GSB has re-engaged settlement negotiations over GSPartners allegations made by the Texas State Securities Board (TSSB).
On August 5th a Joining Motion seeking a stay on TSSB’s GSB and GSPartners proceedings was filed.
As of August 4, 2025, the Parties are in settlement discussions that, if successful, will dispose of this matter without the need for a hearing.
The parties, therefore, jointly request that the above-captioned matter, including all pre-hearing deadlines, be stayed for six months.
On August 6th the requested stay was granted.
The Joint Motion to Stay Proceeding is GRANTED. This matter is stayed until February 6, 2025.
The court has ordered Joint Status Reports on settlement negotiations be filed on October 6th, December 5th (2025) and February 5th (2026).
Unfortunately the granted stay means a pending November 3rd to 7th GSPartners hearing is cancelled.
The hearing would have seen GSB and GSPartners owner Josip Heit (right) travel to the US to attend in person.
US authorities have pegged GSPartners investor losses at over a billion dollars. It’s unclear whether GSB’s motive for settling with TSSB is about consumer redress or keeping Heit out of the US.
BehindMLM has been aware of
multiple US federal investigations into GSB and Heit
since late 2023.
Outside of Texas multiple US states and Canadian provinces are participating in a
GSPartners fraud settlement
.
The GSPartners victim claim submission deadline was May 22nd. There have been no further public updates since.
Earlier this month TSSB
voluntarily dismissed parallel proceedings against Apertum Foundation
.
Apertum (APTM) is a crypto token Heit continues to defraud consumers with through DAO1.
Apertum is to DAO1
what
G999 was to GSPartners
.
Both
New Zealand
and
Australia
have issued standing DAO1 fraud warnings. Heit doesn’t offer the DAO1 investment scheme to US residents.
As of July 2025, SimilarWeb tracked top sources of traffic to DAO1’s website as Germany (45%), the Dominican Republic (27%), the UK (9%), South Africa (5%) and the US (5%).
Update 1st October 2025 –
Texas has
rejoined the GSPartners fraud settlement
.
🤖 Quick Answer
What is the current status of GSB and GSPartners settlement negotiations with the Texas State Securities Board?As of August 2025, GSB has re-engaged settlement negotiations with the Texas State Securities Board over GSPartners-related allegations. A joint motion to stay proceedings was filed on August 5, 2025, and granted on August 6, 2025. The matter is stayed for six months, with joint status reports ordered for October 2025, December 2025, and February 2026.
Why was a stay granted in the TSSB proceedings against GSB and GSPartners?
The stay was granted because both parties confirmed they were engaged in active settlement discussions that, if successful, would resolve the matter without a hearing. The joint motion requested a six-month stay on all proceedings and pre-hearing deadlines, which the court approved on August 6, 2025.
**What are the
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