GSPartners and Swiss Valorem Bank have received a securities fraud warning from Ontario, Canada.

As per the Ontario Securities Commission’s July 25th, warning;

GSPartners aka Swiss Valorem Bank, found at, is not registered in Ontario to engage in the business of trading in securities.

This is the equivalent of a securities fraud warning in other jurisdictions.

Recruitment of GSPartners investors in Canada is spearheaded by “Crown Ambassador” Nitsa Nakos.

Originally from British Columbia, Nakos’ FaceBook profile suggests she has fled to Greece.

GSPartners solicited investment in cryptocurrency on the promise of passive returns, paid out over 18 to 24 months (click below to enlarge).

Amid a barrage of regulatory fraud warnings from Canada; G999, GSTrade from Alberta and GSPartners from Quebec, GSPartners rebranded as Swiss Valorem Bank in late May.

After the Swiss Valorem Bank rebrand, GSPartners received additional fraud warnings from AlbertaBritish Columbia and Saskatchewan.

Through Swiss Valorem Bank, consumers are still being pitched on passive investment plans:

Swiss Valorem Bank operates from GSPartners’ website domain (“”).

Known associated shell companies include:

  • GSB Gold Standard Corporation AG (Germany)
  • GSB Gold Standard Bank LTD (Comoros)
  • Swiss Valorem Bank LTD (Kazakhstan)
  • IBBP Pay Services LTD (Kazakhstan)
  • GSB Gold Standard Pay Ltd (Kazakhstan)
  • CoinX24 AG (Switzerland) and
  • SVB & GSPartners Global Limited (Hong Kong)

As tracked by SimilarWeb, “” received ~568,000 visits throughout June 2023. The majority of that traffic originated out of the US (62%).

Canada is the second largest source of GSPartners & Swiss Valorem Bank website traffic, coming in at 6%. Recruitment is also on the rise in Greece (5%) and Russia (4%).

Neither GSPartners, Swiss Valorem Bank or any of its associated companies are registered to offer securities in any jurisdiction they solicit investment in.

GSPartners and Swiss Valorem Bank are run by former Karatbars International executive Josip Heit.

Heit, originally from Croatia, is believed to hold a German passport.

These days Heit spends most of his time hiding out in Dubai, from where GSPartners and Swiss Valorem Bank are also operated.