GSPro terminates all US GSPartners investor accounts
GSPro has announced it is terminating all GSPartners investor accounts.
The new update went live following unscheduled website maintenance sometime yesterday.
Earlier this week US investors were able to access GSPro’s website. The “alert” on the site advised that GSPartners was only terminating accounts in the states it had been served cease and desist orders in.
GSPartners, along with related entities and individuals (collectively, “The Companies”) … are not doing business in Alabama, Arizona, Arkansas, California, Florida, Kentucky, New Hampshire, Texas, Washington, and Wisconsin.
Nor are we offering any services to, engaging in any transactions with, or accepting funds from residents of those U.S. states.
BehindMLM marked this announcement as the beginning of GSPartners’ collapse.
Following maintenance on GSPro’s website yesterday, US traffic to GSPro’s website now appears to be geo-blocked.
Visitors to GSPro’s website from the US are shown a new “alert” message:
GSPartners along with related entities and individuals (collectively, “The Companies”), have been served with cease-and-desist orders and other legal process by the U.S.
The Companies have ceased doing business in the United States.
We are not offering any services to, engaging in any transactions with, or accepting any funds from U.S. customers. No new U.S. customers will be permitted to register.
In less than three days GSPro has gone from avoiding state regulators to pulling out of the US entirely. This isn’t surprising, seeing as US state securities law isn’t any different to federal US securities law.
From a business operations standpoint, GSPro pulling GSPartners out of the US is a disaster. Carrying over from Karatbars International, the overwhelming majority of GSPartners investors are US residents.
In what appears to be an attempt to stave off a flood of complaints to regulators, namely the SEC and CFTC, GSPro is touting refunds to US GSPartners investors.
Any existing U.S. customer accounts are in the process of being closed, as are all existing accounts without proper “Know Your Customer” documentation on file.
Withdrawals or refunds will be provided upon request to eligible U.S. customers whose accounts have been closed.
What makes a US GSPartners investor “eligible” for a refund isn’t disclosed.
It should further be noted that on the GSPartners corporate call held on Monday, there was no indication to US investors that their accounts would be closed.
Neither GSPartners or GSPro have addressed securities fraud warnings issued in Canada, South Africa or Australia.
“eligible”
Probably:
* If you have referred someone who made a deposit
* Will accept only refund of your deposited funds and
* Sign a waiver of no liability and no participation in any legal action
Taking bets.
H’yelo ladies and gentlemen. I am Hosip Jeit, Chairman of the Bawd, GSPro. I am here to tell you not to worry.
We are offer full refund to all US GSPartners members, so long as you don’t live in US.
We are always offering full transparent, and I wish you all the best. *turns off camera & takes massive hit on bong*
* Addendum
Please be aware as we cannot make foreign payments to US due to AML regulation you need a bank account in Georgia to receive a refund.
** also all refunds will be made in G999
What? No Lion NFTs? Gah
Speaking of Lion NFTs, you see what they done to Lydian World – Master Channel?
Ol’ Harry had to manually remove “GSPartners” from every video title and replace it with “Lydian World”. Now he’s uploading videos about the dead NFT “game” nobody cares about.
Must have hurt being told to shut up after years of loyalty. Poor ol’ Harry, Heit shut him down overnight.
G999 to the moon, hahaha.
To be fair, Heit’s scam has been the gift that keeps on giving – dying and reviving on every trend.
I’m surprised we aren’t on the AI something yet (no, the AI “trading” doesn’t count).
Andrew Eaton, Bruce Hughes, Brendon Earp-Jones, hope you enjoying your Christmas whilst all the pensioners, and other desperate individuals lost all their life savings!
Then again this is not your 1st rodeo and you guys have all been involved in countless Ponzi’s so you don’t care! You all a bunch of psychopaths.
If only the South African authorities were as affective as the US in taking down the top promotors of Ponzis.
So scamming just continues via GSPro. Which seems to be the exit scam or possibly transition into a trading ruse via the swiss value platform.
I am eagerly awaiting what Michael Dalcoe has to say about it all.
Probably nothing, as he has removed all the incriminating GSP videos from his channel. Although he cannot take down the videos on other peoples’ channels.
One can but hope that people he scammed come after him.
So what about g999?
According to Heit , just be paashient with g999 ,because vit paashiens vill kum the revord. Vee hav sumting very spesiaal wit g999, ladies and gentlemen.
Vil be very happy !! on siztien zanuary , so stay plugged !!
Heit – We are following regulations which are changing , we are adopting to it , ladies and gentlemen.
