Of Josip Heit And GSPartners!

As reported by FinTelegram, the U.S. authorities have taken massive action against Josip Heit and his crypto MLM scheme around GSPartners and Swiss Valorem Bank in recent weeks. A total of 12 U.S. states have issued warnings and cease and desist orders. According to BehindMLM, further investigations by U.S. authorities are also ongoing. Heit has mandated the U.S. law firm Quinn Emanuel Urquhart & Sullivan, LLP to get him out of his U.S. problems.

February 15, 2024

The Global Crackdown On Crypto MLM Scheme GSPartners (Now GSPro) Continues!

The drama continues. The crypto MLM scheme previously known as GSPartners, under the leadership of Josip Heit, has undergone a rebranding to GSPro towards the end of 2023. This move came in the wake of a series of fraud warnings and cease and desist orders issued by various U.S. and Canadian financial regulatory bodies. Most recently, BehindMLM reported that the accounts of GSPro investors in the U.S. and Canada are no longer accessible.

January 13, 2024

Who is The Crypto MLM Artist Josip Heit? We Asked Bing!

Josip Heit perhaps holds the record for the collection of regulatory warnings against him and his schemes. Most recently, several U.S. regulators have issued Cease and Desist Orders against Heit personally and his schemes GSPartners, G999, Swiss Valorem Bank, and others. Regulators from other regulatory regimes had previously issued warnings. Heit is using his German law firm IrleMoser to SLAPP attack critics. Bing has described Heit as follows.

January 8, 2024

Meet The German Law Firm IrleMoser And Their Approach!

Selecting an appropriate law firm is crucial for entrepreneurs, particularly in high-risk sectors where business operations might straddle the fine line of legality. In such environments, some law firms play a key role in enabling operators of unregulated financial services or crypto MLM ventures to confront their detractors aggressively. One notable instance is Josip Heit of GSPartners, who relies on the Berlin-based law firm IrleMoser.

MLM Schemes

January 8, 2024

U.S. Cease-and-Desist Orders Validate Blacklisting of Crypto MLM Scheme GSPartners!

The G999 website currently states that the GSPartners.global platform can no longer be used by its registered members due to various cease and desist orders. The once disputed blacklisting of GSPartners by FinTelegram has been confirmed as justified, following multiple cease-and-desist orders from various U.S. state regulators against the scheme and its mastermind Josip Heit. Read our update!

January 8, 2024

Pay Attention: BehindMLM’s Battle Against GSPartners And Its Mastermind Josip Heit!

In a David versus Goliath showdown, BehindMLM, a veteran watchdog of the MLM world, stands against Josip Heit and the GSPartners scheme. The platform has evolved into a bastion of consumer awareness, particularly in unmasking MLM-related financial fraud. Heit and his German law firm, Irle Moser, are known for their aggressive approach against critical media. FinTelegram is also a constant target.

October 12, 2023

Interesting: GSPartners And Josip Heit Threatens To Sue FinTelegram Over Blacklisting!

FinTelegram has received another letter from the law firm of Josip Heit. The latter is (among others) the beneficial owner of GSB Gold Standard Corporation AG and operates the multi-level marketing (MLM) scheme GSPartners a/k/a Swiss Valorem Bank and the cash system G999. There are warnings against this scheme from financial regulators. Therefore, we have included it in our black compliance list. For this, FinTelegram is now threatened with lawsuits by Heit's German law firm.

August 29, 2023

Legal Opinion: Josip Heit, MLM Leader, Declared a Person of Public Interest!

Josip Heit, domiciled in Germany, is notably engaged in multi-level marketing endeavors. Legal representations made by his Berlin-based legal counsel, Irle Moser, as documented in court filings, attest to this. Mr. Heit holds authoritative positions in several corporate entities spanning jurisdictions, including the UK, Germany, Kazakhstan, Switzerland, and Mohéli. One might pose the legal question: Does he qualify as a person of public interest?

