Josip Heit’s shell company
GSB Gold Standard Banking Corporation AG was incorporated by him in December 2017. A recent filing with the Dusseldorf District Court has provided insight into the shell companies supporting GSPartners.
In an attempt to conceal the GSPartners Ponzi scheme, Josip Heit renamed GSB Gold Standard Banking Corporation AG to GSB Gold Standard Corporation AG. The filing states that on April 26th, Josip Heit relocated GSB Gold Standard Corporation AG from Hamburg to Dusseldorf, with the corporate address provided by Regus, who offers virtual office addresses.
The GSB Gold Standard Corporation’s share capital is EUR 8.9 million, and it is involved in the production, import, export, and distribution of chemical products. Interestingly, there is no mention of the MLM operations or the G999 Ponzi scheme of GSPartners.
Josip Heit ‘s filing further demonstrates the connection between GSB Gold Standard Corporation AG and the Gazella Corporate Capital Group’s financing of both domestic and international businesses. Josip Heit owns Gazella Corporate Capital Group, another front firm.
Unfortunately, German authorities still permit Josip Heit to run his GSPartners Ponzi scheme through numerous German shell firms. The primary financial regulator in Germany, BaFin, has not yet taken any action.
GSPartners drops its US complaint over YouTube harassment
Josip Heit and the plaintiffs of GSPartners claimed that Saunders had defamed them by making videos about their involvement in a Ponzi scheme. Josip Heit was particularly offended by Saunders pointing out his role in Karatbars International’s failed KBC Ponzi. On July 29, GSB Gold Standard Corporation AG, Josip Heit , Michael Dalcoe, and Tony De Gouveia filed a stipulation of dismissal.
On the same day, Christopher Saunders executed a declaration related to the matter. Based on Saunders’ declaration, the plaintiffs and defendant agreed to dismiss all claims without prejudice with the signature and agreement of counsel. Saunders’ declaration also revealed that he received $5,000 in Bitcoin from Ovidu Toma for making allegations against the plaintiffs.
From January 2020 onwards, I have been receiving evidence from Ovidiu Toma, the ex-Chief Technology Officer of Karatbars International, that confirms Harald Seiz’s involvement in the alleged misconduct of the company. No information has been left out regarding the documents and materials provided by Mr. Toma.
Presently, Toma is the CEO of CryptoData which is based in Romania and specializes in selling crypto bro hardware. Saunder admitted that the alleged wrongdoing about the Miami crypto bank and KBC/KBC tokens by Karatbars was carried out by its CEO, Mr. Harald Seiz, before any affiliation with GSB/Mr. Josip Heit . This admission seems odd as Josip Heit was the face of Karatbars’ initial involvement in crypto securities fraud. In an April 2019 interview, Seiz was introduced as a “big investor and Board Member” of Karatbars International.
During the period when Karatbars was promoting a “blockchain phone” in Dubai , Josip Heit made comments about the KBC coin. When questioned about his remarks during the event, Josip Heit was asked if it was true that the KBC coin could potentially be equivalent to 1 kilogram of gold. In response, Josip Heit confirmed the possibility.
People can join us at the right time and nobody should overlook this fact. Our market capitalization has significantly increased in just a matter of weeks from 300 million dollars to almost one billion dollars, even without the realization of the main net. Once the main net is realized, which will be happening in a few months, we are expecting our market capitalization to exceed 200 billion dollars .
After a series of promotions by Josip Heit and Seiz promoting the KBC Ponzi coin, it experienced a 62% decrease in value following a hyped event on July 4th, 2019. Investors were disgruntled and Josip Heit had to address the situation and explain the cause of the collapse, not Harald Seiz.
KBC was eventually abandoned after its continuous decline and Josip Heit , who had cashed out by the end of 2019, went on to launch his own Ponzi spinoff called GSPartners. However, GSPartners’ Ponzi coins, G999 and LYS, have not fared any better as G999 is being supported through wash trading and draining LYS slowly. As a result, GEUR was launched to address the ongoing failure of G999 and LYS.
GEUR is pegged to the euro and was created because GSPartners investors did not want to hold onto G999 and LYS anymore.
Currently, GEUR does not exist outside of GSPartners and is being used to support its latest 300% ROI Ponzi reboot and metaverse certificates. While a settlement between GSPartners and Saunders was reportedly reached, it remains undisclosed to the public.
Saunders has not retracted any of his GSPartners-related claims, except for the one where he wrongly stated that Josip Heit was not involved in the Karatbars KBC scam.
The court approved the GSPartners Plaintiff’s Stipulation of Dismissal on August 2nd, thereby bringing an end to the harassment suit filed against Saunders by GSPartners.
Developer for J One denies knowing about GSPartners & Heit
GSPartners, after the unsuccessful launch of G999, has transformed itself into a factory for producing low-value cryptocurrencies. The first coin to be released is called JONE and is supposedly backed by the floor space in Dubai’s J One tower. However, the developers of the tower, RKM Durar Properties , do not know about this association. A member of the MyBroadband forum shared screenshots of conversations trying to understand why a property developer would associate itself with a failed Ponzi scheme.