Non members with products, they will be able to access swiss value at midnight utc time ladies and gentlemen to………. see their products ………. are you getted this message ?
PS : please do not ask any questions without checking with your sponsore or upline first , especially if they are no longer in the programme so its less hassle for us to deal with such bad actors.
How can we access that video?
Uh…
check previous comments and posts.
I was considering hat GSPro could be the transition into the next scam. Bruce Hughes seems pretty convinced that they can run this scam till september 2024, Which means that should investors decide to boost their packages, affiliates like Bruce, Andrew, Michael and Tony, all have multiple accounts, which is not allowed, presenting them with the opportunity of milking the system much harder than anyone else can.
Why? Because that is what all of the top leaders in Hyperfund did. Same strategy, same as MTI. Multiple account structures, multiple streams of income.
They tell you to compound, while they withdraw $10’s of 000’s of $$ of crypto every week.
The accounts which they show you, are the ones which they want you to see. How else can south africans in a ponzi scheme go to court and claim loss of income of 10’s to 100’s of thousands per month. How could this be if they are compounding?
The only way that this is logically possible, is if they were actually withdrawing. Thats what monthly income is.
At least that is how I understand it to be. You work ,and then you get paid end of the month. And this is their job. This is what they do. They promote scams, take advantage of the loophole, because they are close the the actual scammers themselves.
Dont believe me… go check recordings of events. They all know each other, go on holidays together, they can be seen together touring, having a blast, while you go compounding and recruiting, buying more certs, they are withdrawing and spending it on themselves.
Its well documented, you just have to look around.
Someone needs to tell Andrew Eaton that the game is up. He still posts videos showing how he is jetting around spending investors’ money.
youtube.com/@GoHugeWithAndrewEaton/videos
No one needs to tell him, he knew when the gravy train will stop. He will be enjoying his ill gotten gains until he is ready to run the next scam.
I just wonder if it will be in partnership with JH again.
Re. Eaton, those are all scheduled PR videos. Probably from the same marketing mob Eaton paid to put out all that press-release spam a few months back.
From Eaton’s YT channel I had a look at ol’ Harry’s Lydian World – Master Channel again out of curiosity.
Less than 24 hours from my last comment the whole channel has been nuked. Any reference to Lydian World is gone, it’s just “The Master Channel” now.
Heit did ol’ Harry more than dirty. No lube innit.
Everybody is a tool to them, nothing more.
I know but imagine deepthroating for that long only to have it ordered gone overnight.
Jacobus van Schaik uploaded over 1500+ videos to the channel over the years IIRC. Dude must be having a mental breakdown.
Makes it all worth it.
Eaton sees himself as the next Eric Worre! His absolute hero! Dresses like Eric, copies him in ever way!
Reckon Eaton’s master plan is to start a training business modelled on MLM’s biggest Whore!
Whorre must charge exhorbitant fees to appear as a guest speaker at any event. my guess is $50k upwards. would that be far off ?
Try 10-20x that
Probably demands a top position in the Ponzi / Pyramid next to some direct payment. The direct payment could be limited in that scheme and all fraudsters benefit.
Wasn’t he one of the net winners in the Omegapro ponzi. Wonder how many Ponzis he has joined in his long mlm career.
Will people like Michael Dalcoe, Fard Mahdi, Brother Ben X, David Jennings & other top recruiter’s in America face criminal charges?
Won’t know who is facing what until criminal charges are filed. Typically with overseas defendants indictments are filed under seal until arrests are made.
Brendan Earp-Jones and his boyfriend Neil De Waal spent the last year stealing millions from pensioners in South Africa.
They both sit under Andrew Eaton in the pyramid. Both Brendon and Neil have openly flaunted their ill gotten gains by flying 1st class around the world spending thousands on hotels and clothing brands.
Neil is an ex barman who now markets himself as an expert in blockchain technology. Amusing that all the so called experts in blockchain and crypto are ex barman, hairdressers, bodybuilders, gardeners etc.
Solly, you are correct, that Earp-Jones character shamelessly flaunts his ill-gotten wealth on social media and also openly promised recruits 4% weekly returns in his various videos on social media.
These people only care about themselves and money. Do those around them know what they are really up to?
Andrew Eaton and Earp-Jones for instance are old boys of Bishops Diocesan College in Cape Town, one of South Africa’s most exclusive private schools.
The Bishops old boys association (@ODUnion) on twitter should be tagged with articles exposing these guys for at least their fourth collapsed ponzi which they are always at the top of.
Maybe that will get them to stop though I doubt it.