August 24, 2023

The Vast Payment Network Around FCA-Regulated EMI Nvayo And The Aurea Lifestyle Scheme!

The U.S. national and UK resident Christopher Scanlon, 43, has been arrested in May 2023 at Miami International Airport over charges of running an unlicensed money transmitting business. He was the founder, president, and CEO of Aurae Lifestyle and Club Swan. From 2015 to 2019, Scanlon operated the scheme, which provided provided fiat and crypto financial services to customers of Aurae Lifestyle. The FCA restricted the activities of Nvayao Ltd, one entity of the Aurea Lifestyle scheme.

January 2, 2023

Be Very Cautious: The G999 Blockchain-Based Cash System Of Josip Heit!

In its whitepaper, G999 claims to be a blockchain-based system for fast payments with high transaction capacity. G999 is part of the group of the GSPartners Group of Josip Heit. It is operated by GSB Gold Standard Pay Ltd, registered as a financial services and crypto services provider in Kazakhstan. The G999 crypto storage services are provided by GSB Gold Standard Pay KB, Stockholm, Sweden. However, the very same website states that it does not offer financial services. Strange, indeed. Here is our first review:

January 1, 2023

Interesting: CySEC-Regulated BDSwiss And Its Metabroker activities for Lydian.World!

The Metaverse is considered the next big thing. Not only Facebook parent Meta Platforms Inc. is betting on it but also the Multi-level marketing (MLM) industry. GSPartners and its gaming & finance platform, Lydian.Worlds, which gamifies business and finance, relies on crypto and NFTs. Also on board is Jan Malkus' CySEC-regulated BDSwiss as the "MetaBroker." Malkus gets celebrated with Lydian.World founder Josip Heit at the launch event in Dubai in May 2022.

US Treasury Forgives Ukraine Looters!

On 26 September 2024, the United States Treasury’s Financial Crimes Enforcement Network ‘FinCEN’ made the astonishing decision to drop sanctions against ABLV Bank of Latvia. ABLV was sanctioned in 2018 for a list of reasons, including helping Ukrainian President Viktor Yanukovich’s bagman, Serhiy Kurchenko, steal billions of dollars from Ukraine.

Gurbir Grewal’s Departure from the SEC: His New Position and Potential Impact on Crypto Regulation!

Gurbir S. Grewal, the former Director of the Division of Enforcement at the U.S. Securities and Exchange Commission (SEC), has left his position to join Milbank LLP, one of the most innovative and prestigious law firms globally. This transition from his high-profile regulatory role to private practice is likely to have lasting implications, particularly on the SEC’s enforcement strategy in the crypto sector.

Warning Against The Imminent Danger of Pig Butchering For The Dawning Cyber Society!

Pig butchering scams are a devastating form of cybercrime that blend romance and investment fraud, leaving victims emotionally and financially shattered. These sophisticated operations, run by organized crime syndicates, often exploit human trafficking victims as unwilling scammers. The perpetrators meticulously cultivate trust over months, luring targets into fraudulent cryptocurrency investments through fake platforms.

MLM Schemes

Latest Arrests in $4 Billion Forex AI Fraud Scheme OmegaPro and the Austrian Connection!

FinTelegram has reported on the fraudulent crypto MLM schemes OMNIA Tech and OmegaPro several times in the past. This week, various media outlets have reported the arrest of Robert Velghe in Turkey, who has played a crucial role in both scams. The OmegaPro MLM scam is believed to have stolen around $4 billion from victims worldwide. Here is our update with a request for additional information from whistleblowers.

Crypto MLM Scam: David Carmona Sentenced to 121 Months for IcomTech Crypto Ponzi Scheme!

iComTech was one of the numerous fraudulent MLM schemes that used cryptocurrencies as a means of fraud in parallel with the crypto hype of 2017/18. David Carmora started IcomTech in approximately 2018 with other co-conspirators as a purported cryptocurrency mining and trading company. The scheme promised to earn its victims high profits and guaranteed daily returns that would double their money within six months.