In addition to GSPartners executives Dirc Zahlmann and Bruce Hughes, it’s been revealed that Billionico CEO Frank Deyle also attended a recent marketing event held in Queensland, Australia.

Also present was Terry Lee, a cited representative of Auratus.

Frank Deyle took to the stage at at least one event, cited as Billionico’s CEO.

Deyle also posed for photos with Australian Auratus promoters.

Deyle is an associate of GSPartners CEO Dirc Zahlmann. The pair have been working together since Healy World circa 2020.

Deyle and Zahlmann left Healy World to join GSPartners in or around 2021.

Not much is known about Terry Lee. He appears to be a random frontman based out of Hong Kong.

Both Deyle and Lee were cited Respondents in a Billionico securities fraud cease and desist, issued by the Texas State Securities Board in April 2024.

Order No. ENF-23-CDO-1879 is being challenged by Josip Heit, GS Partners and other corporate respondents.

It is, however, final and not subject to appeal as it relates to Swiss Valorem Bank Ltd, Dirc Zahlmann, Bruce Innes Wylde Hughes and Aline Lima.

“Order No. ENF-23-CDO-1879” refers to a prior Emergency Cease and Desist Order the TSSB issued against GSB, GSPartners, owner Josip Heit, Dirc Zahlmann and others in November 2023.

After or around the time Order No. ENF-23-CDO-1879 became final against said parties, Frank Deyle, the Marketing Advisor and Advisory Board Member for Swiss Valorem Bank Ltd and a promoter of products for GS Partners, began promoting Billionico Academy.

Billionico Academy was initially advertised as an educational platform that issued memberships sold through commissioned sales agents tied to a multilevel marketing scheme.

However, Frank Deyle and others began telling clients it would begin offering investments on April 19, 2024.

Terry Lee (“Respondent Lee”) purports to be a gold company operating in Hong Kong.

On April 19, 2024, Billionico Academy began offering investments in a digital gold vault issued by Respondent Auratus, represented by Terry Lee, that purportedly secures physical gold and generates passive income using fintech and blockchain technology.

Respondents Billionico, Primus Liquidity Holding, Elite Club World, Daniel von Lison, Marina von Lison, Deyle, Riander, Ifionayi, Peacock, Auratus and Lee (collectively the “Respondents”) have not been registered with the Securities Commissioner as dealers or agents at any time material hereto.

It is therefore ORDERED that Respondents immediately CEASE AND DESIST from offering for sale any security in Texas until the security is registered with the Securities Commissioner or is offered for sale pursuant to an exemption from registration under the Texas Securities Act.

Billionico was originally fronted by Daniel Markus von Lison, another German frontman connected to Zahlmann.

Von Lison hasn’t made any Billionico related public appearances since TSSB’s fraud order. Whether von Lison is still attached to Billionico remains unclear.

In the meantime, it appears Deyle has been charged with being the face of the company.

GSB and GSPartners owner Josip Heit, a convicted fraudster, also looked set to attend and speak at the October 2024 promo events.

After touching down in Brisbane however, Heit represented he had abruptly scuttled back to Dubai a few days later.

The reason for Heit departing Australia mid-week prior to the Auratus promo events kicking off remains unconfirmed.

ASIC issued a separate standing GSPartners securities fraud warning in November 2023.

Up until very recently, Auratus was all that was being promoted in Australia. Billionico was being promoted in South Africa, but that quickly died off following a GSPartners related arrest earlier this year.

The pivot to Billionico in Australia could be tied to the Australian Securities and Investments Commission (ASIC), issuing two Auratus related fraud warnings in recent months (August 2024 and September 2024).

From a regulatory compliance perspective focusing on Billionico branding is meaningless.

As evidenced by TSSB’s fraud order, Billionico and Auratus are effectively one and the same. Beyond that, both are essentially a continuation of the collapsed GSPartners fraudulent investment scheme.

Still, that Billionico has only thus far been explicitly flagged for fraud by US authorities could embolden local promoters. At least until Billionico-specific fraud warnings are issued.

Outside of the small group of mostly Australian Auratus promoters, GSPartners victims are waiting on the launch of a GSPartners victim claim portal.

As part of a two-part settlement with North American authorities, GSB and Josip Heit (right) have agreed to refund North American investors.

Following a ninety day claim period and honoring of refunds, the second part of the settlement will see GSB and Heit

will consent to the entry of an enforcement order that concludes they illegally offered and/or sold securities that were not registered pursuant to state law.

AlixPartners, a mutually agreed upon third-party, previously communicated the GSPartners claim portal would go live in “early November”.