One of the messages suggested that there might be a connection between RKM Durar Properties and Josip Heit , the founder of G999 and that G999 could be used to obtain a certificate of ownership in J One.
When a group of investors from an undisclosed location inquired about any official partnership between Durar Group and Gold Standard Bank (GSB) group, a representative of RKM Durar Properties replied that they were not aware of Josip Heit , the CEO of GSB. The group was interested in J One as an investment opportunity and wanted to confirm if the properties were authorized for sale.
RKM Durar Properties representative responded by saying that they had taken steps to remove an unauthorized advertising site. However, the representative clarified that regardless of their involvement, the JONE token promoted by GSPartners was still a Ponzi scheme. Interestingly, it appeared that Josip Heit had randomly chosen a property in Dubai for marketing purposes. As of now, the GSPartners’ website still advertises a launch date for the JONE token in seven days.
BDSwiss falsehoods are covered up by GSPartners with Skyground Group
BDSwiss, a brokerage firm, has confirmed that it never had any partnership with GSPartners on January 25th. On January 30th, BehindMLM reported on GSPartners’ deception and how the owner, Josip Heit , has been caught lying about business partnerships before. In response to BDSwiss’ announcement, GSPartners is now trying to cover up its lies by claiming a new partnership with Skyground Group.
When GSPartners launched its “metaverse certificates” Ponzi scheme in May 2022 , it claimed that BDSwiss was its trading partner. As a result, GSPartners investors were promised a 300% return over 18 months on up to $100,000 through BDSwiss’ trading activities.
Returns of 4.15% per week on up to $200,000 in tether were still being provided until BDSwiss said it had no connection to GSPartners.
The metaverse certificate investment strategies remain the same, but allegedly Skyground Group is now the source of ROI revenue.
On May 3rd, 2022, the domain name “skyground.group” for the Skyground Group website was acquired. In September 2022, Skyground Group was afterward introduced.
The Oelfkes are the owners of Skyground Group. Konstantin and Alexander .
Previously employed at BDSwiss, the Oelfke brothers quit in October and August of 2021, respectively.
BDSwiss holds financial regulatory licenses across several countries. GSPartners announced its fictitious association with the brokerage by including the following in its metaverse certificate marketing:
Skyground Group only exists as “Skyground Services Ltd.”, a shell business formed in Cyprus, in contrast to BDSwiss and its financial licenses. Skyground Group is run out of the Oelfke brothers’ home country of Germany. This relates to Josip Heit, who is thought to be a citizen of Croatia and who divides his time between Dubai and Germany.
Alexander Oelfke presented GSPartners’ obfuscation of its BDSwiss partnership falsehood to investors as a “new” partnership announcement. Exclusive announcement of an intriguing new Partnership in the Metaverse Sector by Alexander Oelfke, CEO of SKYGROUND Group
Following a fruitful six-month trial phase in which several businesses took part , SKYGROUND has been named an official technology partner of the Lydian.world Metaverse. As a technology supplier, SkyGround provides numerous significant online brokers globally with top-notch technology modules. It does this by utilizing trading platforms like MT4 and MT5, which are also utilized by reputable traditional brokers like IG Group, Swissquote, and BDSwiss.
The headline of the press release seems inappropriate as Oelfke’s quotes are not mentioned in them. Additionally, the final paragraph of the quoted text is misleading as it suggests that Skyground Group uses the same trading technology as BDSwiss. The references to “MT4” and “MT5” imply MetaTrader 4 and MetaTrader 5, which are developed by MetaQuotes and offered to brokers as free or licensed software.
However, MetaTrader is solely a trading software that requires input from a third party to conduct any actual trading, either manually or through automation. Skyground Group’s claim of having access to MetaTrader to be on the same level as BDSwiss is weak deception, as anyone can access MetaTrader. It is akin to pretending to be a competitor just because both businesses use Microsoft Windows in their offices.
The Berliner Tageszeitung has syndicated GSPartners’ Skyground Group press release to several paid press release spam sites. This press release was submitted by the Berliner Tageszeitung, which was purchased by Josip Heit through GSMedia in 2021, along with two other German online news portals that were no longer functional. The Berliner Tageszeitung has been publishing content from other sources, including the occasional GSPartners press release. However, the website has very little traffic , according to SimilarWeb.
The use of Berliner Tageszeitung for the Skyground Group press release is an attempt to conceal that it is GSPartners and Josip Heit promoting themselves. Despite GSPartners’ amusing BDSwiss cover-ups, the question of securities fraud remains unanswered. It is evident that GSPartners’ offer of a passive weekly return to investors, now through Skyground Group, is a securities offering.
