The Alabama Securities Commission issued a detailed questionnaire to GSPartners investors on April 15th. This action seeks specific information regarding individual circumstances and involvement in the alleged unregistered securities offerings. The Commission also acknowledged awareness of Billionico, another entity linked to the GSPartners network.

This move directly contradicts earlier claims made by Andrew Eaton, a top GSPartners promoter. On April 3rd, Eaton falsely asserted that eleven U.S. states, including Alabama, were prepared to settle securities fraud charges against GSPartners.

The Alabama Securities Commission (ASC) quickly refuted Eaton's statement. The ASC confirmed its staff became aware approximately seven months prior that GS Partners Global, CEO Josip Heit, and promoters Nathaniel Hines, Jeanette Hines, Del Lewis, and Diana Lewis were actively offering and selling unregistered securities within Alabama. These individuals operated under the multi-level marketing group WealthBuilders Worldwide, also known as WealthBuilders Global.

The specific unregistered securities were marketed as MetaCertificates. They were presented to investors as certificates of deposit and investment contracts, despite lacking the necessary legal registrations. Alabama law strictly prohibits the offer or sale of any security unless it is properly registered with the state, falls under a specific exemption from registration, or the transaction itself is exempt under the Alabama Securities Act. MetaCertificates meet none of these criteria; they are neither registered nor exempt in Alabama.

Securities fraud charges carry no expiration date under Alabama law. Resolution typically comes through either a formal settlement or a court judgment. Both outcomes usually impose an injunction, mandate restitution for victims, and levy a civil monetary penalty against the perpetrators.

GSPartners has not reached any settlement agreement with any U.S. state regulator. Josip Heit himself reportedly confirmed this fact. He told investors on an April 4th GSPartners corporate call that he was "abandoning the US." This statement confirmed the lack of any regulatory resolution in the United States.

The ASC's questionnaire allows GSPartners investors to provide detailed accounts of their participation. It specifically requests information about involvement with WealthBuilders Worldwide, Swiss Value, GSPartners, Swiss Valorem Bank, GSPro, and Billionico.

Swiss Value operates as a shell company. It connects to GSPartners through individuals like Birol Nadir, Ehssan Memarpuri, and Roger Hassanov. Swiss Valorem Bank, GSPro, and Billionico are identified as subsequent reboots of the original GSPartners scheme, launched after previous iterations faced regulatory scrutiny.

Andrew Eaton, on his April 3rd "GIHugeness" call, announced Billionico would launch on April 19th. As of April 21st, no public confirmation of Billionico's launch has emerged. The total financial losses sustained by GSPartners investors remain unquantified.