GSPartners has received a fraud warning from New Zealand.

As per the
Financial Markets Authority’s February 7th warning
, the regulator

recommend[s] caution when dealing with GS Partners/GSPartners which appears to promote its services or products in New Zealand through various websites and business names.

Known companies associated with GSPartners include:

GSB Gold Standard Pay Ltd

GSB Gold Standard Bank Ltd

Gold Standard Trade

Lydian World

G999

GSTrade

GSPro

GSB Gold Standard Banking Corporation PLC

GSB Gold Standard Corporation AG

GSB Gold Standard Kommanditbolag (aka GSB Gold Standard Pay LTD)

GSDEFI and

Swiss Valorem Bank LTD

Citing fraud warnings from
South Africa
and
Australia
, the FMA expresses concern over GSPartners

operating a multi-level marketing scheme;

providing financial services or products while unauthorised in the respective jurisdictions;

offering unrealistic returns to its investors; and

making false and misleading statements and presentations

GSPartners and its associated companies are run by Josip Heit (right).

Heit, originally from Croatia, is believed to be
hiding in Dubai
.

In response to
regulatory action from thirteen US states
(including cease and desist notices, injunctions and monetary fines), GSPartners
rebooted as GSPro
in late 2023.

Shortly thereafter GSPro
blocked US GSPartners investors from accessing their accounts
.

Since then GSPro held one corporate webinar on January 16th. No significant announcements regarding GSPartners fraud warnings or locking of US investors accounts were made.

So far GSPartners and GSPro have failed to publicly respond to the fraud warnings from South Africa and Australia. It’s unclear whether GSPro will respond to New Zealand’s warning.

🤖 Quick Answer

What is GSPartners and why did New Zealand issue a fraud warning?
GSPartners is a financial services entity that the New Zealand Financial Markets Authority warned against in February. The regulator cautioned consumers about the company's operations through multiple websites and business names, citing concerns about multi-level marketing schemes and previous fraud warnings from South Africa and Australia.

Which companies are associated with GSPartners?
Known entities linked to GSPartners include GSB Gold Standard Pay Ltd, GSB Gold Standard Bank Ltd, Gold Standard Trade, Lydian World, G999, GSTrade, GSPro, GSB Gold Standard Banking Corporation PLC, GSB Gold Standard Corporation AG, GSB Gold Standard Kommanditbolag, GSDEFI, and Swiss Valorem Bank LTD.

Why did the Financial Markets Authority issue this warning?
The New Zealand FMA issued the warning based on fraud warnings previously issued by

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