GSPartners has received a securities fraud cease and desist order from Wisconsin’s Department of Financial Institutions (DFI). As per a November 16th notice filed by DFI’s Securities Division, GSPartners has been engaging in an international scheme to illegally sell fraudulent investments. Its scheme is being driven by an international confederation of multilevel marketers that have [Continue reading…]
GSPartners @ BehindMLM
Kentucky’s Department of Financial Institutions has filed a lawsuit against GSPartners and owner Josip Heit. The lawsuit is the first step to obtaining a cease and desist order related to securities fraud.
GSPartners and three Canadian promoters have received a temporary order from the British Columbia Securities Commission. The order is part of a “coordinated U.S.-Canada enforcement action”, targeting GSPartners.
GSPartners has received a securities fraud desist and refrain order from California. The Department of Financial Protection and Innovation’s November 16th order names GSPartners, owner Josip Heit and executives Bruce Innes Wylde Hughes and Dirc Zahlmann as respondents.
GSPartners, owner Josip Heit, executive Bruce Hughes and several promoters have received a securities fraud cease and desist order from Alabama.
Washington’s Department of Financial Institutions has issued a fraud warning pertaining to GSPartners and owner Josip Heit.
GSPartners, owner Josip Heit and several executives have been issued an emergency cease and desist by the Texas State Securities Board (TSSB). The TSSB’s November 16th order names the following recipients;
The Texas State Securities Board has confirmed it is investigating GSPartners for “engaging in an international securities fraud scheme”. The disclosure was made in a November 9th emergency cease and desist order, pertaining to the collapsed BitSports Ponzi scheme.
I started BehindMLM almost fourteen years ago. Next April the site turns fifteen. After seeing an ad on TV that looked suspicious, I published a “review” of it on my then personal blog. That took off and soon enough I had readers requesting reviews of other MLM companies.
BehindMLM can confirm that GSPartners and owner Josip Heit are the subjects of multiple federal and state regulatory investigations in the US. Investigations we’re aware of include the CFTC, SEC and Alabama Securities Commission.