GSPartners: How accurate was this company’s description?
GSB Gold Standard Banking Corporation AG was founded in December 2017 by Josip Heit. A new filing with the Dusseldorf District Court has identified the shell companies that finance GSPartners.
In an attempt to conceal the GSPartners’ Ponzi fraud, Josip Heit renamed GSB Gold Standard Banking Corporation AG to GSB Gold Standard Corporation AG. As per the statement, on April 26th, Josip Heit relocated GSB Gold Standard Corporation AG from Hamburg to Dusseldorf by utilizing the corporate address that Regus, a company that offers virtual office addresses, had furnished.
Chemical products are produced, imported, exported, and distributed by the GSB Gold Standard Corporation, which has a capitalization ratio of 8.9 million euros. Oddly, nothing about GSPartners’ MLM ventures or the G999 Ponzi scam is mentioned.
Josip Heit’s file contains more proof of the connection between GSB Gold Standard Corporation AG and the financing of both local and international businesses by the Gazella Corporate Capital Group. Gazella Corporate Capital Group is one of Josip Heit’s numerous front companies.
Regretfully, Josip Heit continues to be permitted by the German authorities to hide his GSPartners Ponzi scheme behind many German shell businesses. The primary financial regulator in the nation, BaFin, has not yet taken any action.
US lawsuit brought by GSPartners against YouTube misuse is withdrawn
Josip Heit and the GSPartners plaintiffs claim that Saunders defamed them by disclosing recordings that showed them taking part in a Ponzi scheme. He was very enraged by Saunders bringing up Josip Heit’s role in the collapsed KBC Ponzi scheme of Karatbars International.
On behalf of GSB Gold Standard Corporation AG, Josip Heit, Michael Dalcoe, and Tony De Gouveia filed a stipulation of dismissal on July 29.
On the same day, Christopher Saunders finished a declaration linked to it. With the signature and approval of legal counsel, the plaintiffs and defendants decided to reject every lawsuit on the grounds of Saunders’ statement.
In his statement, Saunders said that he received $5,000 in Bitcoin from Ovidu Toma in exchange for making false allegations against the plaintiffs.
Since January 2020, Ovidiu Toma, the former Chief Technology Officer of Karatbars International, has been sending me documents proving Harald Seiz was connected to the company’s alleged misconduct. Nothing was left out of the documentation and information that Mr. Toma submitted.
Toma is the CEO of CryptoData, a Romanian firm based in that nation that offers hardware for Bitcoin exchanges.
Regarding the Miami crypto bank and KBC/KBC coins, Saunder confirmed that Mr. Harald Seiz, the CEO of Karatbars, had been engaged in the alleged misconduct before any affiliation with GSB or Mr. Josip Heit.
Considering that Josip Heit disclosed Karatbars’ first participation in Bitcoin securities fraud, this assertion appears odd. In an April 2019 interview, Seiz was described as Karatbars International’s “big investor and Board Member.”
Josip Heit addressed the KBC currency while Karatbars was promoting a “blockchain phone” in Dubai. When Josip Heit was questioned about his comments made at the event, he was asked whether he thought that the KBC coin may be equivalent to one kilogram of gold. In response, Josip Heit said that it was feasible.
Their market value has increased significantly from $300 million to over $1 billion in only a few short weeks, even in the absence of the principal net being fulfilled. They expected that when the main net profit is generated, which should happen in a few months, their market worth would exceed $200 billion.
The KBC Ponzi currency was advertised by Josip Heit and Seiz, however after a much-awaited event on July 4, 2019, its value plummeted by 62%. Investors were angry, and it was up to Josip Heit, not Harald Seiz, to address the problem and explain why the company had collapsed.
KBC finally shut down after its continuous decline. Josip Heit founded GSPartners, a Ponzi spinoff business after he had amassed wealth by the end of 2019.
The Ponzi currencies that GSPartners produced, G999 and LYS, haven’t done any better since G999 is backed by wash trade while LYS is gradually being depleted. GEUR was initiated to address the ongoing failure of G999 and LYS.