It sounds like it was last tango in Cape Town for Harry. Complete with the butter scene. All that money spent travelling to the big event only to be shut down weeks later.
Need updates pls.
Latest update: You invested into a Ponzi scheme. Your money is gone. Sorry for your loss.
Can someone from south Africa please for the love of God, lay criminal charges against Eaton and Brendan at least.
I haven’t invested in Gspartners but I’m so irritated and tired of these people scamming SANS Please guys. Haven’t you been scammed and lied to enough by these crooks.
Believe me, they will be first to run to the cops and lay a case against you, so you better do it first, before they make you out to be the criminals and then you are sitting with unaffordable legal fees.
Trust me. People are well aware of Brendan. People are just so ignorant and refuse to listen, they blindly follow him to each and every ponzi scheme, and their eyes lust after his lifestyle, riches and posessions. And I’m not even talking about women.
People like Nitsa Nakos use other attractive women like Naomi Sweet to characterizes herself to be some healing energy worker.
These people have been instructed to keep posting about their great life with passive income and then never will post more information publicly other than moving the conversation to your DM on social media because they know what they are promoting is a scam.
There is no way they don’t know this, yet through all of it, Naomi keeps DMing people on Facebook about passive income, while hiding that it’s this very scam with these very people.
Search her on FB and you’ll see photos of this person with Nakos going all the back to when karatbars was still around.
These folks even as of today have post out there and continue to knowingly bring more people into the ponzi.
Remember the presentation of the Dubai launch event of GSPartners in 2021, and that one of the presenters was Forbes Riley?
Someone just posted that she is putting her 2021 videos on her channel again… Right along the time C&D orders started to flow against the fraud. Wicked and Spaadi who found it also asked “is this to document your involvement with them?” to her in comments.
Crazy stuff, but if anyone in Florida is looking for someone to sue for damages..
Word coming from up the line members are good news is coming from GSP.
They are currently claiming that states are starting to back down from their lawsuits and the GSP legal teams are currently working to open things back open.
US owners should have access to their accounts in the next week.
Yeah that’s not how this works.
I dont really know how it works. Thats what I was sent from a person who is involved and has an up the line member.
Claiming good news and that more states are in the process of “backing down”. And that all US customers should have access to their accounts in the coming week, as in within the next 7 days.
My understanding is by Jan 15th is the target date to have all members back their access.
They are only allowed to communicate with their team members via phone call. They cannot post in big groups, and haven’t been able to since the new year.
How dumb does one need to be in order to believe that. It would seem extremely easy to pull off another cash grab if affiliates are this stupid. Ladies and gentlemen.
The only way a state would “back off” is if their was a Federal Case pending.
Even then that’s not how it works. The only way to remedy a state-level cease and desist is to register the securities offering and start filing audited financial reports.
We know that hasn’t happened so none of this is going away, irrespective of a federal pile-on.
Not smart for them to put hard dates on things,easier to disappoint people.I Look forward to the next excuse next week
Also remember there’s supposed to be a Jan 16th corporate call. Jan 15 isn’t a random date.
Bullshitting investors around just gives US authorities more ammunition.
I’d be curious as to how it works. As someone that was pressured hard and resisted getting in, my friend is on the hook for a good bit of money.
His up the line is extremely positive about the future. He’s been told multiple times that GSP has the best lawyers in the world, have won many law suits, and this will all go away soon. But it is all so secretive.
I’ve seen messages their group as sent to members daily, and about a month ago it was all shut down, and the only way to get information now is a 1 on 1 phone call.
But yes Jan 15th is the day that all US customers are suppose to have their accounts back available to them.
Authorities move in –> Ponzi go boom –> scammers feed bullshit to investors to stall –> scammers eventually stop communicating and disappear –> (insert indeterminable amount of time here) –> arrests –> prison
The notion that fraud warnings and regulatory action from eleven US states, with likely federal criminal and confirmed civil federal fraud charges pending will just… go away, is hilariously desperate.
So we are on the– scammers stalling part of the scheme– i see. I’d be curious to see what happens on Jan 15th. Again his entire upline is extremely positive.
Sunk cost fallacy.
They’re literally praying so hard because anything other than success would mean their financial ruin (likely).
@ Johnny5
It’s his upline’s job to be “positive”. That’s how the scams keep people in, even while things are falling apart.
His upline has either been fooled by his own upline into believing that everything is about to turn around, or his upline knows shit’s hitting the fan and that keeping the recruits recruiting is the best way to keep money rolling in till the last possible moment.
