Texas has rejoined the GSPartners fraud settlement.

As per an undated update to the GSB Settlement website;

The claim filing deadline was 11:59:59 P.M. Pacific Time on May 22, 2025.

Texas has recently joined the settlement and Texans may file a claim until 11:59:59 P.M. Central Time on October 17, 2025.

GSPartners was a fraudulent investment scheme run by parent company GSB Gold Standard Corporation (GSB).

GSPartners and GSB are owned by Josip Heit (right). Heit, a Dubai resident, is originally from Croatia but is believed to hold a German passport.

After North American regulators issued over a dozen GSPartners fraud warnings in 2023, Heit settled with authorities in September 2024.

As part of the settlement, Heit agreed to refund North American GSPartners victims in participating settlement states and provinces.

Citing settlement violations and fraud, Texas pulled out of the GSPartners agreement in March 2025.

Proceedings had been heading to trial but, in what is believed to be a bid by Heit to avoid travelling to the US, settlement negotiations were restarted in August 2025.

To that end a Joint Status Report from the parties was due by December 5th, 2025.

Texas rejoining the GSPartners fraud settlement is believed to be the outcome of renewed settlement negotiations. At time of publication however, details of renewed settlement negotiations have not been made public.

After GSPartners collapsed in late 2023, several short-lived attempts to reboot the scam were made (GSPro, Billionico and Auratus Gold).

The latest reboot is Apertum Foundation and DAO1, which for all intents and purposes is a continuation of GSPartners and its G999 token.

On September 4th Josip Heit informed GSPartners victims outside of North America their G999 tokens would be imported into DAO1 and Apertum Foundation.

[6:42] We are very proud to announce that G999 will be implemented as a pair in Apertum DEX, ladies and gentlemen.

So everyone whose jurisdiction is allowed to register in DAO1 will be able to participate with G999. And many more possibilities will be announced in DAO1, ladies and gentlemen.

[7:31] And yes, we will have G999 implemented during this month of September.

We will have any other project [in GSPartners], and other project [in GSPartners] which we have, any other product which we had [in GSPartners], it will be implemented step by step.

This however has turned out to be a convoluted process, with DAO1 centralizing manipulation of who, if anyone, gets to withdraw G999 token balances.

As per a DAO1 September 27th investor update;

The DAO1 team has made a strategic decision that the official wG999/USDT pool will only be available to whitelisted, foundation-controlled wallets.

This pool is reserved for specific purposes such as migration and utility functions, ensuring stability and proper use of the token during this transition phase.

Texas did try to regulate Heit’s continued securities fraud but, after Heit argued said fraud wasn’t available to US residents, proceedings were voluntarily set aside in August.

Outside of North America, authorities in Australia and New Zealand issued DAO1 fraud warnings earlier this year.

It’s expected after the new Texas claim deadline passes, AlixPartners will provide an update on processing of submitted GSPartners victim claims. Note there is currently no timeline for this.