GSPartners’ developer sent Movenpick cease and desist
As part of our coverage of GSPartners’ XLT Ponzi token launch, BehindMLM got in touch with Accor Group about a week ago.
Accor Group owns the Movenpick brand, and we wanted to know if they were OK with GSPartners using one of their properties in Dubai to promote their XLT Ponzi points scheme.
A few hours ago I received a reply from Accor Group’s Investor Relations Team.
Quoted directly from Accor Group’s email;
For your information, Mövenpick has not authorized the use of its trademarks in this offer and has required the property developer to immediately cease and desist.
Investor Relations Team
The “property developer” Accor Group has directed its cease and desist to is not named.
My own research led me to Richreit Real Estate Development, who claim Movenpick
signed a management agreement with Richreit Real Estate Development for one of its most high-profile projects, Mövenpick Hotel Apartments Business Bay, located in Dubai’s sought-after Business Bay district.
With a vision to create state-of-the art residential projects that serve as a benchmark, Richreit assigned the renowned Swiss management company Mövenpick Hotels & Resorts to manage the new Hotel Apartments tower in Business Bay.
Photos on Richreit’s website match the building featured in GSPartners’ marketing videos.
If Richreit has been sent a cease and desist, by extension it should also apply to GSPartners and Driven Properties.
Driven Properties is a property brokerage firm.
The company’s Managing Director, Abdullah Alajaji, spoke on stage at a GSPartners’ marketing event held in Dubai last month.
It was represented that Driven Properties brokered a property deal between GSPartners and Movenpick.
Through communication with Accor Group, we have now established that is a completely false representation.
What happens next is unclear. With GSPartners unable to use the Movenpick’s apartments to promote their Ponzi token, one would assume the XLT launch is dead in the water.
GSPartners hasn’t issued any public statements regarding Movenpick or their XLT token since the July event.
GSPartners’ originally intended to launch JONE tokens in conjunction with J ONE Towers.
That launch was abandoned when J ONE Towers’ property developers also denied association with GSPartners and Heit.
While there is no mention of XLT or Movenpick’s apartments on GSPartners’ website, the Dubai marketing videos announcing the partnership are still available.
Oh how will Jospit Heit and his useful idiots explain away this one!
Owen Millet, aka Golden Independence, over to you!
The most bizarre response from koolaid drinkers I have seen regarding the failed J One deal, is that Mr Heit does not sign bad deals with dodgy developers.
I wonder what they are going to say about this. Another dodgy developer Josif wants to avoid? By their account, he is the transparent one and they are the scammy ones.
I thought GSPartners had sent Movenpick the cease and desist for calling out their scamming when I read the headline.
To be fair you can read it as “GSPartners’ developers were sent” rather than “GSPartners’ developers have sent” but it’s at best ambiguous.
Damnit Malthusian. What has now been seen cannot be unseen.
Of all the efforts you’ve expended over the years exposing frauds and scams, this is by far your best effort.
I commend you for this one…you have, no doubt, saved more than just a few souls a lot of pain and frustration. Kudos.
This was how I read it too initially, I was like WTF?
I thought it was weird that Movenpick did not publish anything about the “partnership” on their social media or any online platform. So I started writing emails to try find out more.
At best I was told that noone had information and I should contact GSB. Which is also odd.
If it was such a big deal that it was announced at the launch why would anyone be so cagey about the deal?
And why would your sales team not have any information about the
supposedly groundbreaking project. It never added up.
I suspect that there was hope that the initial offering of the coin would allow them to buy the properties.
Also the whole idea that you can tokenize real estate is odd. A token is not the same as ownership.
Would Accor Group / Mövenpick like to receive Youtube links with exact times when their logo is being used to sell a product that they may not have an agreement with?
If they don’t support that, perhaps they can ask Google to take those videos down.
It appears John from Team Blockstars is certainly doing it:
youtube.com/watch?v=2nBE5nfariI shows [from 23:50 till 25:39] the Mövenpick logo while showing a price per Sq Ft and saying that it will generate yearly passive income @6% (spoken it says 6% to 8%) while the title indicates participants will “Own a piece of DUBAI”, so it certainly hints at selling Mövenpick Hotels & Resorts property in Dubai.
Then [from 35:14 till 35:49] runs a slide that shows the tokenized real estate building Dubai-based represents more than 28500000 tokenized property square inches.
It is a bit puzzling though, as the first part shows amounts in XLT and USDT per 100 Sq Ft; which in phase 1 appears to be 138672 USDT per 100 Sq Ft.
Then the 28500000 (square inches) = 197916.667 square feet, so that would be 1979 units of 100 Sq Ft (when rounded down); representing a value of 1979 x 138672 USDT = 274431888 USDT. So at least 270 million USDT and thus about 270 million USD.
The maker of the mentioned Team Blockstar video also explains in that video that partners (including himself obviously) would make commissions on selling such tokenized property square inches.
There are so many bonuses and ways to make money that I lost track, but assume it is save to say 15% to 30% of that 270 million USD would be granted in commissions to the GSPartners; which is 40 to 81 million USD.
Now, when Accor Group / Mövenpick Hotels & Resorts has a deal and sees Multi Level Marketing (MLM) as the way to sell tokenized property square inches to the public, then I’m sure they are perfectly fine with the GSB Gold Standard Group, the GSPartners, and Team Blockstars to make these kinds of commissions and use their logo, trademarks and their name in the promotion videos as now is done.
However, if perhaps this isn’t exactly what Accor Group / Mövenpick Hotels & Resorts agreed, then taking these videos down from Youtube until those sections are removed might be an appropriate action for them to take.
So it would be interesting to know their position on this. Can anyone already in contact perhaps ask them about the above?
As somehow I have a feeling that not only 40 to 81 million USD, but the whole 270 million USDT will be gone without any money going to Accor Group / Mövenpick Hotels & Resorts at all… perhaps I’m wrong and we just need to wait for the media release.
I found it pretty easy to get in contact with Accor Group through their website. Don’t have a direct contact within the company though.
Response time was about a week if you reach out to them.
I see all references to Movenpick was removed from the gswealth.global website.
For a bunch of con-artists that love lawyering up they seem shit scared of ANY whiff of legal threats heading their way.
They are still promoting real estate, despite being proven liars…
I noted this in the article (July 9th):
We have a serious Kool Aid drinker here. That card is going to solve all world problems by the sounds of things.
Interesting that towards the end he goes off to do what this is really all about, recruit, recruit, recruit.
I’d also advise him to buy a nice shirt before spending his money on a Tesla.
It’s no longer Movenpick and no longer JOne. Instead, they are going to have a whole new building with a lion on top.
Thanks for that. Wasn’t able to get to this yesterday.