Josip Heit has stepped from from GSB Gold Standard Corporation’s board of executives.

In Heit’s place is Rustam Shoykhet, a name most participants in GSB’s investment schemes have likely never heard of.

Heit, a convicted fraudster, took great pains to constantly remind people he was “Chairman of the Board”.

That mostly ended when Heit withdrew from public appearances around 2023.

Heit removed himself from GSB’s board on December 4th, 2024. Shoykhet was appointed the same day.

In addition to GSB, Heit also previously abandoned GSB’s UK shell companies in mid 2024.

So who is Heit’s GSB replacement, Rustam Hagen Shoykhet?

Shoykhet is a long-time associate of Heit’s. He’s known him for years but mostly keeps a low public profile.

Shoykhet, aka “Black Ruwen”, describes himself as “devil in head” with a “crazy lifestyle”.

While his own social media is locked down, Shoyket makes regular appearances on his associates’ accounts.

I’ll leave it up to your imagination as to why Shoyket prefers to lurk in the shadows.

As to why Josip Heit abandoned GSB, perhaps he’s moved onto other things.

In addition to GSB adjacent investment schemes Billionico and Auratus Gold, BehindMLM recently reviewed DAO1.

DAO1 appears to be an attempt to commit securities and commodities fraud, whilst concealing now obvious ties to GSB.

In addition to obviously being put together by German-speakers, DAO1 shares the same customized website template as Billionico and Auratus Gold.

Billionico and Auratus Gold are effectively dead in the water following multiple regulatory fraud warnings (Texas, Australia, New Zealand).

What’s left of Billionico’s and Auratus Gold’s promoters, a lot of whom are based out of Australia, have also moved onto DAO1.

Heading up the marketing side of DAO1 is Dennis Loos, an Austrian serial MLM Ponzi promoter based out of Dubai (click to enlarge):

GSB’s demise ties into US and Canadian regulators targeting GSPartners and Heit in 2023.

GSPartners was a fraudulent investment scheme regulators have accused of defrauding consumers out of over a billion dollars.

Rather than clear his name, Heit opted to settle fraud allegations with North American regulators in September 2024.

As part of the settlement agreement, which will see Heit admit he “illegally offered and/or sold securities”, GSPartners victims in North America are to be refunded.

To that end AlixPartners, a mutually agreed on administrative third-party, set up a GSB settlement website. Five months later however, there has been no further communication to GSPartners victims.

AlixPartners originally scheduled a victim claim portal going live in early November. This was then eventually pushed back to the end of 2024.

Sometime in the last few days of December 2024, the victim claims portal link was amended to just “coming soon”.

BehindMLM has reached out to both AlixPartners and our contacts in US law enforcement to request an update we can share.

We might not get one, given the potentially sensitive nature of proceedings. If we do hear anything next week I’ll leave an update below.