Global Sponsorship Network Review: GDP Ponzi points

Global Sponsorship Network, commonly abbreviated as “GSN”, provides no company ownership or management information on its website.

GSN’s website domain (“mygsn.com”) was first registered in 2012. The private domain registration was last updated on June 6th, 2020.

Considering GSN promotion began after this date, this is likely when GSN’s owners took possession of the domain.

Further research reveals two notable individuals tied to GSN promotion; Steve Chiang and Simon Le.

Steve Chiang is presented as GSN’s CSO (Chief Sales Officer?).

Chiang popped up on BehindMLM’s radar in early 2019, as co-founder of the collapsed
Nasgo/ShareNode
Ponzi scheme.

Chiang was promoting Nasgo/ShareNode in the US. News of an
SEC investigation into Nasgo
broke last October. As of yet however nothing further has been made public.

As Nasgo/ShareNode was collapsing, Chiang fled the US for Singapore. He is believed to have been laying low there until GSN’s launch on or around August.

Simon Le was a top earner in the notorious
OneCoin
Ponzi scheme. Le is largely responsible for coordinating promotion of OneCoin across the US and Vietnam.

Le
abandoned OneCoin
 earlier this year and went off to launch his own clone,
OneLink
.

OneLink launched in April but flopped shortly after launch. The OneLink website is still up but Le has otherwise scrubbed all promotional material off the internet.

Le’s role within GSN is not disclosed. He is currently hosting GSN corporation promotional events in Vietnam.

US authorities have indicted several OneCoin executives. As a top earner in OneCoin with ties to management, whether Le is wanted by US authorities is unclear.

Given both Chiang and Le have experience running scams, and the absence of anyone else promoting GSN, it’s a good bet the two are running GSN.

Read on for a full review of Global Sponsorship Network’s MLM opportunity.

Global Sponsorship Network’s Products

GSN has no retailable products or services, with affiliates only able to market GSN affiliate membership itself.

Global Sponsorship Network’s Compensation Plan

GSN affiliates invest 500 or 1000 USDT for GDP at a 1:1 ratio. GDP is a worthless shitcoin created by GSN on demand.

Once invested in, GDP is parked with GSN on the promise of returns as high as 30%.

Investment periods with GSN range from seven to thirty days. The longer an affiliate leaves their USDT with GSN, the higher their return rate.

In one example provided in GSN marketing, a 116% ROI is paid after 23 days:

Note that GSN pays returns in GDP.

GSN Affiliate Ranks

There are fourteen affiliate ranks within GSN’s compensation plan.

Along with their qualification criteria, they are as follows:

Sponsor – sign up as a GSN affiliate and invest

Pro – generate 60 investments in one month across your personally recruited affiliates

Bronze – generate 3 personally recruited Pro ranked affiliates

Silver – generate 3 personally recruited Bronze ranked affiliates

Gold – generate 3 personally

🤖 Quick Answer

What is Global Sponsorship Network (GSN) and its ownership structure?

Who are the key individuals associated with GSN's promotion?
Steve Chiang and Simon Le are two notable individuals tied to GSN promotion. Chiang serves as Chief Sales Officer and previously co-founded Nasgo/ShareNode, a scheme that collapsed and faced SEC investigation in 2019.

What is Steve Chiang's background prior to GSN involvement?
Steve Chiang emerged on industry radar in early 2019 as co-founder of Nasgo/ShareNode, a collapsed Ponzi scheme. He promoted Nasgo/ShareNode operations in the United States before the scheme faced SEC investigation

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