GSPartners and owner Josip Heit are named respondents in a temporary cease and desist order, issued by the Arizona Corporation Commission (ACC).

Following an internal investigation into GSPartners and Heit, the ACC determined “public welfare requires immediate action”.

The Securities Division, in coordination (with) other regulatory agencies from the United States and Canada, is entering this Temporary Order to Cease and Desist to stop the parties from inflicting immediate and irreparable public harm.

As per the
ACC’s November 16th order
;

Swiss Valorem Bank Ltd.; GSB Gold Standard Corporation AG; and GSB Gold Standard Pay Ltd. acting under the brand GSDeFi; Josip Heit; and Tannisha Glaspie are engaging in or are about to engage in acts and practices that constitute violations of the Arizona Securities Act.

ACC cites Heit (right) as “a person controlling” GSB Gold Standard Corporation AG and GSB Gold Standard Pay Ltd., making him

jointly and severally liable … for their violations of the antifraud provisions of the Securities Act.

Tannisha Glaspie, an “unmarried Arizona resident”, is a GSPartners promoter who who claims she’s been “all in from day 1”.

Glaspie, who refers to herself as “The Gold Doctor”, promotes GSPartners through her YouTube channel, Instagram account and the website “Positive Farm”

Citing a recent October 31st GSPartners webinar, ACC quotes Glaspie as claiming;

I haven’t needed a job in years thanks to this. My 24-year-old daughter hasn’t needed a job either because she’s listening.

We don’t have to share this information with anyone. We choose to. It would be selfish to keep it to yourself.

On FaceBook Glaspie cites herself as a colon hydrotherapist and barber.

ACC describes GSPartners as an “exploitative investment scheme”, requiring its business model to be “constantly evolving and repackaged into a new offering”.

GSPartners has been engaging in an international scheme to illegally offer and sell fraudulent investments tied to a metaverse, liquidity pools, staking platforms, and digital assets that can purportedly yield highly lucrative returns where profits are allegedly generated via foreign exchange (forex) trading, real-estate, and renewable energy.

It’s scheme is being driven by an international confederation of multilevel marketers that have collectively earned around $11 million in commissions and purported promotions from athletes such as retired professional boxer Floyd Mayweather.

The ACC’s investigation left them unable to verify GSPartners’ external revenue claims, leaving new investment as the only source of generated revenue.

Despite the promise of highly lucrative returns and the payment of significant commissions, GSPartners is concealing key information from the public, including information relevant to its capitalization, its use of principal, and the way it actually generates sufficient revenue to pay profits and cover compensation.

It is unclear how profits are generated by GSPartners’

🤖 Quick Answer

What regulatory action did the Arizona Corporation Commission take against GSPartners and Josip Heit?
The Arizona Corporation Commission issued a Temporary Cease and Desist Order against GSPartners, owner Josip Heit, Swiss Valorem Bank Ltd., GSB Gold Standard Corporation AG, GSB Gold Standard Pay Ltd., and Tannisha Glaspie, determining that public welfare required immediate action following an internal investigation into alleged securities violations.

Which regulatory bodies coordinated the cease and desist order?
The Securities Division of the Arizona Corporation Commission coordinated with other regulatory agencies from the United States and Canada to issue the Temporary Order to Cease and Desist, aiming to prevent immediate and irreparable public harm from the respondents' alleged unlawful acts and practices.

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