Skyground Group, the Oelfke brothers, GSPartners, and Josip Heit are not authorized to offer securities in any jurisdiction, which indicates that both GSPartners and Skyground Group may be involved in securities fraud . According to SimilarWeb’s analysis of website traffic, the majority of traffic to GSPartners’ website comes from the US, Portugal, and Canada. Despite being regulated by the SEC, GSPartners and Josip Heit have not yet faced any consequences for defrauding US residents. Similarly, German authorities have not taken action against Josip Heit since the Karatbars International crisis in 2019.
Josip Heit was absent from the US Ponzi event hosted by GSPartners
The goal of GSPartners’ US event was to show the world that Josip Heit , the company’s owner, and the company were above the law. That they were exempt from the laws governing wire fraud, securities regulation, and money laundering . But rather than making a spectacular entry into the US, Josip Heit almost backed out from the safety of Dubai.
I’m not sure if attendees were specifically told not to take pictures or videos of Josip Heit ‘s appearance. The only video I could find was an indirect shot of Josip Heit taken from a phone:
To be clear, GSPartners is still committing securities fraud even if Josip Heit had attended the event. Not whether Josip Heit runs the risk of being taken up in the US, but GSPartners’ business model qualifies as a Ponzi scheme.
However, the fact that Josip Heit was unwilling to risk the credibility of GSPartners by traveling to the US is telling. Undoubtedly not what GSPartners investors were promised:
The initial GSPartners occasion in the USA!
A brief business overview by one of our GSPartners leaders will be followed by rank recognition, a technology session by our CTO Mr. Alexandru Cocindau, a speech by Advisory Board Member Dirc Zahlmann, a speech by our Chairman of the Board Mr. Josip Heit , and inspirational remarks from our Global Ambassadors.
Attendees may have changed their minds if they had known that Josip Heit and Cocindau would cost $60 to see on Zoom. At least once a month, GSPartners offers free corporate webinars.
The event was left to be hosted by Michael Dalcoe, who oddly enough wasn’t featured on GSPartners’ event promo.
Nathaniel “Nate” Hines was introduced, and Dalcoe confirmed that he is his GSPartners upline (the person that recruited him), which was a piece of intriguing information.
This is essential since Dalcoe serves as the US branch’s spokesperson for GSPartners. So much so that on social media he calls himself the CEO of GSPartners:
It turns out that someone is profiting even more than Dalcoe from the acquisition of US GSPartner investors.
“Admiral” of GSPartners is how Nate Hines addresses himself.
Hines is a Karatbars International import, just like Michael Dalcoe, Josip Heit , and pretty much everyone else who founded GSPartners.
Josip Heit ‘s absence from Atlanta wasn’t GSPartners’ only PR gaffe.
On March 23, the occasion was declared. The old G999 trading manipulation bot was registered by GSPartners on March 26th:
As a result, G999 resumed its fixed-range “up and down” manipulation from January.
The plan seems to have been to increase G999’s value so that it would have something to brag about in Atlanta.
Pre-manipulation G999 was stable at about $0.0039, as shown in the first chart above. Even though there were a few brief pumps, by April 23rd, G999’s value had barely moved.
Josip Heit has tightened links to Dubai as investor losses at GSPartners increase. Josip Heit used to frequently travel between Dubai, the UK, and Germany, but now he spends a lot more time there.
South African promoter Andrew Eaton raved about a new GSPartners office in Dubai earlier this month;
Josip Heit spent Easter in Dubai as well, which when combined with the office raises the possibility that he has settled there permanently.
Although you may be protected from law enforcement and financial authorities in Dubai, living it isn’t inexpensive.
The number of website visitors to GSPartners is dwindling:
The Dubai real-estate token program seems to have been discreetly abandoned, G999 is being supported by wash trading, and Lydian World has little interest. What will be GSPartners’ next cash grab then?
NFTs for Lydian Dwarfs. a continuation of the Lydian Lion NFTs, which were similarly unsuccessful.
Naturally, GSPartners’ earnings have never been included in any of Josip Heit ‘s schemes. People are recruited into this crap for the money.
The US is now the only significant source of traffic (53% of total traffic) to GSPartners’ website, according to Alexa.
Nobody connected to GSPartners, Josip Heit , Nathaniel Hines, Michael Dalcoe, or any other part of the business is registered with the SEC.
US-based YouTuber is threatened by GSPartners and Josip Heit
A US law firm has been hired by GSPartners and its owner Josip Heit to threaten a YouTuber who is situated in the US.
The owner of the Grit, Grind, Gold YouTube channel is Chris Saunders.
GSPartners and its predecessor Karatbars International are criticized in a number of videos on Grit, Grind, Gold:
For the sake of simplicity and the fact that he’s probably footing Zuber Lawler’s bill, I’m crediting Josip Heit as the originator of the notification.
Josip Heit takes issue with a number of claims made by Saunders in Grit, Grind, Gold.
