BehindMLM can confirm that GSPartners and owner Josip Heit are the subjects of multiple federal and state regulatory investigations in the US.

Investigations we’re aware of include the CFTC, SEC and Alabama Securities Commission.

Unfortunately due to the non-public nature of US regulatory investigations, we can’t provide any specifics. What I can tell you is I’ve personally spoken with Senior Trial Attorneys putting together one of the cases.

Confirmation of these investigations is significant, as the majority of GSPartners investors are US residents.

Typically BehindMLM wouldn’t report on non-publicly verifiable information but I find myself in a precarious position – more on that later today.

Generally speaking and independent from my communication with US regulators, here’s what each agency is likely to be examining.

The CFTC investigating GSPartners & Heit

The CFTC is a federal US regulator that primarily investigates commodities fraud.

With respect to GSPartners, this will likely pertain to the representation that, through its
“metaverse certificates” investment scheme
, profit is generated via forex trading, real-estate and renewable energy.

GSPartners pitches passive returns on its commodities offering as high as 5% a week.

At no time has GSPartners, Josip Heit or any of GSPartners’ associated shell companies been registered with the CFTC.

This on face value constitutes commodities fraud.

The SEC investigating GSPartners & Heit

Although simplified, an often cited rule of thumb on BehindMLM is “MLM + passive investment scheme = securities offering”.

The SEC is a US federal regulator that primarily investigates securities fraud.

To establish a securities offering, an MLM company must be proven to be offering consumers an investment contract.

Under US law, the existence of an investment contract is determined via the
Howey Test
.

Under the Howey test, an “investment contract” exists when there is the investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others.

Broken down, under the Howey Test you have “the investment of money … in a common enterprise … with the expectation of profit … to be derived from the efforts of others”.

With respect to GSPartners’ metaverse certificates investment scheme:

GSPartners solicits investment in tether.

GSPartners investors invest into GSPartners directly, making it a common enterprise.

GSPartners markets its metaverse certificates scheme on the promise of weekly returns, creating an “expectation of profit” among investors.

GSPartners’ metaverse certificates scheme is entirely passive for investors. Any profits received are derived solely “from the efforts of others” (the various external revenue ruses GSPartners presents to investors).

Upon satisfying the existence of an investment contract, a securities offering is established. MLM companies offering securities to US residents need to be registered with the SEC.

Bey

🤖 Quick Answer

What regulatory investigations concern GSPartners and Josip Heit in the United States?
GSPartners and its owner Josip Heit face multiple federal and state regulatory investigations in the US, including proceedings by the Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and Alabama Securities Commission, according to BehindMLM reporting based on communications with Senior Trial Attorneys involved in case development.

Why is the confirmation of these investigations significant for GSPartners?
The confirmation holds particular significance because the majority of GSPartners investors are United States residents, making regulatory oversight and potential enforcement actions directly relevant to their investments and financial interests in the company.

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