The GSPartners victim claim portal has been delayed till sometime before the end of 2024.
The GSPartners settlement is being handled by the appointed third-party AlixPartners.
When the GSPartners settlement website
went live in September
, the claims portal was “expected in early November”. The reason for the delay has not been disclosed.
It is unclear whether AlixPartners is communicating directly with GSPartners victims. BehindMLM reached out to AlixPartners on September 19th, seeking clarification on what victims could claim on. To date we haven’t heard anything back.
Launched in 2020,
GSPartners
was a fraudulent investment scheme run by GSB. GSB and GSPartners are both owned by Josip Heit (right).
Originally from Europe, Heit is has been primarily
based out of Dubai
for some years.
Following over a dozen securities fraud warnings and enforcement orders from regulators, GSB reached a settlement with certain North American regulators.
As provided on the GSPartners settlement website as of November 20th, 2024, jurisdictions GSB and GSPartners have settled with are:
Alabama
Alaska
Arkansas
Arizona
California
Colorado
Connecticut
Delaware
District of Columbia
Georgia
Idaho
Illinois
Indiana
Kentucky
Maine
Minnesota
Mississippi
Nebraska
New Hampshire
New Jersey
Oklahoma
Oregon
South Carolina
South Dakota
Tennessee
Texas
Vermont
Washington State
West Virginia
Wisconsin
Alberta (Canada) and
British Columbia (Canada)
Under the terms of the settlement, GSB and GSPartners will refund victims who invested anything into its multi-tier investment schemes.
When the claim portal does go live, GSPartners victims will have 90 days to submit a claim.
Then, assuming GSB and GSPartners actually refund victims;
GSB Group and Mr. Heit will consent to the entry of an enforcement order that concludes they illegally offered and/or sold securities that were not registered pursuant to state law.
While the GSPartners settlement pertains to state-level alleged fraud, BehindMLM has also previously reported on
federal investigations into GSB, GSPartners and Heit
.
As is standard for federal US investigations, the ongoing status of the investigations is non-public.
Update 13th January 2025 –
BehindMLM has
received a response from AlixPartners
regarding the ongoing GSB victim claim portal delays.
🤖 Quick Answer
What is the current status of the GSPartners claim portal?The GSPartners victim claim portal, initially expected in early November 2024, has been delayed to an unspecified date before year-end 2024. The settlement process is managed by third-party firm AlixPartners. No official reason for the delay has been publicly disclosed by AlixPartners or any involved parties.
Who is handling the GSPartners settlement process?
AlixPartners, an appointed third-party firm, is managing the GSPartners settlement. The firm launched a dedicated settlement website in September 2024. However, communication with victims appears limited, as inquiries from independent sources, including BehindMLM, have reportedly gone unanswered since mid-September 2024.
What was GSPartners and who operated it?
GSPartners was a fraudulent investment scheme launched in 2020, operated under
🔗 Related Articles
- Auratus launches “Storage Boxes”, 3rd unregistered securities offering
- Josip Heit ordered to attend Texas Apertum fraud hearing
- Josip Heit steps down from GSB board of executives
- Ryan Evans settles Saivian fraud with SEC
- The GSB securities fraud cease and desist
