GSPartners under investigation for fraud in Texas
The Texas State Securities Board has confirmed it is investigating GSPartners for “engaging in an international securities fraud scheme”.
GSPartners was cited as one of the fraudulent investment schemes being promoted by respondents Josh Berman, Sean Kelly and the Berman Investment Group (BIG).
In connection with the offer of (BitSports’) Arbitrage Memberships, as described herein, Respondents Berman Investment Group and Berman are claiming they have a “100% success rate” with “every team member making money” and “no losses”
incurred by a team member.
The(y) are, however, intentionally failing to disclose any information about profits or losses associated with investments issued by … GS Partners, a multilevel marketing company being investigated by th Enforcement Division for engaging in securities fraud.
GSPartners is a Dubai-based Ponzi scheme run by Josip Heit (right).
Through “certificates”, GSPartners solicits investment in cryptocurrency on the promise of up to 5% a week.
Neither GSPartners or Josip Heit are registered to offer securities in any jurisdiction.
Earlier this month BehindMLM confirmed GSPartners is under investigation by the CFTC, SEC and Alabama Securities Commission.
Given the number of confirmed US civil regulatory investigations, it’s assumed a GSPartners criminal investigation is also underway.
Update 17th November 2023 – TSSB has filed an emergency cease and desist against GSPartners and Josip Heit.