Literally everything these folks say is bullshit. All of it.
Right those are my thoughts too. Im just curious as to where it goes from here. The upline is very positive, so i guess the next big day is the 15th. To see if US accounts re-opened.
I’ve heard same as Johnny 5. Internal narrative is super positive on future. The lawyers are working hard to get all US accounts back, hence no need to even pay attention to other warnings like Canada.
US accounts have been moved offshore but expected to be back to normal. Only referral links removed for US customers, all other counties it’s status quo.
No info share publicly. Tight controls on call to only upline.
They are also likely going to evolve from certificates to new sources of revenue and referral which they feel can’t be administered under securities law.
Some very interesting attempts to again “evolve”. Behind the scenes, everything is the same just hidden. Recruiting still happening globally but not on social media ..
I would continue to really closely monitor and warn the public. Don’t stop reporting and sharing.
You can’t undo securities fraud with pseudo-compliance after the fact.
It’s like committing murder, disposing of the weapon and thinking you’re fine.
So January 15th has come and gone… *crickets*
Would you look at that. Turns out securities fraud does in fact not disappear.
Last I saw they were having a session at 4pm CET. But likely the same outcome regardless, just more excuses haha.
They had the 16/01 call and apparently the USA orders are just “temporary suspensions” according to Bruce Hughes.
While 2024 will be a record breaking year according to Dirc Zahlmann. And everybody should get their information from the official websites only as it is not helpful to search for information elsewhere.
Oh, and more products soon!
The way a state level securities fraud notice in the US works is you get a period of time to respond (i.e. prove you’re not committing securities fraud), after which the notice becomes permanent.
If you don’t reply (GSPartners/GSPro has not provided any evidence they have responded to any of the eleven issues fraud warnings), the notice becomes permanent after the response deadline.
Typically the response deadline is 20 to 30 days, meaning over the next two weeks all eleven of the notices will become final (GSPartners/GSPro are banned).
I’m sure there was no mention of the USA customers they left blowing in the wind.
Those refunds are going to start rolling in any day now… haha….. We just need more time!!
Yes, USA sites have not been re-opened. However you can log into another side account to view your portfolio, although you cannot do anything with it. I guess it’s the company’s way of showing you they still have your money and it is safe? Who knows.
The upline of my friend has been very quiet. He was only told things are still progessing well, and was not offered anything new from the corporate call nor the ambassador call that was had over the last few days.
However like most have said here, he’s been promised all is well and expect good news in the coming days.
Random things I was just told by my friends “upline”
1) GSP self shut down to the US to keep the states from piling on the orders. This was intentional so they can win and carry on in the US
2) They are telling people that this will win just like Ripple beating the SEC
3) After winning, they still will not reopen GSP in the US. They instead will open another marketing company that they will merge with, and will meet all US regulations. (again this is cloudly to me, I really didnt understand it, because if what they are doing is right then why change, but again its what I was told)
4) This new company will eventually merge back with all the G9999 and lydian world, but will also have all the kick backs and commissions as GSP currently does, just a different style of doing it.
5) Was told all funds are safe and expected to start things back up within the next 4 weeks. His upline thinks it will happen sooner, however I was shocked to hear when pressed, his upline also admitted that was his personal opinion and no time line and there was nothing guarenteed at this point as to when it would be.
6) Also the same stuff about states backing down and Heit filing counter suits, etc.
I know some of that is cloudy, but relaying what I could. I obviously cant pry too much.
I know we are all hoping for the best here but is anyone concerned about the lack of detailed information about what if any real investments there are in Real Estate, Fintech, Metaverse??
As of right now no one knows what the “bad” trade was that caused every certificate holder to top up every block folio last year when they were already loaded!
Then there’s the whole MPS that locks up literally 50% of all earnings and it seems that their goal is to lock up any rewards even with the Fast Forward vouchers!
I want to believe with everything I have but just seems like so much is missing??
Masternodes are no longer in existence! Only good news is that I can still log onto my partners account in the Philippines with a VPN and that account is actually working!
If all you have is numbers on a screen with zero verification of anything as noted, is it though?
It appears you are missing the realization that this was fraud by design and too good to be true when you entered into it.
There have been no real companies in the blockfolios, ever. There has been no tokenized real estate, ever; remember the J One building and the Movenpick hotel?
There was also no trading, remember the BDSwiss then Sky-whatever and then the obvious shell company GSBDSwiss?
There was no trade loss, that was just an excuse to limit payouts and lock “money” up for longer.
