GSPro terminates Canadian GSPartners investor accounts

GSPro has blocked Canadian investors from accessing its fraudulent “metacertificates” investment scheme.

As
first reported by BehindMLM reader David
earlier today, GSPro purportedly began blocking Canadian GSPartners investors on February 7th.

I was able to confirm Canada has been geo-blocked from accessing GSPro’s website (note GSPartners recently
changed its name to GSPro
following multiple regulatory fraud warnings).

The blocking of Canadian investors, the majority of whom signed up and invested under GSPartners, follows
blocking of US investors
in December.

Attempts to visit GSPro’s website from a Canadian IP address now returns the same notice shown to US investors.

Whereas the message previously only referenced US investors, it now reads;

We are not offering any services to, engaging in any transactions with, or accepting any funds from U.S.
or Canadian
customers.

No new U.S.
or Canadian
customers will be permitted to register. Nor will any new customer be permitted to register from any country without proper “Know Your Customer” documentation.

Any existing U.S.
or Canadian
customer accounts are in the process of being closed, as are all existing accounts without proper “Know Your Customer” documentation on file.

To date six Canadian provinces have issued GSPartners fraud warnings;
British Columbia
,  
Ontario
, Alberta (
G999
,
GSTrade
and
GSPartners
),
Quebec
 and 
Saskatchewan
.

In November 2023 the British Columbia Securities Commission specifically singled out former Canadian resident Nitsa Nakos in a cited “coordinated U.S.-Canada enforcement action”.

Nakos is believed to be at the center of Canadian recruitment of GSPartners and GSPro investors. Following the Canadian fraud warnings, Nakos fled to Greece.

GSPartners founder Josip Heit, originally from Croatia but with ties to Germany and Romania, remains holed up in Dubai.

There have been no public announcements from GSPartners since January 2024. Neither the US or Canadian regulatory fraud warnings were discussed on the corporate webinar.

Since GSPartners blocked US investors in December, US website traffic to GSPro’s website has plummeted.

As of January 2024, top sources of traffic to GSPro’s website are Canada (31%), the UK (13%), Kazakhstan (13%) and Greece (12%). Up until December 2023, the US accounted for over half of GSPartners website traffic.

So far twelve US states have issued GSPartners and GSPro regulatory fraud warnings.

The latest state to take action was Georgia. Following an internal investigation, Georgia’s Commissioner of Securities fined Heit and top US promoter Michael Dalcoe $500,000.

At least
two confirmed US federal investigations into GSPartners and GSPro
are ongoing.

Outside of the US and Canada,
South Africa
,
Australia
and
New Zealand
have also taken regulatory action.

Pending further action by authorities, total GSPartners investor losses remain unknown.

🤖 Quick Answer

What is GSPro's geographic blocking policy?

Why did GSPro block Canadian investors?
GSPro blocked Canadian access following multiple regulatory fraud warnings. The restriction targets GSPartners investors, the majority of whom operated under the company's former name before its recent rebranding to GSPro and subsequent service limitations.

When did GSPro restrict Canadian investor access?
GSPro initiated geographic blocking of Canadian IP addresses on February 7th. This action followed the earlier December blocking of US-based investors, representing an expansion of the company's service restrictions across North American territories.

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