-that there are substantial similarities between GSPartners and Karatbars International;
-that the Ponzi scheme GSPartners is;
-the “criminal activities of moral turpitude” that GSPartners and Josip Heit are involved in.
Zuber Lawler contends that Saunders’ remarks about the aforementioned points are defamatory. Zuber Lawler makes the claim in order to justify Josip Heit’s executive role in Karatbars, specifically as the mastermind behind its aborted conversion to a cryptocurrency scam .
GSB is completely different and independent from Karatbars; it is not a parent company nor a subsidiary or associate of Karatbars. Each of those claims is accurate. Additionally, they ignore the fact that Josip Heit founded GSPartners as his own Karatbars subsidiary.
The G999 Ponzi token scheme by GSPartners was based entirely on the unsuccessful GSB Ponzi token scheme by Karatbars International.
Zuber Lawler claims that Gold Standard Banking Corporation is “a victim” despite the fact that Josip Heit , a senior executive at Karatbars, was probably one of the main benefactors of Karatbars’ crypto Ponzi scheme and used those unjust earnings to found GSPartners. Josip Heit and Gold Standard Banking Corporation are seen by Zuber Lawler as mere investors;
Due to their business dealings with Karatbars, GSB and Mr. Josip Heit did not make any money; in fact, their investment cost them millions of dollars.
Regarding the claim that GSPartners is a Ponzi scheme, Zuber Lawler says it is untrue because Josip Heit hasn’t been apprehended by law authorities yet.
No crime involving a Ponzi scheme has ever been brought against or resulted in the conviction of GSB, its agents, or its principals.
Because GSB is not running a Ponzi scheme, this is the case. This is a version of the deceptive argument that if it had been illegal, it would have been stopped. Since the argument is predicated on the idea that criminal action cannot occur until someone is charged, it is erroneous.
Due to the “chicken or egg” conundrum that is created, no one can be held accountable even if criminal action did not occur. Criminal action occurred before anyone was held accountable, as may be seen by examining every single criminal case that has ever been brought. Despite the fact that crime occurs without anyone ever being held responsible.
Here is an illustration of the investing strategy used by GSPartners to make a point:
Please take note that after our initial evaluation, G999 has failed to materialize, and GSPartners has now introduced additional token investment plans.
The Howey Test states that if there is an investment contract, it must be:
the investment of funds into a group venture with the assumption that such efforts will generate profits.
Here, customers are transferring funds to GSPartners (a public company) based only on the hope of receiving “profits derived from the efforts of others”.
When someone withdraws their G999 tokens, they are compensated with newly invested money. It is a closed-loop financial system with no outside revenue source.
The existence of an investment contract qualifies as a securities offering, which is more important given that Zuber Lawler and Saunders are domiciled in the US.
None of the shell businesses connected to GSPartners, Josip Heit , or GSPartners itself are registered with the SEC. One of the company’s key promoters is Michael Dalcoe, who describes himself as the CEO of GSPartners. He is not only not registered with the SEC but also a citizen and resident of the US.
Zuber Lawler hides behind an unreported legal opinion rather than confront any of these facts, which are by definition inadmissible as defamatory statements. To carry out a thorough internal investigation focusing on these allegations, GSB hired an unaffiliated law firm.
This investigation looks into the internal workings of the company to see if there is any evidence of, among other things, money laundering, transaction laundering, BRAM/GBPP breaches, license, and SEC issues, and unethical contractual and sales practices.
The inquiry found no wrongdoing, and this information will be used to refute your false accusations. TelexFree, OneCoin, and Zeek Rewards MLM Ponzi schemes frequently conceal themselves behind paid legal advice.
No one has ever upheld itself in court to date. They have undoubtedly not halted the arrest of executives from the corporations mentioned above or the subsequent criminal cases. The above information contains proof of GSPartners’ securities fraud . Any legal argument to the contrary intentionally disregards this information.
Send this legal opinion endorsing GSPartners’ deception to me; I’ll be pleased to analyze it because I know someone from Zuber Lawler will read this. The third point is easy to address. It’s forbidden to operate a Ponzi scheme.
GSPartners also functions as a pyramid scheme due to the lack of a retail offering.
The notion of “engaged in criminal activities of moral turpitude” refers to anyone running Ponzi and pyramid schemes.
Saunders’ words are deemed to be defamatory by Zuber Lawler before concluding. The law company has threatened to file a lawsuit if Saunders doesn’t take down the Grit, Grind, Gold videos and agrees to stop commenting further.
If the aforementioned written guarantees are not delivered in a timely manner, a lawsuit against you will be filed in a Virginia court, asking for an injunction, compensation (including punitive compensation), and other necessary relief.
Saunders released a video on November 19th titled “Grit Grind Gold’s Response to Josip Heit ‘s Attorney” in reaction to the cease and desist letter.
Saunders says in the video;
[9:06] I’ve been charged with belonging to a criminal organization or a crime syndicate by Josip Heit . This is false.
