DAO1 has received a securities fraud warning from New Zealand’s Financial Markets Authority (FMA).

As per the
FMA’s January 30th warning
;

The FMA has been made aware of online webinars promoting the launch of DAO1 and its associated products. DAO1 is not registered on the Financial Service Providers Register to provide financial services or products in New Zealand.

DAO1 claims that investors will receive passive returns which are generated through automatic trading, mining bots and recruitment of additional investors.

The FMA wishes to advise investors that trading in any form of cryptocurrency investment carries significant financial risks and to be cautious of anyone claiming that a particular product or technique can give you access to better returns or easy money.

DAO1’s marketing material also displays unsubstantiated and unrealistically high returns for its investment products, which are unlikely to be achievable by most investors.

We recommend caution when dealing with DAO1 or anyone promoting its products or services.

The FMA cites DAO1’s website and that of associated scheme Apertum.

DAO1 offering passive returns without registering with the FMA constitutes an offer of unregistered securities. Offering unregistered securities in violation of financial law constitutes securities fraud.

DAO1 is the latest in a series of unregistered securities offered by Gold Standard Corporation (GSB).

DAO1 is a continuation of the investment fraud GSB started with
GSPartners
, currently at the center of settlement proceedings that will see owner Josip Heit
refund victims across North America
.

BehindMLM
reviewed DAO1
on January 3rd, 2025 and
confirmed it was a reboot of GSPartners
on January 6th.

On January 21st, GSB confirmed DAO1 and associated scheme GSPro+ would
not be available to North American consumers
.

U.S. and Canadian customers cannot retain their certificates and earn interest or other rewards.

If anyone tells you otherwise, do not believe them.

U.S. and Canadian customers also cannot roll over into a new product. Products offered by GSPro+ and DAO1 will not be available to residents of the United States and Canada.

Again, if anyone tells you otherwise, do not believe them.

This platform will only be available outside of the United States and Canada.

GSPartners victims across North American participating jurisdictions will be able to file settlement claims for 90 days from February 21st.

🤖 Quick Answer

What is the DAO1 securities fraud warning from New Zealand?
New Zealand's Financial Markets Authority (FMA) issued a securities fraud warning regarding DAO1 on January 30th. The FMA noted that DAO1 is not registered on the Financial Service Providers Register to provide financial services or products in New Zealand, and cautioned investors about its claims of passive returns generated through automatic trading, mining bots, and recruitment of additional investors.

Why did the FMA issue a warning against DAO1?
The FMA became aware of online webinars promoting DAO1 and its associated products. DAO1 promised investors passive returns through automatic trading, mining bots, and recruitment of new investors. Since DAO1 lacks registration on New Zealand's Financial Service Providers Register, the FMA flagged it as a potential securities fraud risk.

**Is DAO1 registered to offer financial services in New

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