GSB GSPartners victim claims portal is live
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.
I bet this is a massive mess. Why should they be making an offer?
Should be a refund with no issues, and they already know who the net winners are.
Would love to know the amounts of claims streaming in.
Meanwhile they try to scam innocents with DAO1. It should be reported to SEC.
So have you reported this to the SEC? If not, why not?
To be fair,and i’ve dealt with these kinds of cases in the past – you’ll have so many people claiming all kinds of nonsense – the offers will be based on “Provable deposits” as opposed to just trustmebro claims.
Will we get investment $ plus certificates, interest?
If by “interest” you mean monopoly money returns that never existed, then no.
You can file a claim for what you yourself invested, minus any withdrawals.
They are asking for an incredible amount of information from folks that are not allowed access to log into their accounts to confirm the information before submitting.
Its like a game of poker. “Tell me how much money you think is in there… NOPE! You were wrong. We aren’t going to pay you now, because you only get one chance to provide the right answer”.
Why not allow people to log in to verify? They can turn off any options except view only if they choose. Seems like a setup.
If you can verify your identity, being off on the amount in your backoffice shouldn’t matter. Notwithstanding you should have financial records on your end verifying your investments.
Did some dodgy shit to get around regulations you don’t want to disclose? Oh well. You just learned a potentially expensive lesson.
Once a claim is submitted the data will be verified and claimants will have an option to challenge the determination as part of the process.
I suggest you stop spreading “pulled it out of my ass” conspiracy theories.
As to being let in to check your balance, that’s a question for GSB and Heit.