Due to investors in GSPartners no longer wishing to keep onto G999 and LYS, GEUR—which is linked to the euro—was created.
GEUR supports its most recent 300% ROI Ponzi relaunch and metaverse certificates, which are now exclusive to GSPartners. Although it is not known to the public, GSPartners and Saunders are said to have settled.
Saunders has not recanted any of his claims on GSPartners, except for the claim that Josip Heit was misinformed and not involved in the Karatbars KBC fraud.
The court approved the plaintiff’s stipulation of dismissal on August 2, leading to the dismissal of GSPartners’ harassment action against Saunders.
GSPartners: How, exactly, was it a Ponzi scheme?
Following the downfall of the G999 launch, GSPartners transformed into a low-value cryptocurrency manufacturer. It is said that a level of Dubai’s J One skyscraper supports the JONE coin, which was the first to be made accessible.
There is no knowledge of this relationship among the architects of the skyscraper, RKM Durar Properties. A real estate developer’s connection to a defunct Ponzi scheme was explained by a MyBroadband forum user who posted screenshots of their conversations.
A message said that RKM Durar Properties and G999’s inventor, Josip Heit, could be connected and that G999 might be used to get an ownership certificate in J One.
An investment group from an anonymous location inquired about any formal relationships between the Durar Group and the Gold Standard Bank (GSB) group.
An official from RKM Durar Properties replied that they were not aware of Josip Heit, the CEO of GSB. Because the corporation was interested in J One as an investment opportunity, they needed to ensure that the homes were legally permitted for sale.
In reply, the representative from RKM Durar Properties said that an unauthorized advertisement website had been taken down. However, the spokesperson pointed out that the JONE currency promoted by GSPartners remained a Ponzi scam even after they became involved.
The villa in Dubai seemed to have been chosen at random by Josip Heit, which was intriguing. According to the GSPartners website, the launch date of the JONE coin is still set for seven days.
GSPartners: Compensation Plan
GSPartners does not make their wage structure available on their website. The official pay data designated as “for internal use only” is the basis for the pay evaluation shown here. GSPartners affiliates purchase G999 tokens with the hope of making a profit.
The price of these tokens is “69 USDT for 4999 G999 coins” on the GSPartner-operated GSTrade market.
Moreover, associates of GSPartners get G999 tokens upon enrollment. For 275 USD, users who enroll in the Brand Advantage Basic Package, for example, get 3498 G999 tokens annually.
Those who signed up for the Brand Advantage Premium Package received more G999 tokens than those who enrolled for the Basic Package; nevertheless, the precise cost of the Premium Package could not be determined. It’s vital to remember that GSPartners takes Bitcoin and Ethereum payments while listing their rates in USDT.
GSPartners: Affiliate Ranks
GSPartners’ affiliate compensation scheme consists of ten distinct tiers, each with certain requirements. You may take the top place if you have a simple affiliate status and pay the necessary fees. The Director position requires production of $15,000 GV per month, whereas the Regional Director rank requires production of $40,000 GV per month.
To be eligible to become a National Director, an individual must generate $80,000 GV each month. For the Executive position, a monthly GV requirement of $150,000 and $369,000, respectively, is necessary.
A million GVs are needed each month to advance to the International Executive level. To become an ambassador, you must generate $3,000,000 in GV each month; to reach the Global Ambassador level, you must generate $9,000,000 in GV per month. Lastly, to become a Crown Ambassador, you must generate $27,000,000 GV per month. The quantity of fees or investments made by associates in a person’s downline is referred to as “Group Volume” (GV).
Commission for Referrals
GSPartners has a unilevel compensation structure to pay referral commissions. In this arrangement, an affiliate leads a team and any new affiliate they bring on is positioned on level 1 right below them. If a level 1 affiliate refers new affiliates, they will automatically advance to level 2, and so on forever.
The remaining commissions are paid out as a percentage of the money spent in Basic and Premium programs at each of these levels, with a maximum level of nine referral commissions.
