GSB & Apertum Texas fraud hearing schedules
In order to avoid publishing multiple articles with respect to changing GSB & Apertum Texas fraud case scheduling, this article will be updated with the latest on both proceedings.
For reference, the parties involved in each case are:
Texas State Securities Board (TSSB) v. GSB
- TSSB (Petitioner)
- GSB Gold Standard Bank LTD, dba GS Smart Finance, Gold Standard Partners, GSPartners, GS Partners and GSP (Respondent)
- GSP Gold Standard Banking Corporation PLC (Respondent)
- GSB Gold Standard Corporation AG (Respondent)
- GSB Gold Standard Pay Kommanditbolag, aka GSB Gold Standard Pay (Respondent)
- Gold Standard Pay LTD, aka GSDEFI (Respondent)
- GSB Gold Standard Trade (Respondent)
- Josip Heit (Respondent)
TSSB v. Apertum Foundation
- TSSB (Petitioner)
- Apertum Foundation (Respondent)
- Josip Heit (Respondent)
- Dirc Zahlmann (Respondent)
- Bruce Innes Wylde Hughes (Respondent)
- Dennis Christopher Loos (Respondent)
With respect to the GSB fraud hearing scheduling;
- on April 1st a hearing across August 11th to 14th was scheduled
- on May 7th GSB requested a second continuance, citing a “continued unavoidable scheduling conflict” and “now-overlapping deadlines relating to the Apertum Matter”
- on May 16th GSB’s motion for a second continuance was granted, rescheduling the GSB hearing for October 20th to 24th
With respect to the Apertum fraud hearing scheduling;
- on April 14th the court granted a previously filed GSB motion for continuance, scheduling the GSB fraud case across June 2nd to 4th
- on April 23rd GSB filed a Motion for Special Exception, citing alleged deficiencies with the Texas State Securities Boards’ Apertum Foundation emergency cease and desist order
- on April 30th the Texas State Securities Board filed its response to Apertum’s Special Exception filing, requesting it be denied or a hearing on the motion be set
- on May 3rd Apertum filed a motion requesting a prehearing conference between May 27th and 29th
- on May 5th Apertum filed a Motion for Summary Disposition, seeking to dismiss the case on the basis “TSSB lacks jurisdiction” and TSSB “has failed to state a claim on which relief can be granted”
- on May 16th Apertum filed a motion requesting a prehearing conference be scheduled for May 19th or 20th, to discuss TSSB’s plans to introduce “approximately 1500 exhibits”
- on May 20th the TSSB filed a motion requesting a continuance of the June 2nd scheduled hearing, “due to the need to lengthen the hearing time” (Apertum objected to the motion claiming “no legal authority”)
- on May 20th the TSSB filed its response to Apertum’s Motion for Summary Disposition, arguing that under Texas law it had “no affirmative duty to produce evidence prior to the hearing on the merits”
- on May 28th TSSB’s motion for a hearing continuance was granted, citing earlier requests from Apertum and Josip Heit to schedule a hearing between October 27th to 31st or November 3rd to 7th (the court scheduled the Apertum hearing for November 3rd to 7th, or alternatively August 11th to 15th)
- on May 28th Apertum filed a motion seeking reconsideration of the November 3rd to 7th hearing, requesting the hearing take place as scheduled on June 2nd to 4th with a two-day extension, if required, scheduled at a later date
- on May 29th the court denied Apertum’s motion for reconsideration, stating the Apertum Respondents’ “current stance is at odds with [earlier] arguments” and prior agreement “to a later hearing date”
As it stands the Apertum Texas fraud hearing remains scheduled for November 3rd to 7th, 2025. An order on Apertum’s “special exception” filing remains pending.
It should be noted that both the GSB and Apertum Texas fraud hearing are “in person”. This means all GSB and Apertum Respondents are required to attend the hearings in person.
TSSB has confirmed it intends to question all individual Respondents during the Apertum fraud hearing for one to two hours.
Of note to GSB GSPartners victims, in one of its filings GSB stated it “reasonably estimate[s] that the Claims Process will be completed in approximately July 2025.”
To date there has been no official communication from AlixPartners with respect to timelines.
Any further case developments will be published below as updates.
Meant to get to this late last week but we had a bit of a weekend.
Hat tip to the BehindMLM reader who sent all the filings in.
i wonder if claims process complete by july 2025 means victims paid back? wonder what is the source of this info? desperately waiting.
Source of the info is GSB. AlixPartners hasn’t made any public statements.
From what I understand from the GSB communication’s to downlines is that the 3 month period was just for claimants to send in their claims.
Now that the claims window is closed, Alixpartners will engage with GSB and may contact individual claimants should they need clarity or there is a dispute. There is no time allocation/limit on this part of the process.
I understand that GSB is giving a soft deadline of July as to when claimants should get their offers. The July date may also be to “manage expectations” of those who were promised that their money would transfer to DAO1 after the claims process has completed.
Based upon GSB’s promise that no connected parties would be able to offer US or CAN citizens products, I dont understand how this is going to happen.
It may take longer, or we could even see some states pull out of the agreement if they can show that GSB has breached the agreement or is not acting in good faith.
There are a number of readers here who are part of or know people involved in the claims process. It would be great if any of them could confirm/deny or update us.
@johnny5 – have you heard anything more from your side?
it’s all BS there will probably never be any kind of settlement.
this is how GS partners operates take what they can get and run and hide these kind of people won’t show there faces in the USA. That’s how Chicken they do there scamming.