GSPartners collapsing, South African YouTube channel blamed
GSPartners is claiming a 66% reduction in victims signing up to lose money.
In a desperate attempt to find a scapegoat, GSPartners has sued a South African YouTube channel.
Plaintiffs GSPartners and owner Josep Heit filed suit in the High Court of South Africa on May 18th.
They are joined by South African GSPartner promoters Tony De Gouveia, Bruce Hughes, Andrew Eaton and Brendon Earp-Jones.
Tony De Gouveia (right) is a resident of Johannesburg, South Africa.
De Gouveia is a serial Ponzi promoter. Before GSPartners De Gouveia was shilling Karatbars International, Lifestyle Galaxy, Skill Dragon and Dragon Mining.
Bruce Hughes is a resident of Durban, South Africa. He is a former Karatbars Ponzi promoter.
Like De Gouveia, Andrew Eaton (right) came up scamming people through Smart Media Technologies (Lifestyle Galaxy).
Brendon Earp-Jones is another South African Lifestyle Galaxy alumni. He is also a former Karatbars Ponzi promoter.
Bruce Hughes, Andrew Eaton and Brendon Earp-Jones promote GSPartners together through “GSB GiHugeness”:
I did find mention of De Gouveia in connection to GSB GiHugeness but nothing concrete.
Named defendants in GSPartners’ lawsuit are Louis Nel, Francois Harris and Gert Christoffel Grobler (aka Gareth Grobler).
Together the defendants feature in GSPartners related videos on the “G-Crypto” YouTube channel.
GSPartners alleges commentary aimed at GSPartners and the plaintiffs is defamatory.
Specifically, GSPartners object to the content of seven G-Crypto YouTube videos;
- Is G999 or “Gold Standard Business” a scam? | Part 1 (published Feb 6th, 2021)
- Is G999 or “Gold Standard Business” a scam? | Part 2 (published Feb 12th, 2021)
- Is G999 or “Gold Standard Business” a scam? | Part 3 (published Feb 23rd, 2021)
- Is G999 or “Gold Standard Business” a scam? | Part 4 (published Mar 2nd, 2021)
- G-Crypt Live | The one about the G999 takedown (published Feb 8th, 2021)
- Crypto News Review with BitcoinZAR | South Africa Week 9 (published Mar 3rd, 2021)
- G999 Intro Video Review Part 2 (published Feb 27th, 2021)
The GSPartners plaintiffs object to language used in the videos.
I’ve provided a sample list from the lawsuit covering one of the videos on the right.
Conclusions drawn from the videos, which the GSPartners defendants again object to, are that (quoted verbatim);
- they are dishonest
- they conduct and promote the business and products of GSPartners as a scam
- Josip Heit, the Chairman of GSP, is a criminal and a personal of low moral fibre and conducts a scam business
- Tony De Gouveia is a “pyramid marketing guru”, conveying that De Gouveia is a criminal and a person who uses illegal means to market GSPartners and as such is a dishonest and unethical person who employs unethical and criminal practice in his business dealings with the international community
- they are persons who employ business techniques and use business techniques used by “serpent wax salesman”
- the plaintiffs and the business of GSB is designed to deceive people
- the plaintiffs are traders and lies and a false business
- (GSPartners) is a scam conducted by dishonest people
- (GSPartners) is a dishonest business
- they prey on the weak and mislead them
- (GSPartners) is conducted and premised on unlawful principles and practices
- (GSPartners) is illegal and premised on criminal practices, i.e. it is a Ponzi and/or pyramid scheme
- (GSPartners) is conducted in contravention of statutory and regulatory laws and prohibitions
The GSPartners plaintiffs claim, citing 17,235 G-Crypt video views, that
on average 35,000 new members joined (GSPartners) each month since December 2020.
However, since publication of the YouTube videos, the new monthly membership has reduced by 66% for the months of February, March and April 2021.
GSPartners claims that each new victim recruited into the Ponzi scheme generates, on average, $250.
$250 is multiplied by hypothetically lost GSPartners affiliate investors between February to April 2021, totaling a monthly loss of $5.77 million.
- Tony De Gouveia claims he was earning $81,399 a month, which dropped to $40,077 from February 2021
- Bruce Hughes claims he was earning $16,547 a month, which dropped to $8027 from February 2021
- Andrew Eaton claims he was earning $31,306 a month, which dropped to $17,969 from February 2021
- Brendon Earp-Jones claims he was earning $10,979 a month, which dropped to $9129
That these disclosed incomes are a direct result of recruiting people into a Ponzi scheme, doesn’t seem to faze GSPartners or its promoters.
