GSPartners, owner Josip Heit and several executives have been issued an emergency cease and desist by the Texas State Securities Board (TSSB).

The
TSSB’s November 16th order
names the following recipients;

GSB Gold Standard Bank (dba GS Smart Finance, Gold Standard Partners, GSPartners, GS Partners & GSP)

GSB Gold Standard Banking Corporation PLC

GSB Gold Standard Corporation AG

GSB Gold Standard Pay Kommanditbolag (aka GSB Gold Standard Pay LTD, acting under the brand name GSDEFI)

GSB Gold Standard Trade

Swiss Valorem Bank LTD

Josip Dortmund Heit (GSPartners’ owner)

Bruce Innes Wylde Hughes (GSPartners Corporate Trainer)

Aline Lima and

Dirc Zahlmann (GSPartners CEO)

Collectively, TSSB refers to GSPartners as

an international coalition … of various fraudulent investment schemes that are threatening immediate and irreparable harm.

This assessment is based on a joint investigation by

securities regulators from the United States and Canada, (who) identified the ongoing threat presented by GSB Group and organized a working group to collectively investigate its operations.

BehindMLM has already
confirmed ongoing GSPartners investigations
by the SEC, CFTC and Alabama Securities Board.

As per TSSB’s filed order, GSB Gold Standard Bank started off as GCC Gazella Corporate Capital GmbH, a German shell company “involved in the manufacture, import, export and distribution of chemicals, plastics, plant protection products, and dyes.”

GCC Gazella Corporate Capital was owned by Josip and Kristina Heit. TSSB doesn’t state when it happened, but at some point GCC Gazella Corporate Capital changed its name to GSB Gold Standard Banking Corporation AG.

This new shell company was owned by Josip Heit, Kristina Heit, Ulf Lammers and Andrey Labuzdko.

In 2021, GSB Gold Standard Banking Corporation AG changed its name once again to Gold Standard Corporate AG.

It is this company name that Heit’s GSPartners Ponzi scheme has operated under (
launched in 2021
, the current iteration is “
Swiss Valorem Bank
“).

Heit’s Ponzi scheme is run through a series of “proprietary internal tokens”, which TSSB casts doubt on even existing.

The proprietary internal tokens are represented by the tickers GEUR, CVEUR, LEUR and DEUR. They are highly illiquid assets, are not traded on external cryptocurrency exchanges and have no fair market value outside the GSP ecosystem.

Moreover, Respondent GSP is not providing clients with access to block explorers for GEUR, CVEUR, LEUR and DEUR, and they are not disclosing information relating to their consensus mechanisms, their contract addresses or their contracts.

Simply put, Respondent GSP is not providing clients with sufficient information to show GEUR, CVEUR, LEUR and DEUR actually exist.

In a nutshell, TSSB has determined GSPartners’ MLM opportunity constitutes a securities offering.

Respondents GSP and Hughes mistakenly and falsely claimed Respondent GSP uses proprietary tokens like CVEUR instead of external tokens

🤖 Quick Answer

What is the cease and desist order issued against GSPartners?
On November 16th, the Texas State Securities Board issued an emergency cease and desist order against GSPartners and associated entities, naming owner Josip Heit and executives including Dirc Zahlmann and Bruce Hughes as recipients. The TSSB characterized the organization as an international coalition engaged in fraudulent investment schemes.

Which entities were named in the Texas cease and desist order?
The order targeted GSB Gold Standard Bank, GSB Gold Standard Banking Corporation PLC, GSB Gold Standard Corporation AG, Swiss Valorem Bank LTD, GSB Gold Standard Trade, and GSB Gold Standard Pay Kommanditbolag operating as GSDEFI, along with key individuals including owner Josip Dortmund Heit and executives.

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