Level 1 gets the highest commission of 10%, followed by levels 2 and 3 at 4% and 3%, levels 4 and 6 at 2%, levels 7 and 8 at 4%, and levels 9 at 6%. Each level is allocated a different percentage. It’s unclear whether direct investments in G999 tokens purchased via GSTrade qualify for referral commission payments.
GSPartners Reviews: Scams Exposed by Clients
I’ve included evaluations of GSPartners below to demonstrate that it is a Ponzi scheme. These comments demonstrate how the people who put money into this fraud lost it. To comprehend my arguments, peruse the following reviews:
1. Investing is risky!
It seems that you could have fallen victim to a financial scam or investment fraud based on the aforementioned promise. Claims of large, rapid returns on investment should raise red flags for you since these scams are sadly common.
The con artists claimed that after eighteen months, your money will be appreciated greatly. The assurance of large profits in a short amount of time is a traditional red flag for potential fraud.
2. They are Fraudsters!
As per the aforementioned statement, several individuals have conveyed their discontent and dissatisfaction towards Karatbars, asserting that their losses remain unrepaired. They called it a money-making scheme and an ineffective use of time and resources, and they advised others to beware. Additionally, they attacked Josip, the CEO of G999 Coin, and said that he was profiting from the ignorance of others.
3. GSPartners is a scam!
The aforementioned statement claims that he first invested in Karatbars International and then transferred his money to this new platform when they rebranded as GSPartners. Sadly, he is now experiencing problems with his Know Your Customer (KYC) verification.
In the banking industry, KYC identification verification is standard practice. It might be reason for worry if GSPartners is rejecting his KYC. Remembering that investing is always dangerous is essential. Before committing funds, you should thoroughly research any platform and consider its reputation and track record.
4. GSPartners is a Ponzi Scheme
The reviewer states that after receiving an invitation to a Zoom conference from two Australian business professors, he labeled them as dishonest and scammers, saying the whole situation seemed strange. “It’s a scam, be cautious—this is being promoted by online coaches,” she said in her warning.
They did not respond to any questions I or anybody else on the line had. If something sounds too good to be true, it most likely is—it’s an MLM Ponzi scheme. They feed off people’s anxieties, and dread drives the caller’s actions throughout. Learn more about this company. They rebranded; why? Why are they now being investigated?
Conclusion
The fact that GSPartners is a duplication of the securities scam that Josip Heit started with Karatbars International is the reason why their official website lacks information about their remuneration scheme.
Like all earlier Karatbars shitcoins, G999 is completely worthless. Josip Heit manufactures G999 and offers it to unsuspecting investors as needed. According to CoinMarketCap statistics, G999 has just lately been listed on public exchanges.
On February 12 at 0.0068 cents, the first data point was recorded. Right now, G999 can be purchased for 0.016 cents. Recruitment for GSPartners is connected to this public good. G999 becomes more expensive as more affiliates buy it, which raises the price. G999 loses value in the market after recruiting is completed.
The clearest indication of securities fraud is when G999 is offered for sale to generate money. This is true for any MLM cryptocurrency. One tool to help conceal this is the Blockchain Academy platform from GSPartners.
The compliance trick using the “education platform” is becoming a bit dated. The biggest example of this is probably OneCoin’s OneLife platform. The guaranteed returns provided with Brand Advantage investment packages make them even more susceptible to GSPartners’ securities frauds.
All the arrangements have been made so that early GSPartner colleagues may pay out their later invested monies by selling their G999 tokens. It should be noted that GSPartners does not publicly provide any of this information on their website as securities fraud is prohibited worldwide.
to the time of writing, the US (52%), South Africa (15%), and Mexico (12%) were the top three countries from which visitors arrive at the GSPartners website, according to Alexa. In any of these countries, GSPartners are not permitted to sell securities.
Whether it’s from a drop in recruitment or regulatory action, math assures you that most GSPartners associates will suffer a loss.