The “international conglomerate” was a limited number of shell companies and websites with fluffy text; which if you clicked around were just 6-10 pages and all linking back to login/register with GSPartners. They lied (as fraudsters do) about the hundreds (or even thousands) of companies that used their “special Blockchain”, which no real company ever did…
No company is stupid enough to pay for that such that “investors” get more than 4% return/rewards per week (!) – as they can go to a bank (or crowd-source) and pay 8-10% per year (do note the huge difference).
You have been fooled and scammed.
Please don’t feel shame, it happened to many people unfortunately. Though it is important to realize the facts and learn from it to avoid such Crypto+MLM scams in the future: they are always fraud.
Sorry for your loss.
The money is long gone, these Ponzi schemes just keep enough around to do some payouts to attract new victims/money, also trying to satisfy victims with magic numbers on the screen.
File a complaint/report with local, state, federal or national authorities. Unlikely to recover any substantial amounts, but at least may help preventing other people falling victim; and hopefully some leaders will be taken to the cleaners and perhaps locked up.
From what I’m being told its business as normal everywhere but the US. So i am assuming that the business is doing well or status quo in other parts of the world. Which is enough for people high on the upline to make their money?
Or am i wrong?
Possibly. The USA was the main market, so that being blocked could see funds drying up more quickly. Especially as anyone still in this is going to cash-out “earnings” (and principal) as quickly as possible.
Which is why the fraudsters limit the amount people can withdraw, wack on severe fees, and delay payments randomly (good old Ponzi tactics, the KYC-issue and AML-warning excuses will likely increase). Not sure if the 50% MPS measure is also still applied, but that makes it even explicit what they are doing… delaying.
The boost/fast-forward options are of course preying on the fear, but if anyone does that… they might just find that you cannot withdraw the numbers on the screen fast enough with those restrictions.
These are clear indicators this is collapsing and it would be stupid to enter this scheme or put more into it. Most people will try to get their money out as quickly as possible, perhaps leaving some “house money”; but that isn’t good news for a Ponzi scheme of course.
With this known, it is also going to be more difficult to “work” other parts of the world; with the USA and Canada calling it fraud and illegal securities. Already copied into warnings in several other nations, and people outside the USA might just realize that it is indeed a scam.
There is no “success” story anymore, it is clearly a high risk gamble to try and ride the Ponzi wave.
Of course, some people might not realize this in time and might be dragged into it by family/friends before seeing the bad news / warnings. And there will remain a group of people that are “in the cult” and will continue to follow the fraudsters.
The latest from my up line updating the plebs…
newswire.ca/news-releases/josip-heit-and-gsb-germany-retain-quinn-emanuel-865288195.html
I guess they are pouring the last of their ill gotten gains into the lawyers as a hail marry.. f#ck these guys
Hopefully these clowns are actually required to show there is any business activity going on at all. If they are then they are done.
I suppose Heit wants applause for hiring a US lawyer to publish a marketing press-release?
And what, two months after most of the US state fraud warnings and desist notices were issued? Oh well, at least investors can see where some of their money is going.
Yep, his up line sent same lawyer message out. Funny how they all send out the same thing. However his up line asked for no comment or questions about the news.
I mean this is a law firm sending out the news. How is that real news? I guess they are peddling hard for good news at the moment.
Hope they are able to get it open enough for US members to get their initial investment back.
Looks like freezing of Us accounts works perfectly so they can use those funds to pay off existing users in other countries in order to make it appears that things are still moving nicely in those countries.
Eventually those accounts will be frozen too. They need more income from recruitment though.
It’s not news, it’s a marketing press-release put out by a law firm upon receipt of payment.
An actual response for GSPartners/GSPro investors would be publishing response filings sent to US regulators. Those of course don’t exist so press-release spam it is.
We’re hearing rumblings in Canada that there I a new iteration in the works. Keep your ears open…
I’m hearing since Feb7 canadian investors are in the same boat as USA investors. No access to GSPRO accounts which was confirmed by Nitsa Nakos.
I’m only getting this from the upline but he said he is moving forward with optimism….haha….not the most confident.
He said that all investors accounts are safe and you can view on gsbdswiss and swissvalue. Said they are on the same timeline as USA investors whatever that means.
I’m thinking that any of the canadian investors that were still active were furiously withdrawing their returns since the shit hit the fan in december. GSPRO trying to stop the bleeding but they are done!!
Thanks for the update. I was able to confirm.
I have a vet appointment to get to but article up after that.
Joseph Heit himself will make a zoom call tomorrow with top promoters tomorrow. Will be interesting to hear what the up line says happened on the call.