GSPartners @ BehindMLM

Following his arrest in late May and subsequent release on bail earlier this week, further details of Neil Leon De Waal’s criminal case have emerged. A June 6th report from Netwerk 24’s Jana van der Merwe provides insight from De Waal’s Monday bail hearing.

South African authorities have arrested GSPartners promoter Neil Leon De Waal. De Waal was recruited into GSPartners by Brendon Earp-Jones, who in turn was recruited by Andrew Eaton. Eaton was a top GSPartners promoter who worked directly under owner Josip Heit.

The New York Supreme Court Appellate Division has upheld BehindMLM’s appeal against GSB Gold Standard Corporation’s subpoenas. In upholding BehindMLM’s appeal, the NYSC Appellate Division ordered GSB’s subpoenas quashed.

Auratus fails to provide ownership or executive information on its website. Auratus’ website domain (“auratus.gold”), was privately registered on November 29th, 2023. Auratus came about following the collapse of the GSPartners fraudulent investment scheme. GSPartners was an MLM crypto Ponzi scheme run through GSB Gold Standard Corporation. Both companies are owned by German national Josip [Continue reading…]

Billionico has blocked Texas residents following its inclusion in a securities fraud order.

Billionico is dead in the water following a securities fraud cease and desist from Texas. As part of the Texas State Securities Board’s April 22nd order, Auratus was cited as an associated company tied to Terry Lee and a Hong Kong shell company. Other companies TSSB associated with Auratus include Primus Liquidity Holding (Marshall Islands), [Continue reading…]

The GSPartners spinoff Billionico has received a securities fraud cease and desist from Texas. Named respondents in the Texas State Securities Board’s April 22nd emergency cease and desist order include:

The Alabama Securities Commission has sent out a questionnaire to GSPartners investors. Dated April 15th, the ASC’s questionnaire provides an opportunity for GSPartners investors to provide details pertaining to their individual circumstances. Oh, and the ASC also knows about Billionico…

Several respondents in the Texas State Securities Board’s previously issued GSPartners emergency cease and desist order have lost their right to appeal. These include GSPartners executives Dirc Zahlmann, Bruce Hughes and Aline Lima, as well as the failed Swiss Valorem Bank rebrand.

Reddit, Yelp, GlassDoor, Indeed, TripAdvisor and the PubPeer Foundation have collectively filed an amicus brief in BehindMLM’s GSB Gold Standard Corporation appeal. In their capacity as a “group of online speech platforms with millions of daily users”, brief movants (amici) above seek to address an “important question”;