The GSPartners victim claim portal has been delayed till sometime before the end of 2024.

The GSPartners settlement is being handled by the appointed third-party AlixPartners.

When the GSPartners settlement website went live in September, the claims portal was “expected in early November”. The reason for the delay has not been disclosed.

It is unclear whether AlixPartners is communicating directly with GSPartners victims. BehindMLM reached out to AlixPartners on September 19th, seeking clarification on what victims could claim on. To date we haven’t heard anything back.

Launched in 2020, GSPartners was a fraudulent investment scheme run by GSB. GSB and GSPartners are both owned by Josip Heit (right).

Originally from Europe, Heit is has been primarily based out of Dubai for some years.

Following over a dozen securities fraud warnings and enforcement orders from regulators, GSB reached a settlement with certain North American regulators.

As provided on the GSPartners settlement website as of November 20th, 2024, jurisdictions GSB and GSPartners have settled with are:

  1. Alabama
  2. Alaska
  3. Arkansas
  4. Arizona
  5. California
  6. Colorado
  7. Connecticut
  8. Delaware
  9. District of Columbia
  10. Georgia
  11. Idaho
  12. Illinois
  13. Indiana
  14. Kentucky
  15. Maine
  16. Minnesota
  17. Mississippi
  18. Nebraska
  19. New Hampshire
  20. New Jersey
  21. Oklahoma
  22. Oregon
  23. South Carolina
  24. South Dakota
  25. Tennessee
  26. Texas
  27. Vermont
  28. Washington State
  29. West Virginia
  30. Wisconsin
  31. Alberta (Canada) and
  32. British Columbia (Canada)

Under the terms of the settlement, GSB and GSPartners will refund victims who invested anything into its multi-tier investment schemes.

When the claim portal does go live, GSPartners victims will have 90 days to submit a claim.

Then, assuming GSB and GSPartners actually refund victims;

GSB Group and Mr. 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.

While the GSPartners settlement pertains to state-level alleged fraud, BehindMLM has also previously reported on federal investigations into GSB, GSPartners and Heit.

As is standard for federal US investigations, the ongoing status of the investigations is non-public.