Swiss Valorem Bank | FinTelegram News

Tag: Swiss Valorem Bank

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.

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?

FinTelegram

August 29, 2023

Black Rating: Urgent Warning Against Crypto Payment Processor G999 And Associated MLM Schemes!

In January 2023, FinTelegram warned against G999, allegedly a blockchain-based peer-to-peer electronic cash system. It is part of the group of the GSPartners Group of Josip Heit. Recently, the Ontario Securities Commission (OSC), the British Colombia Securities Commission (BCSC), the Alberta Securities Commission (ASC), and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) warned against G999 and associated MLM schemes.

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.

Breakeing: German Co-Founder of Crypto Fraud Scheme USI Tech On The Run!

USI Tech was one of the first MLM schemes to use cryptocurrencies to defraud its investors. FinTelegram has issued several warnings aginst the scheme. Horst Jicha has now gone fugitive, leaving behind a trail of defrauded investors and evading justice in the $150 million USI Tech fraud case. With Jicha on the run, the case serves as a chilling reminder of the risks in the volatile crypto world.

Binance Chief Financial Crime Compliance Officer Denied Bail in Nigerian Case!

Think twice before starting to work for the world's larger crypto exchange. As Binance’s financial crime compliance officer faces money laundering charges in Nigeria, questions mount over the company’s compliance safeguards and the risks involved in its global operations. The denial of bail for Tigran Gambaryan and the ongoing legal battle could have far-reaching implications for the company’s future.

Fintech

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.