[9:42] According to CryptTalk Nation, we are all considered to be a part of a criminal organization , not just myself but also my coworkers and friends.
That constitutes character libel.
So, this is my response to you;
You have 10 days to publicly apologize and acknowledge that you were mistaken and that you misled others.
Not only that, but you also need to entirely dismantle the G999 (scheme).
Because of your lies about me, CryptTalk Nation, and the crime syndicate, your G999 is now dead.
And it’s okay if you decide against doing it. I’ll file a defamation lawsuit against you.
Did you honestly believe that I would back down from a fight?
It remains to be seen whether GSPartners, Josip Heit , and his friends follow through on their threat to file a lawsuit.
At the time of publication, Alexa estimations show a persistent reduction in website traffic for GSPartners:
The top three sources of traffic are South Africa (28%), India (12%), and the US (29%).
Uncertainty surrounds whether GSPartners,
, and/or Michael Dalcoe are the subject of an active inquiry by US authorities.
January 22, 2022 – On December 16th, GSPartners started
against Chris Saunders.
August 29, 2022 – Chris Saunders is no longer the target of GSPartners’ lawsuit.
September 4, 2022. All of Grit Grind Gold’s social media accounts have been turned to private , which seems to be a part of an agreement.
Every video on the Grit Grind Gold YouTube channel has also been given a private label.
How Josip Heit conned the London Stock Exchange and set up GS Chain
GS Chain is one of the components of the new Meta Certificates Ponzi puzzle created by GSPartners. Evidently, GSPartners has been allocating LSC shares based on affiliate investment amounts for some time. They are currently distributed as a recruiting reward.
The fact that GS Chain is a UK firm in and of itself says nothing noteworthy. Companies House regularly approves fraud. On the other hand, GS Chain is also listed on the London Stock Exchange.
The trick Josip Heit used to trick the LSE into listing his shell business is noteworthy even if it is by no means proof of validity. Nitsa Nakos, a Canadian GSPartners promoter, claims that GSPartners affiliates used to receive LSC shares dependent on how much money they invested.
As of late, affiliates are now rewarded GSC shares based on investor acquisition.
GS Chain was first incorporated as International Tech & Fintech PLC in order to avoid detection by regulatory authorities. Josip Heit provided the initial £1,049,900 to get things going. Even so, this was formally covered by the shares he had hired.
Through a virtual office address in the UK, International Tech & Fintech PLC was established. The sole Director of the business was identified as Leon Filipovic, using the same virtual address. Filipovic is not an arbitrary Josip Heit that was created out of thin air.
He served as the CFO and head of compliance at IFLS Corporate Services Ltd from 2016 to 2018. From 2018 to 2019, Mr. Filipovic was in charge of training in blockchain technology and the creation of trading software for the Pomeroy Group. More recently, he oversaw software development for BL Enceladus Ltd. from 2019 to 2021.
In places where regulation is minimal to nonexistent, IFLS Corporate Services and Pomeroy Group specialize in helping applicants obtain financial licenses.
The market leader for acquiring financial licenses globally is IFLS Corporate Services Ltd. The typical business operations of IFLS’s clients include asset management, forex, brokerage, payments, cryptocurrency ICO launches, and hedge funds.
More than 700 successfully established financial companies over the course of the previous 15 years in locations including the Seychelles, Vanuatu, Georgia, Czech Republic , Belize, and New Zealand should speak volumes about our professionalism as compared to that of other providers in the industry.
With operations in the Comoros, Vanuatu, Marshall Islands, Republic of Georgia, Cook Islands, Seychelles, Belize, St. Vincent and the Grenadines, Bahamas, Singapore, Hong Kong, Malaysia, and Gibraltar, PAMEROY MANAGEMENT LTD. is the world’s top buyer of banking licenses.
The words “IFLS Corporate Services Ltd: Register 99123” can be found on Pameroy Group’s website, suggesting that the two businesses are connected.
Pameroy asserts that it “focuses on the European Market, particularly the German-speaking countries.” Although he is from Croatia, Josip Heit spent several years living in Germany before moving to Dubai last year.
Pameroy’s creation of fictitious corporations in Comoros is of particular importance. Gold Standard Bank’s fraudulent Mwali banking license was uncovered by BehindMLM in the middle of 2021.
Union of the Comoros member Mwali. German shell business GSB Gold Standard Bank is a part of the GSPartners Ponzi scheme. Additionally, Pameroy creates phony firms in Kazakhstan “for businesspeople who wish to offer Forex, Crypto, and Payment Processing.
A press release titled “G999: Josip Heit and the GSB Gold Standard in the cosmos of the blockchain financial industry” from October 2020 ties everything together.
A ground-breaking solution has been introduced by GSB Gold Standard Banking Corporation AG (GSB), one of Germany’s top software, IT, and blockchain firms, to make cryptocurrency transactions considerably simpler and, most importantly, significantly faster.
