Apertum’s Texas fraud hearing set for April 8-11th
Apertum and owner Josip Heit are set to square off against the Texas State Securities Board on April 8th.
The scheduled hearing follows a TSSB securities fraud enforcement order issued last month, and subsequent request from Apertum and Heit for a hearing.
Apertum’s and Heit’s request for a hearing was received on April 1st. As per Texas’ Securities Act, a hearing is required to be scheduled within ten days upon receiving a request – unless the parties come to an alternative agreement.
Apertum and Heit (right) are represented by Quinn Emanuel. TSSB met with Quinn Emanuel on April 3rd.
Shortly after the meeting Quinn Emanuel requested the Apertum Texas fraud hearing be delayed till after August 2025.
TSSB declined on the grounds;
- Quinn Emanuel have been representing Heit for over a year;
- TSSB has been providing Quinn Emanuel with “voluminous evidence” since January 2024;
- specific to Apertum, TSSB has corresponded and provided Quinn Emanuel with “significant evidence” since November 2024;
- Apertum and Heit have publicly confirmed they will not comply with TSSB’s Apertum fraud order;
- Apertum token (APTM) is promoted as an investment and listed on public exchanges, which can be accessed by North American clients;
- APTM daily trading volume are reported to exceed $1 million;
- Apertum and Heit have announced an APTM listing on LBK Exchange Limited, dba LBank, who has offices in Colorado and California and is registered as an MSB with FinCen;
- Apertum and Heit have announced plans to list APTM on fifteen additional exchanges by the end of 2025, including exchanges “that permit US residents, including Texas, to buy tokens”;
- the Texas Securities Commissioner “has twice found Heit threatens immediate and irreparable harm to the public”; and
- Quinn Emanuel is “already well informed of the facts of the case and have drawn conclusions based on the facts as exhibited by a press-release published by Quinn Emanuel on April 3, 2025”
Based on the forgoing, including Respondents’ refusal to comply with Order 1889, any delay in setting a hearing on this matter may cause widespread immediate and irreparable harm to Texans – in addition to as many as 1,600 Texans believed to have already sent money to entities controlled by Respondent Heit in prior schemes.
In the cited April 3rd press-release, Quinn Emanuel claimed TSSB’s Apertum fraud enforcement order was “unlawful”.
“APTM is a utility token, not an investment contract,” said Avi Perry, co-Chair of the Securities Litigation Group at Quinn Emanuel.
“Neither the SEC nor any court would classify APTM as a security. In fact, the TSSB’s order itself acknowledges that APTM is only deployed through mining, and the SEC recently clarified that crypto mining does not involve the offer and sale of securities.
The TSSB’s accusations are entirely incorrect: APTM isn’t a security, and our clients didn’t offer it for sale in Texas.”
Quinn Emanuel did not cite any specific law in support of their claims.
Apertum is tied to the token APTM, through which Heit runs DAO1. DAO1 is a continuation of GSPartners, a “fraudulent investment scheme” Heit ran through Gold Standard Corporation (GSB).
Heit appears to be running Apertum through Apertum Holding Limited, a Brazilian shell company set up by Heit’s German lawyers on February 26th, 2025.
GSPartners collapsed in late 2023, following an avalanche of securities fraud warnings from US and Canadian regulators.
GSB, GSPartners and Heit entered into a settlement with North American regulators in September 2024. In March 2025 Texas pulled out of the GSPartners settlement, alleging violations of the agreement and additional fraud.
A hearing on that matter, which dates back to TSSB’s original November 2023 GSPartners fraud enforcement order, remains scheduled for April 14th to 17th.
The Apertum Texas fraud hearing will be conducted by the State Office of Administrative Hearings (SOAH). April 8th and 9th have been locked in, with April 11th set aside in case a third day is needed.
Details have yet to be confirmed but as I understand it members of the public will be able to attend the hearing over Zoom.
I’ll leave an update below once details of public attendance have been confirmed.
Update 8th April 2025 – The Apertum Texas fraud hearing has been delayed to May 2025.
This website has recently popped up and appears to spell out how the MLM part of this works. (Ozedit: URL removed, see below)
Looks like a copy paste of GSP, but with a few words changed.
That URL has DAO1 referral links. Either it’s a recruitment site for a corporate account or an affiliate investor.