In light of their Ponzi income disappearing;
- GSPartners has made two claims, R25 million ($1.74 million) and $17.32 million
- Josip Heit is claiming R25 million ($1.74 million)
- Tony De Gouveia has made two claims, R25 million ($1.74 million) and $123,966
- Bruce Hughes has made two claims, R25 million ($1.74 million) and $25,560
- Andrew Eaton has made two claims, R25 million ($1.74 million) and $40,011
- Brendon Earp-Jones has made two claims, R25 million ($1.74 million) and $5550
The GSPartners plaintiffs are also seeking an injunction, removal of the allegedly offending YouTube videos and a public apology video.
The irony is that, in light of GSPartners being a Ponzi scheme, the above objected to statements are factually accurate.
The long and the short of it is Josip Heit was behind Karatbars International’s transition from gold pyramid scheme to crypto shitcoin Ponzi.
After scamming a bunch of people through a pump and dump launch, Heit split from Karatbars and went off to launch his own MLM crypto Ponzi scheme.
GSPartners is the same shitcoin Ponzi business model. The only difference is instead of Karatbars’ V999 token, GSPartners solicits investment into its own G999 token.
Oh and Heit doesn’t have to share what’s stolen with Karatbars owner Harald Seiz anymore. He’s running the show.
Despite offering a passive investment opportunity (invest in G999, number go up and withdraw previously invested funds), GSPartners is not registered to offer securities in any jurisdiction.
Namely Germany, where GSPartners is operated from, and the lawsuit jurisdiction, South Africa.
Karatbars International copped a securities fraud warning from South Africa in November 2019.
The blunt truth is GSPartners isn’t big enough to attract the same regulatory attention (note that Karatbars is nowhere near as big as it was in 2019 either).
While awareness of Ponzi schemes certainly can be attributed to their decline, singling out a random South African YouTube channel as the root cause of your scam’s demise is ridiculous.
Not in that the channel’s videos didn’t have an impact on your business, but rather you are running and promoting a Ponzi scheme that will inevitably collapse anyway.
At the time of publication Alexa ranks top sources of traffic to GSPartners as the US (58%), South Africa (15%) and India (4%).
Traffic to GSPartners’ website began tanking in late March. The bulk of objected to G-Crypto videos were published well before this period.
In addition to suing YouTubers, GSPartners’ latest ploy to keep their Ponzi scheme alive is JONE.
Like G999 (currently trading at $0.006), JONE is another speculative shitcoin that will go nowhere.
That’s if it even launches. GSPartners’ JONE Ponzi ruse is investing in J ONE Tower floor space.
J ONE is an Dubai apartment tower built by RKM Durar Properties.
Since GSPartners began promoting JSONE token earlier this month, RKM Durar Properties has claimed they have no knowledge of GSPartners or Josip Heit.
A timer on GSPartners’ website is still counting down to JONE token’s launch in five days.
The GSPartners Plaintiffs are represented by the law firm Otto Krause Attorneys.
The defendants are being represented by ENS Africa, who claim to be “Africa’s largest law firm”.
I have been informed the defendants intend to defend the suit. We’ll keep you informed of any further updates.
Update 2nd July 2021 – GSPartners has filed a second YouTube lawsuit in South Africa.
Dear South African regulators, this is what happens when you let Ponzi scammers run riot across your country.
Here we have serial scammers openly disclosing how much they were stealing through a fraudulent investment scheme. And they’re now suing a third-party over loss of income that was illegitimate to begin with.
FSCA, Hawks etc., get up off your arses and do your jobs already.
Just finished watching what was available,other than the odd jab at them being amazing salespeople the clips seem to be 98% aimed at the products. Can you defame a product?
Are the ponzi-purveyors such weak-balled whiny bitches that they need to try “recoup losses” from random youtubers I never heard of
If this goes to court, these guys will need to prove their ‘income’ and losses, so it will be interesting for them to open up their books to an audit.
Secondly, I would love to know if SARS in South Africa is aware of this income they are claiming to be making.
I am sure there are going to be a lot more ‘eyes’ on their finances when this goes to court. The tax man always wants his pound of flesh.
Lastly, after watching the videos, these guys are dreaming if they think a judge will rule in their favor.
