Florida’s November 17th
GSPartners securities fraud cease and desist order
comes in at 
two hundred and eighty-six pages.

Thankfully most of that is evidentiary exhibits of GSPartners’ alleged fraud. What the order also contains though is two affidavits from Florida’s Office of Financial Regulation’s agents, detailing undercover investigations into GSPartners.

So far BehindMLM has documented nine GSPartners regulatory fraud warnings from US regulators. This is the first time we’ve seen insight into how the investigations are conducted.

The first documented investigation was conducted by a financial investigator from the Economic Crimes of the Bureau of Financial Investigations division of OFR.

The investigation began on October 26th, following a request from OFR’s Bureau Chief.

The available agent attended an October 28th GSPartners marketing event, put on in Belleview, Florida by WealthBuilders Global.

WealthBuilders Global is a US GSPartners recruitment team headed up by Michael Dalcoe and Nathaniel Hines (aka Nate Hines).

As detailed in the first exhibited affidavit;

On October 28th, 2023, at 12:30 hrs, we arrived at the Belleview Library.

Upon entry into the library, we were immediately confronted with a dry-erase whiteboard that stated the following:

Wealth Builders Global Event

Today @ 1 pm EST come join us.

“Get paid while you sleep every day can be a pay day.”

This event is for educational purpose only.

Please join us!

Immediately to the right of the dry-erase board was the room for the event.

A sign was posted at the entry door of the room stating “Notification of Filming & Photography”. This sign notifies attendees that upon entry into the event they consent to audio and video recordings.

Due to this posting, I decided to audio-record the presentation. At the time of this observation, the room was empty.

Soon after arriving, my wife and I were met by Ruel Milson (“Milson”). He appeared to be the presenter for the event.

During Milson’s introduction, he informed my wife and I that the presentation would last 15 minutes.

Upon entry, we were required to sign in: (Name, Phone number, and email address.)

At 1300 hours, there were only 3-people present. This figure included my wife and myself.

We were notified by Milson that the presentation would be delayed 15 minutes. No reason was provided for the delay.

At approximately 1320 hours, a person entered the event purporting to be another attendee. This individual called himself “Jeff”.

Prior to the start of the presentation, Milson spoke briefly about himself and- his background. Milson had a very strong Haitian/Creole accent.

During this time, he informed attendees that company leaders were live via video conference to assist with the Q&A after the presentation.

At the start of the video presentation, Milson was not the presenter. Rather, the video was narrated by an unidentified individual who was not present in person.

The video quality of the presentation was p

🤖 Quick Answer

What does Florida's cease and desist order against GSPartners reveal about regulatory investigations?
Florida's 286-page cease and desist order issued November 17th contains two affidavits detailing undercover investigations into GSPartners' alleged securities fraud. The document provides rare public insight into investigation methodologies employed by the Office of Financial Regulations, marking the first transparent disclosure of such investigative procedures in GSPartners regulatory cases across nine documented US regulatory warnings.

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