GSPartners promoter fraud order from BC, Canada
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.
The three named Canadian GSPartners promoters are Haidy Nitsa Nakos, Tanya Sue Cloete and James Bruce Gardiner.
Nakos, who has since fled Canada for Greece, is one of the highest ranked GSPartners promoters.
BCSC states the aim of its order is to “stop the promotion of an investment product called “MetaCertificates.””
Through MetaCertificates, GSPartners solicits investment on the promise of up to 5% a week. BCSC claims it is
concerned that the high and consistent returns touted in promotions of GSPartners and MetaCertificates are unlikely or impossible to achieve through legal means, and is a common sign of investment fraud.
In other words, BCSC suspects GSPartners is a Ponzi scheme.
The temporary order against Haidy Nitsa Nakos, Tanya Sue Cloete, James Bruce Gardiner, who BCSC staff believe are B.C. promotors of MetaCertificates, and GSB Gold Standard Bank Ltd. (doing business as GSPartners), GSB Gold Standard Corporation AG and Swiss Valorem Bank Ltd., prohibits them from engaging in promotional activities by or on behalf of GSPartners.
The order also prohibits:
-Nakos, Cloete, Gardiner and GSPartners and its related entities from disseminating to the public, or authorizing the dissemination to the public, any information or record relating to securities of GSPartners, and
-The trading of securities of GSPartners.
BCSC’s temporary order expires on December 1st. It’s expected further action against GSPartners will be taken.
BCSC previously issued a GSPartners securities fraud warning on May 30th. Similar fraud warnings have been issued by Ontario, Alberta (G999, GSTrade and GSPartners), Quebec and Saskatchewan.
In the US Texas, Alabama, Washington and California have issued GSPartners fraud warnings and/or orders.
BehindMLM has also previously confirmed ongoing SEC and CFTC investigations into GSPartners.
I was approached last January to invest. Thank God for Behind MLM.
Looks like in under a year this Ponzi is finally going down the tubes.
Oh, and surprise, surprise , Tanya Cloete was a player in Novatech.
Surely all of these warnings could not be a conspiracy against GSP? What do the affiliates say, what are they being told ?
That everything is fine. They will either ignore the news whatsoever or issue statements saying that everything is not as it seems.
In the worst case they may say something along the lines of “criminals from BehindMLM abuse regulators and have wrongfully reported us, we are working with regulators to solve the problem”.
Bruce will come up with something plausible! Don’t forget it is a cult and the minions will buy into anything the leaders say!
lets just watch this thing implode now shall we.
I assume you’re being sarcastic.
What conspiracy?
If any legit investment made 5% a week, everyone would be in it and inflation would be through the week as we’d all be Dubai-zillionaires.
This is fraud.
The lazy Dutch financial authority: afm.nl/nl-nl/consumenten/waarschuwingen/bekijk-de-waarschuwingen/g/gspartners-aka-swiss-valorem-bank
At least it’s a warning ⚠️
Awareness is good but unfortunately AFM is just referencing a previous Canadian GSPartners warning.
Germany and the rest of the European countries remain silent.
This has been extended. Looks like for a year or until a hearing. A take place. I believe Cloete and Gardiner are still in Canada as they came back for the holidays
bcsc.bc.ca/about/media-room/news-releases/2023/100-bcsc-extends-temporary-orders-against-three-bc-residents-and-offshore-companies-they-are-promoting
http://www.bcsc.bc.ca/about/media-room/news-releases/2023/100-bcsc-extends-temporary-orders-against-three-bc-residents-and-offshore-companies-they-are-promoting
Let’s not forget that she and several others in this scheme were also involved in the Karatbars scam which also imploded.
These people prey on the gullible and vulnerable, it’s sickening.