There is no way in S.A court they will win based on the information in the video. The Streisand effect is going to make this public and will probably cement their unsavory reputation.
This will end badly for the idiots who are suing.
It will not be difficult to demonstrate that GSPartners is a Ponzi scam and Josip Heit is a crook with connections to East European Mafia.
By suing in court, they will end up demonstrating how utterly Ponzi it all is.
Now that I actually re-read their claims, did they actually admit for world+dog to see that they only make money because new people join?
Why don’t they put their money into G999 and become rich like they promise others?
Yeah, it’s almost like they have full confidence South African authorities won’t investigate a Ponzi scheme bilking locals out of hundreds of thousands each month.
Yes. Example: “Coca-Cola contains lethal levels of arsenic”. Corporations have the right not to be defamed same as natural persons.
But truth is still an absolute defence.
Isn’t that Disparagement though?
From SA Legal perspective:
In South African law the wrong of defamation is committed whenever anyone publishes a defamatory statement about another living person.
I actually can’t find any disparagement protection in South Africa on a cursory google.
Its one thing to convince others that your scam project is legit and have people hand over their BTC and ETH in exchange for $hitcoins.
It’s on a much higher level to have yourself believe that your scam project is worthy of defending to the point of laying claims against a you tube channel who is calling your scam out, and then turning to blame them for your loss of income and trying to sue them for “losses” incurred.
My take: They are busy planning an exit and need a smokescreen as a delay tactic while they plan their escape.
They will be dumb to stick around for more than 1 – 2 months if they wish to execute a successful exit.
Excellent Point there. I have heard it before but it may be worthwhile reaffirming: If the project is as wonderful as they say and returns are so great…..then why oh why are they extracting that amount of “profits’ each month, instead of reinvesting back into the “business” ?
The Jone is now June, after Josipt Heit was exposed as having NOTHING WHATSOEVER to do with the J One Building in Dubai.
Come on now, there’s still six hours to go. Plenty of time for Heit to come up with new bullshit to string investors along.
Actually Oz it seems like they might have renamed (forced to?) JOne to June token.
Ah. So what’s the new ruse then? Selling tOkEnIzEd days of the month?
June is also an island in Antartica. Doubt anyone could fact check selling tOkEnIzEd reale-estate there.
5 hours to go! (I know it’s likely nothing will happen when the timer runs down)
Lulz. Counter ticked down to 0:00 then reset for another 24 hours. Appears to be programmed to do that until someone intervenes.
Nothing on socials but a June 23rd GSPartners “launch event” announcement. Naturally it’s being held in scam capital of the world Dubai (where else?).
They have a live event coming up in 90 mins as a type
youtube.com / watch?v=uLLlk7FwwjI
15 minutes, comments disabled.
Might have a popcorn watch party if Heit has his shit together and isn’t boring.
We have video!
Lol, Heit hired an infomercial host and actor to host the event.
From an academic perspective it’s interesting to see who stole all the Karatbars/GSPartners victim money.
Most of the audience seems to be US and Africa. No Euro or Asian representation, unless they’re hiding in the dark.
Needs a Carlos Mattos moment, falling asleep.
One of the hosts mentioned the real-estate ruse. Waiting to see if they run with J One Tower even though it’s been debunked.
Hah! 3 mins of cringe stalling. This’ll be the best part.
edit: self-promotion, lol!
Lololol, fifteen or so photographers snapping Heit arriving.
I love how full of himself this man is.
Oh hey that’s that South African soyboy Tony De Gouveia flanking Heit.
If you look closely you’ll see Heit’s arm up Tony de Gouveia’s ass pulling that puppet’s strings.
I’m assuming this other sensitive sounding guy (on stage now) is Heit’s wife? (they arrived in a car together)
Fuck, he’s a blockchain bro. ZZZZzzzzZZZ…
OMG. You’re in a room full of top GSPartners scammers. You don’t need to pitch them.
Poor Alex still hasn’t hit puberty, not his fault.
See if you see Andrew’s shiny head, GiHuwhatevers are representing in full force.
Next speaker please ffs. WeB wAlLeT 2.0, MaStErNoDeS etc. I’m finna jump off the Burj Khalifa…
“We didn’t have the drop of the bitcoin…”
Bitch how you gonna have a bitcoin drop when G999 is circling the drain at $0.006?
You’re already at the substrate layer, there’s nowhere deeper to fall to.
