GSPartners @ BehindMLM

In early June GSPartners began circulating promotional material for a new real-estate themed Ponzi scheme. JONE tokens were supposedly tied to physical real-estate in the J One Towers, an apartment complex in Dubai. Before GSPartners could make any big announcements at their Dubai event later in the month, the developer behind J One Towers came [Continue reading…]

GSPartners, owner Josip Heit and its top South African promoters have filed suit against a second YouTube channel owner. This time the Ponzi scheme and its promoters are going after #ChrisTrade.

GSPartners is claiming a 66% reduction in victims signing up to lose money. In a desperate attempt to find a scapegoat, GSPartners has sued a South African YouTube channel.

Following the failure of G999, GSPartners has rebooted itself as a shitcoin factory. The first coin to launch is JONE, supposedly tied to floor-space in the J One tower in Dubai. Funnily enough, this is news to J One tower’s developers.

When an MLM crypto scheme realizes its Ponzi token isn’t going anywhere, it’s common to just dump it and launch another one. The idea is to create a new pump to bring in new bagholders to dump the original converted tokens onto. GSPartners is the latest Ponzi scheme to rebrand itself as a shitcoin factory.

At the core of every MLM token Ponzi scheme is the big stash of admin tokens. These tokens are created out of thin air and dumped to extract funds out of the scheme. If analysis of G999 blockchain is accurate, GSPartners had dumped over 2 billion G999 tokens to date.

In its latest attempt to pitch its Ponzi scheme, Josip Heit’s GSPartners attempts to insert itself into the COVID-19 vaccination passport discussion.

GSPartners operates in the cryptocurrency niche. The company provides no executive information on its website. Through our reporting on Karatbars International however, we know GSPartners was launched by Josip Heit. Heit appeared on BehindMLM’s radar after Karatbars’ KaratGold Coin hype disaster in mid 2019. In the lead up to the July 4th event, Karatbars CEO [Continue reading…]