GSPartners @ BehindMLM

After months of hyping up a transition from a gold ruse pyramid scheme to MLM crypto Ponzi, on July 4th, 2019, Karatbars International held its “Gold Independence” event. KBC, a token Karatbars International had promised investors would be able to exchange for gold, plummeted 62% within 24 hours. Karatbars International founder Harald Seiz was nowhere [Continue reading…]

Convicted fraudster Josip Heit is under investigation in Croatia for money laundering.

Every villain has an origin story. While we might not ever know how deep the rabbit hole goes, we now know, for a few years at least, Josip Heit and an associated gang of criminals pickpocketed train commuters in Luxembourg. Following a previous report on Heit’s criminal activity in Luxembourg, today BehindMLM is publishing full [Continue reading…]

DAO1 has received a securities fraud warning from Germany’s BaFin. As per BaFin’s October 2nd DAO1 warning;

Texas has rejoined the GSPartners fraud settlement. As per an undated update to the GSB Settlement website;

Josip Heit has been denied a European trademark application for “The Hongkong Telegraph”. German lawyers Irle Moser filed an application on Heit’s behalf for The Hongkong Telegraph trademark on July 10th, 2023.

The North American Securities Administrators Association (NASAA), has urged the US House Committee on Financial Services not to weaken state securities regulators. Several MLM related fraud cases, initiated by state regulators in the US, are cited in support. NASAA is made up of US state regulators, as well as their equivalents in the District of [Continue reading…]

The North American Securities Administrators Association (NASAA), has cited thirteen GSPartners enforcement actions as examples of US state regulators “fighting fraud”.

Following a complaint asserting Apertum Foundation’s APTM token isn’t MiCA compliant, BitMart has restricted trading activity in Lithuania.

GSB has re-engaged settlement negotiations over GSPartners allegations made by the Texas State Securities Board (TSSB).