Edit: he’s finished. Thoughts and prayers for whoever has to follow that.
This muted singer with the hooters out is still more entertaining then that other guy.
Yaassss! This is what I stayed up for.
That poor singer wanted to do one duet as part of her act. Now it’s turned into open-mic karaoke suicide ROFLOL. I’m dying here.
Now wtf is going on. Someone gets up to give a gift… now it’s a 1 mill g999 singing contest ($9090)
*Woman in red wanting to fade into the background*
Oh shit they dug up Euro Cher.
CARLOS MATTOS VIBES!
*sad Harvey Weinstein noises*
Big applause for crazy grandma!
*now get off my stage*
Redeemed themselves at the end. 10/10, would sit through again.
Dunno if tomorrow will be streamed. Hopefully.
I just realized they didn’t cover the JONE tokens. Downgraded to 8/10.
Website timer has been reset to 24 days.
[1:09:00] Our fav South Africa GSPartners scammers take to the stage.
GSB’s “new” building seems to have been outed.
Let’s just say it’s significantly less impressive than JOne :rotfl:
Looks like they spent about 68k on the light display
I had to duck out. Bailed when the sensitive guy was demoing some rEvOlUtIoNaRy g999 token transfer between accounts that was needed 100 scans of this and that and was taking 20+ minutes.
Lololol, new shitcoins.
XLT = Property tokens
Lydian Lions = Ponzi points for Lydian World
GSWorld/Lydian World = ripoff of Planet IX, Crowd1’s latest crypto Ponzi scheme “game”
#RIP J ONE tokens
Majority US audience wondering “where’s our US office?”
They know why. We know why. Lulz.
Gold Standard Partners and it’s shit-coin is a Ponzi scam, with links to East European Mafia. It always was!
FB Universe and V999 are also Ponzi scams.
Josip Heit was “Chairman of the Board” at the pyramid selling, Ponzi scam “Karatbars”.
Harald Seiz was “Chief Executive Officer” of the pyramid selling, Ponzi scam “Karatbars”.
East European human trafficker and Mafia criminal, Alex Bodi, was Josip Heit’s literal partner-in-crime at Karatbars. Alex Bodi is now under house arrest and awaiting trial for human trafficking offences.
Myself and several others did try to tell all the so called “affiliates” that all three were and still are Ponzi scams.
What happened to KBC and KCB?
What happened to the CEMs?
What happened to the Voice Over Blockchain phones?
What happened to the WHIM laptops?
What happened to the Bank in Miami?
What happened to the gold vault in Hong Kong?
What happened to the Madagascar Gold Mine?
What happened to all of that, as promised by Karatbars whose chairman was Josip Heit?
More recently, Josip Heit claimed to be issuing another shit-coin called Jone, which was supposed to have been backed by the J One property development in Dubai.
However, the property developer said neither they nor their J One property had anything to do with Josip Heit and GSP. Josip Heit lied AGAIN!
And so-called leaders like Brian McGinty and Michael Dalcoe are willing participants into a Ponzi scam with links to East European Mafia. They are as culpable as Josip Heit.
Myself and others (Crypt Talk Podcast, Grit Grind Gold, and Behind MLM) tried to warn affiliates that it is a scam, but we were ignored and ridiculed.
Josip Heit does not have the regulatory authority to open a bank.
Hell, even the Gold Standard Bank (GSB) website has the following disclaimer:
It is all a Ponzi scam! It always was!
Also one does not even need a bank for Cryptocurrency because it is decentralized and on a Blockchain. The Blockchain IS the bank.
Alex Bodi was at the event. Check his Instagram photos – instagram.com/officialbodialex/
This bloke had a regular weekly video which was a zoom recording covering GSPartners nonsense. Looks like he has seen the light and deleted the lot of them. Must be a lot of nervous affiliates out there
G999 had a brief pump recently ($0.002 – $0.007). I imagine a few cashed out while they could.
Andrew Eaton sold me lifestyle galaxy mining contracts..through one of his agents…..paid into his private bank account….all together R70 0000 rand…
after 3 years of mining bitcoin Lifestyle Galaxy inform me i have a negative balance….ie i owe them bitcoin…..i need help…im not the only one….
You fell for the “send your upline money directly” Ponzi ruse.
I doubt a collapsed Ponzi scheme is going to pursue you legally. They’ll probably send you some threatening letters.
Still, if you want to cover your bases this is a lawyer question.