Either way, disabled due to potential marketing.
The top dogs at DAO1 was even brave enough to call out the Texas regulators for not reading, even using the word laziness. I’m not a chess player, but that was a bad move.
I only wish that Heit had been required to attend the hearing and testify under oath. Instead his lawyer will do his usual song and dance arguing the Texas authorities do not have jurisdiction and they are not violating US security laws. Same ole BS they always claim.
It will be interesting to see the outcome though, but more importantly how Heit and company will not obey any ruling reached by the hearing against him and Appertum.
Bruce the scamming pastor has made millions from his involvement in various Ponzi schemes over the years! From Lifestyle Galaxy through to Karatbars and GSP!
I wonder how much of his millions he has given back to the church! Still amazes me how many worship him like a God!
A quick google on their rules and it looks like they require witnesses to cross question if documentary evidence is supplied. GSB and TSSB will provide each other a list of exhibits, witnesses and other evidence at least 3 days prior (I wonder if we will get to see these filings before the hearing)
I have to wonder if Bruce and Dirc not responding is tactical to prevent them from testifying?
I wonder if JH and his behind the scenes team shows Bruce the real business (human trafficking and what not) if he would still passionately continue to train future victims/scammers.
Apertum wealth coaches in Australia openly laugh about working with the Russian Mafia and say that it aligns with their values. A couple of the circulating videos from Martene Wallaces team are here –
bsky.app/profile/spookychicken.bsky.social/post/3lluuadnggc2p
bsky.app/profile/spookychicken.bsky.social/post/3lluuxz27l22p
Apertum, Bilionico,G999, Karatbars all scams and ran by top scamers.
Andrew Eaton claims to be the top guru in South Africa, aftr Tony de Goveya dissapeared ,with his downline all over the world many are unhappy about his promises and I for one believed him when j put money into G999 BUT I will get my money back some way or the other.
@Artemis one of Niel Captain Dewaal’s downlines accused him of fraud and got him arrested. Apparently they settled out of court. Maybe you can do the same.
I am getting more info on where he resides, as said I will get my money back one way or the other.
I see people in South Africa must contact a van Rensburg fellow to lodge a claim, but it might be a stalling tactic to buy time.
@Artemis Eaton is hard to track down. He has an apartment in Cape Town that he often hangs around at. If not, then Fairway Drive in Salt Rock.
He would have also left the country like Pastor Hughes if he didn’t have Autistic children holding him back. So he’s living a stressful life as the “investor” pool dries up and he spends his life running scared.
sounds like some have continued on from the US?
@artemis its a fools errand thinking you will get your money back that way not to mention illegal. Go lay a charge of fraud if you have evidence to support it.
All it would take would be around 10 complainants and you have a prosecution. No complainant means no crime means no charge and everyone’s apathy enables Eaton and the like to run around unabated.
@Artemis, I would follow the advice by @Canary. Eaton seems to slip out of the limelight with every rug pull that he is involved with. A fraud charge would go a long way in hopefully putting him behind bars.
If he were to come crashing down, he would drag the likes or Ray DeBruin, Tony DeGoveia and hopefully slippery Bruce Hughes with him.
These guys have been instrumental in stealing millions from South Africans with absolutely no remorse.
They are either too stupid to understand what a Ponzi scheme is, or they are spineless thieves that are only looking for self enrichment at the expense of others. I think it may be the latter.
The guys mentioned above have stellar MLM credentials. Herewith a few career highlights of the schemes they’ve been involved with:
YOBSN
Skill Dragon
DragonMine
Lifestyle Galaxy
Karatbars
GSPartners
GSPro
GSPro+
DAO1
Add to that Mirror Trading International.
Status update:
We are approaching 9am Texas time, it’s currently just after 5am as I write this.
When I checked the SOAH case docket list yesterday the Apertum/Heit case was still up for hearing on April 8th at 9am. I just checked it again and the case has been removed from the April 8th docket.
I ran the case number and I’m getting a new hearing date of May 27th and 28th. It seems the hearing was rescheduled yesterday.
I don’t have a reason for the delay as I don’t have access to re:SearchTX. If anyone does and wants to share the filings, the case number is 312-25-16274.
I ran the GSB hearing case number and that too has been delayed till August 11th, 2025.