GSPartner’s G999 Ponzi coin has received a securities fraud warning from Alberta, Canada.

On or around March 15th, the Alberta Securities Commission added G999 to its
Investment Caution List
.

The ASC advises;

To help inform and protect investors, the ASC provides a list of companies and individuals that are not registered with the ASC and that 
appear to be engaging in activities that either require registration under Alberta securities laws or may be investment scams.

Investors are encouraged to consult this list if they are considering investing, especially if they are approached with an unsolicited investment opportunity.

As of February 2023, SimilarWeb ranks Canada (11%) as the second largest source of traffic to GSPartners’ website behind the US (59%).

Neither GSTrade or GSPartners are registered to offer securities in Canada or the US.

The footer of G999’s stand-alone website ties it to GSB Gold Standard Pay Ltd and GSB Gold Standard Pay KB; two shell companies incorporated in Kazakhstan and Sweden respectively.

G999 was created to facilitate
GSPartners’ original 2019 Ponzi scheme
.

As per the CoinMarketCap chart above, G999 collapsed in early 2021. This has since prompted multiple iterations of GSPartners’ Ponzi scheme.

The current iteration is metaverse certificates, through which GSPartners
promises affiliate investors a 300% ROI over 18 months
(click to enlarge):

GSPartners, G999, GSB Gold Standard Pay and GSB Gold Standard Pay KB are all owned by Josip Heit.

Originally from Croatia, Heit is believed to travel frequently between Germany and 
Dubai
.

Heit launched GSPartners after Karatbars International’s KGC crypto Ponzi 
collapsed
 in mid 2019.

GSPartners’ originally represented metaverse certificate returns were generated via forex trading, purportedly executed by BDSwiss.

After BDSwiss 
publicly confirmed it had nothing to do with GSPartners
, the ruse switched to newly created entity 
Skyground Group
.

GSPartners solicits investment in tether (USDT), and created the
GEUR token
 to pay metaverse certificate returns through. GEUR is worthless outside of GSPartners itself.

Launched in mid 2022, initial metaverse certificate investor contracts will expire towards the end of 2023.

In addition to G999, the Alberta Securities Commission has also
added GSPartner’s GSTrade platform to its Investment Caution List
.

🤖 Quick Answer

What is the G999 securities fraud warning issued by Alberta, Canada?
The Alberta Securities Commission added G999 to its Investment Caution List on March 15th, warning that GSPartners' G999 represents an unregistered investment activity potentially constituting an investment scam. The ASC advises investors to verify registration status before considering investment opportunities, particularly unsolicited proposals.

Why is Canada significant in G999's traffic distribution?
According to SimilarWeb data from February 2023, Canada represents the second-largest traffic source to GSPartners' website at 11%, following the United States at 59%, indicating substantial investor interest from Canadian users despite regulatory warnings.

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