The collection of companies that make up GSB Gold Standard Banking Corporation AG is composed of GSB Gold Standard Pay KB (Sweden), GSB Gold Standard Bank Ltd. (Comoros Union), and GSB Gold Standard Pay Ltd. (Kazakhstan).
BL Enceladus Ltd. was Filipovic’s most recent employer. They seem to have changed their names to “BL Group” and “BL Corporate Services” in the middle of 2021.
Through its website, “financial-licenses.com,” BL Group and BL Corporate Services offer “offshore financial licenses of any kind.
On the BL Group’s Financial Licenses website, Kazakhstan reappears once more:
It’s possible that you’ve noticed a pattern in Filipovic’s employment history. It should be clear why Josip Heit convinced Filipovic to head the shell firm for International Tech & Fintech PLC.
Filipovic is an example of a Croatian person. There may also be a personal connection since Josip Heit is also from Croatia.
Founded on April 3rd, 2021, is International Tech & Fintech PLC. The Legal Entity Identifier and company registration number for International Tech & Fintech PLC were acquired without delay.
Josip Heit (presumably inadvertently) sought assistance from the UK company First Sentinel in order to take his name off the books.
First Sentinel’s website focuses on corporate and commercial law as well as corporate finance law for SMEs, corporations in pre-IPO, and listed enterprises.
That final clause suited Josip Heit ‘s objectives for International Tech & Fintech PLC.
The name of International Tech & Fintech PLC was changed to GS Chain PLC as the first item on the agenda. By way of a resolution from July 9, that happened.
On July 14th, PLC appointed First Sentinel Advisory Limited as Secretary.
The 28th of July saw the acquisition of a GS Chain PLC trade certificate.
After establishing Josip Heit ‘s shell business, Leon Filipovic was relieved of his duties as Director and Secretary on September 30 and 29, respectively, and his UK shell firm, GS&IB Fintech LTD.
That’s not to argue that Filipovic took his money and left. He continued to serve as Chairman of GS Chain PLC, and he currently holds 28.3% of the company’s stock, at least on paper.
Dominique Sébastien Another 28.3% is owned by André Guerin, the COO of GS Chain. In the German shell business GSB Gold Standard Corporation AG owned by Josip Heit , Guerin serves as a Director and Partner.
Alan Austin, the newly appointed CEO of GS Chain and a US citizen, will be mentioned in brief below.
Austin is a GSPartners investor, which is not surprising:
Austin is an original Karatbars Ponzi promoter from the Harald Seiz era:
Josip Heit ‘s MLM crypto Ponzi fraud was obviously started at Karatbars International.
A Director/Partner in yet another of Josip Heit ‘s shell businesses, GSB Gold Standard PLC, Sanjay Nath joins Austin on the GS Chain executive board.
2.25% of the shares of GS Chain are held by Nath (right). Both Nath’s daughter and son have 0.25% each.
None of the GSPartners affiliates are listed in GS Chain’s financial reports, despite the fact that they are allegedly issued GS Chain shares tied to their investments. Haysmacintyre LLP, a UK accounting company, was the crew that approved of all this crap.
On December 19th, 2021, GS Chain PLC’s shell company filings ceased. We refer to GS Chain’s prospectus for more details.
The shell company cover for GS Chain is seen here;
The Company wants to find possibilities in the tech industry, do the appropriate due diligence, and then consummate an acquisition.
The use of technologies in the real estate , banking, finance, fintech, telecommunications, automotive, and blockchain industries are among the ones the directors will initially focus on, even though they will take into account a wide range of technology sectors.
Nevertheless, being a front business established exclusively to commit securities fraud in order to further GSParners’ Ponzi scheme;
Except for the preparations for its prospective listing, the Company has not yet started operating.
The Company does not currently operate any businesses and has not yet located a viable target organization or venture for an acquisition.
The Company does not currently operate any businesses, and there are no current acquisition-related plans, agreements, or understandings with any potential targets.
Until an Acquisition is completed, the Company won’t make any money from operations.
And it’s doubtful that will change unless Josip Heit has GS Chain “acquire” one of his other shell firms, or vice versa. GSPartners and Lydian World are the sites of all the investment fraud activity.
GS Chain submitted its application for a public listing after putting the scam in place and keeping the London Stock Exchange in the dark. It is anticipated that on May 13, 2022, at 8:00 a.m., the Admission will go into effect, and trading in Ordinary Shares will begin.
One can verify that GS Chain shares were indeed issued on May 13th by visiting the website of the London Stock Exchange. The shares have amusingly increased from 3.63 GBP to 5.45 GBP as of May 30th without any commercial operations or revenue.
Funny enough, every share of GS Chain that was listed was traded “off-book.”
The following disclosures in GS Chain’s prospectus are of critical importance because the majority of GSPartners investors are US citizens and the corporation is doling out GS Chain shares to top investors and now top recruits.
