The GSB settlement claims portal is live.

From today, GSPartners victims from thirty-four US states and six Canadian provinces can file a claim.

Under the terms of the settlement, GSB and owner Heit (right) have agreed to refund GSPartners victims in full.

This includes any money invested in any of GSB’s GSPartners schemes, dating back to launch in 2020 (G999 through Metaportfolio certificates and everything between till November 2023).

For reference, participating jurisdictions in the GSB settlement as of the claim portal opening are:

  • Alabama
  • Alaska
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Maine
  • Minnesota
  • Mississippi
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • Oklahoma
  • Oregon
  • South Carolina
  • South Dakota
  • Tennessee
  • Utah
  • Vermont
  • Washington State
  • West Virginia
  • Wisconsin
  • Alberta (Canada)
  • British Columbia (Canada)
  • Manitoba (Canada)
  • New Brunswick (Canada)
  • Nova Scotia (Canada) and
  • Ontario (Canada)

GSB/GSPartners victims have until May 22nd, 2025 to submit their claims. It should be noted that victims are being encouraged to submit whatever relevant and supporting data they have.

I’ve heard reports of GSB demanding all sorts of nonsense for victims in non-settling jurisdictions attempting to file refunds. This is not the case for North American victims filings claims through the GSB Settlement website.

From the GSB Settlement website;

GSB and the Claims Administrator will endeavor to make a fair and reasonable offer of settlement based on the documentation provided.

It is important that every GSB customer provide transaction details, amounts, or other verifying information to the best of your ability.

We will only make one offer per user account. Investors with multiple accounts will need to file a separate claim for each account.

You do not need an attorney to submit a claim. You are free to consult with an attorney and be represented by an attorney in filing your claim.

GSB and AlixPartners do not advise you on whether to engage an attorney, recommend specific attorneys, or provide referrals to attorneys.

If you are represented by an attorney in connection with your GSB account or outstanding balance, we can only communicate with you directly about technical questions (e.g., website questions).

Please route any other questions to us through your lawyer and we will communicate about your claim, including your offer, through your lawyer.

After the claim submission period ends, AlixPartners will begin processing claims and verifying data. This will be done based on data provided by GSB to AlixPartners.

Once GSB has refunded all GSPartners victims with valid claims, 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.

Note that there is currently no timeline for anything beyond the May 22nd claims submission deadline. BehindMLM is also unable to assist GSPartners victims with settlement claims.