GSPartners @ BehindMLM

Ponzi tokens at the push of a button, “technical error” exit-scams, “we got hacked!”, Boris CEO factories… the MLM crypto niche is by default set to pretty stupid. Then there’s MLM crypto scams like GSPartners that take it to a whole new level.

People around the world have donated towards the developing humanitarian crisis in Ukraine. Most donate out of a genuine desire to help those in need. Others, like GSPartners and owner Josip Heit, see it as a marketing opportunity. This led to clashes with donation organizers in Germany.

Last November GSPartners threatened US-based YouTube channel Grit Grind Gold with a lawsuit. On December 16th, GSPartners filed a harassment lawsuit against Grit Grind Gold and owner Chris Saunders.

GSPartners has stopped whatever they were doing to peg G999’s public trading value at around 5 to 7 cents. Consequently G999’s trading volume and value has plummeted.

GSPartners’ latest ruse to get people interested in their Lydian World Ponzi ecosystem is a clipart NFT collection.

GSPartners and owner Josip Heit have engaged a US law firm to intimidate a US based YouTuber.

While authorities in Dubai might turn a blind eye to MLM scams, outside of the UAE fraud has consequences. In a recently filed defamation complaint, Driven Properties bemoan getting into business with GSPartners.

GSPartners affiliates have conceded the company is committing securities fraud. Unfortunately they’re of the mistaken belief that hiding securities fraud makes it less illegal.

In December 2017, Josip Heit incorporated the shell company GSB Gold Standard Banking Corporation AG. An August 31st filing with the Dusseldorf District Court in Germany gives us a peek into the shell companies behind GSPartners.

On her LinkedIn profile Forbes Riley describes herself as an award-Winning TV host, Author, Motivational Speaker, Entrepreneur, One of the World’s Leading Health & Wellness experts (National Fitness Hall of Fame inductee). The “about” blurb continues to celebrate Riley’s career achievements; Forbes was voted the “Top 20 Most inspiring People on Television” through her roles [Continue reading…]