The US Securities Act of 1933, as amended (the “Securities Act”), the securities laws of any state or other US jurisdiction, as well as any applicable laws of Australia, Canada, Japan, or the Republic of South Africa regarding securities, have not been and will not be used to register the Ordinary Shares.
With some exceptions, the Ordinary Shares may not be offered, sold, resold, transferred, or distributed, directly or indirectly, within, into, or in the United States , or to, for the benefit of, or for the account of persons in the United States, Australia, Canada, Japan, the Republic of South Africa, or any other jurisdiction where such offer or sale would be in violation of the applicable securities laws of such jurisdiction.
What good is saying that if you’re going to do the reverse and do it through virtual shares or another method?
GSPartners’ and Lydian World’s respective websites’ most recent SimilarWeb website data are shown below:
Nobody from the US or South Africa could possibly possess shares of GS Chain. There won’t be any tangible written proof of that for the LSE to find, but once more we’ll rely on claims made by GS Partners promoter Nitsa Nakos a few weeks ago;
Given the unique connections that the Gold Standard Chain Company and GS Partners have—both of which are owned by Josip Heit —GS Partners members are eligible to receive gifts of shares.
Now, in the initial wave, we were given shares as gifts for our efforts in sales and investor recruitment as well as product acquisition (editor: investment).
We will be given shares in exchange for our sales efforts (editor: finding investors) now that we are in the second wave and have already been listed. Shares issued for the purchase of products will no longer be issued.
You only need to glance at GS Chain’s prospectus to understand why Josip Heit is making such an effort to conceal distributing GS Chain shares to US citizens, who, once more, make up the majority of GSPartners affiliate investors;
The US Securities Exchange Commission, any State securities commission in the US, or any other US regulatory authority has not authorized or disapproved the Ordinary Shares, and none of the aforementioned entities has commented on or endorsed this Document.
In the United States, it is illegal to make any claims to the contrary. The UK authority in charge of assessing GS Chain’s listing application releases itself from all liability, as they frequently do with securities fraud.
It should be noted that the UK Listing Authority will not have the authority to (and will not) monitor the company’s compliance with any of the listing rules that the company has indicated in this document that it intends to follow voluntarily, nor will it be able to impose sanctions in the event that the company fails to do so.
The FCA has authority…
However, where the statements about compliance in this document are misleading, false, or deceptive, the FCA would be able to impose sanctions for non-compliance.
However, most of them are hopeless. Josip Heit had a rationale for using the UK to issue shares falsely.
As things stand, every single individual and business on this list is somehow involved in the scam being carried out by GSPartners, Lydian World, and GS Chain:
Whether in the UK or the US, an investigative authority will decide how complicit someone is. Josip Heit resides primarily in Dubai where he operates GSPartners.
The world’s MLM crime capital is Dubai. There is virtually no likelihood that the authorities will take any action.
Review of Josip Heit’s G999 Karatbars by GSPartners
GSPartners is a company that operates within the cryptocurrency industry, but provides no information on its executives via its website. However, it has been reported that Josip Heit launched the company, based on the previous reporting on Karatbars International. Josip Heit came into focus after the failure of Karatbars’ KaratGold Coin hype in mid-2019. Prior to the July 4th event, Karatbars’ CEO Harald Seiz promoted an exchange of 100 KBC to 1 gram of gold, which did not materialize.
As a result, KGC’s public value dropped 62% after the launch event. In response to the marketing disaster, Josip Heit , who was credited as Chairman of Karatbars International’s Board, appeared in pre-recorded videos to address angry investors and provide excuses for the Ponzi coin’s dump.
However, this did not sit well with KGC investors, leading to Karatbars disabling comments on marketing videos featuring Josip Heit . The situation became uncertain over the next year and a half.
Karatbars, a company that faced regulatory warnings from Namibia, Germany, South Africa, and New Zealand due to the KGC debacle, had Seiz and Josip Heit as its investors. They held onto the funds that they had collected from investors and remained inactive throughout 2019 and 2020. In 2020, they launched “Gold Standard,” which led to the reboot of another token called G999. However, these plans failed by September.
Harald Seiz started endorsing Freebay and V999, which was a derivative of G999. All of this may seem absurd, but it is a common occurrence in the MLM crypto industry. Harald Seiz and Josip Heit had a falling out between the announcement of Gold Standard and the launch of Freebay in mid-2020. Following his departure from Karatbars, Josip Heit founded GSPartners, which continued to use the G999 token. Check out the complete analysis of GSPartners’ MLM opportunity.
According to the information provided, GSPartners doesn’t offer any products or services that can be sold by their affiliates. Instead, affiliates are only allowed to promote the GSPartners affiliate membership. The membership provides access to the Blockchain Academy, an online platform that offers video-based courses on blockchain technology. These courses are designed to break down the components of a blockchain and provide a strong foundation of knowledge. Additionally, the membership includes a course on colonization, crypto assets , and digital currencies.
GSPartners Compensation Plan
The compensation plan of GSPartners is not accessible on their website. The compensation analysis presented here is derived from official compensation details labeled for “internal use only”. GSPartners’ affiliates invest in G999 tokens with the expectation of getting a return. These tokens are obtained through GSPartner’s GSTrade exchange, at a cost of “69 USDT for 4999 G999 coins”.
Additionally, GSPartners’ affiliates receive G999 tokens when they sign up. For instance, those who register for the Brand Advantage Basic Package for 275 USDT annually get 3498 G999 tokens. Those who sign up for the Brand Advantage Premium Package receive even more G999 tokens than the Basic Package, although the actual price of the Premium Package could not be verified. It’s worth noting that GSPartners accepts payment in bitcoin or ethereum despite quoting prices in USDT.
GSPartners Affiliate Ranks
GSPartners’ compensation plan comprises ten different ranks for its affiliates, each with its own eligibility criteria. The first rank is simply being an affiliate and paying the required fees. The Director rank requires generating $15,000 GV each month, while the Regional Director must generate $40,000 GV. To become a National Director, one must generate $80,000 GV per month. The Executive rank requires generating $150,000 GV each month, while the Continental Executive must generate $369,000 GV.
The International Executive rank requires generating $1,000,000 GV per month. To become an Ambassador, one must generate $3,000,000 GV monthly, and to achieve Global Ambassador rank, $9,000,000 GV must be generated each month. Finally, to become a Crown Ambassador, one must generate $27,000,000 GV each month. GV stands for “Group Volume” and represents the fee or investment volume paid by affiliates in one’s downline.
GSPartners follows a unilevel compensation structure for paying referral commissions. This structure places an affiliate at the top of a team, and every affiliate they recruit is placed directly below them on level 1. If any level 1 affiliate recruit new affiliates, they are placed on level 2, and so on for an infinite number of levels.
The referral commissions are capped at nine levels, and residual commissions are paid as a percentage of funds invested in Basic and Premium packages across these levels. The percentage for each level varies, with level 1 receiving the highest commission of 10%, level 2 receiving 4%, level 3 receiving 3%, levels 4 to 6 receiving 2%, level 7 receiving 3%, level 8 receiving 4%, and level 9 receiving 6%. It is not clear whether direct G999 token investment through GSTrade is eligible for referral commission payments.
4% of the total fee investment volume made by GSPartners is invested in the Blockstar Pool.
Affiliates get a portion of the pool according to how much they persuade others to put in:
-persuade people to contribute $3000 in exchange for one Blockstar Pool share.
-persuade others to contribute $9999 in exchange for three shares of Blockstar Pool.
-persuade others to contribute $29,999 in exchange for five shares of Blockstar Pool.
“Rising Blockstars” is the name of the top tier, and it seems that there are time-limited requirements (maybe one month?).
The other two are recurring requirements, therefore Blockstar Pool shares are distributed each time they are satisfied.
Due to the fact that GSPartners is a continuation of the securities fraud started by Josip Heit with Karatbars International, there is no information about their compensation plan on their website. Like all previous Karatbars shitcoins, G999 is completely useless. Josip Heit produces G999 as needed and offers it for sale to unwary investors. Data from CoinMarketCap indicates that G999 has only recently been listed on open exchanges.
On February 12 at 0.0068 cents, the first data point was recorded. G999 is now available for $0.016 cents. This public benefit is connected to GSPartner recruitment. As recruiting grows, more affiliates buy G999, which raises the cost. The trade value of G999 decreases after recruitment stops. The cashing out of early bagholders eventually results in a dump.
The most obvious way that securities fraud appears is when G999 is sold with the expectation of making a profit. For all MLM cryptocurrencies, this is true. To help cover this up, GSPartners has its Blockchain Academy platform. The compliance trick of the “education platform” is starting to sound trite. The best example of this is likely the OneLife platform from OneCoin. Guaranteed returns provided with Brand Advantage investment products are also subject to GSPartners’ securities fraud.
Additionally, “Masternode Vouchers” (returns paid under the guise of “staking”) exist.
You also have “Masternode Vouchers” (returns paid under the pretext of “staking”) on top of that:
G999 only allows 4000 master nodes, and because there are a fixed number of coins generated per block and a certain number of master nodes, the rewards are structured so that each master node owner can have a reliable income.
In addition to “Decentralized DeFi Plans,” which offer annual returns according to the level of investment a member of GSPartners makes:
Everything has been put up to make it possible for early GSPartner affiliates to withdraw their later invested funds by selling their G999 tokens. Again, the fact that securities fraud is prohibited everywhere in the globe is the reason GSPartners don’t openly reveal any of this on their website.
At the time of publication, Alexa lists the US (52%), South Africa (15%), and Mexico (12%) as the top three countries from which visitors come to GSPartners’ website. In none of these jurisdictions are GSPartners registered to offer securities.
Math ensures that the bulk of GSPartners affiliates will lose money, whether due to regulatory intervention or a decline in hiring.