Swiss Valorem Bank and GSPartners have received a securities fraud warning from British Columbia, Canada.

As per the
British Columbia Securities Commission’s May 30 warning
;

GSPartners conducts business using various names, including GSB Gold Standard Pay Ltd., GSB Gold Standard Bank Ltd., Gold Standard Trade, Lydian World, G999, GSTrade, and Swiss Valorem Bank. They claim to offer cryptocurrency investment services.

GSPartners is not registered to trade in, or advise on, securities or derivatives in BC.

As a result of Swiss Valorem Bank and GSPartners committing securities fraud, the BCSC

urge(s) BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.

Recruitment of GSPartners investors in Canada is spearheaded by “Crown Ambassador” Nitsa Nakos.

Originally from British Columbia, Nakos’ FaceBook profile suggests she has fled to Greece.

GSPartners 
solicited investment in cryptocurrency
 on the promise of passive returns, paid out over 18 to 24 months (click below to enlarge).

Following a string of regulatory fraud warnings from Canada (
G999
, 
GSTrade
 and 
Quebec
), the ASC’s GSPartners warning being the latest, GSPartners 
rebranded as Swiss Valorem Bank
 last week.

Through Swiss Valorem Bank, consumers are still being pitched on passive investment plans:

Swiss Valorem Bank operates from GSPartners’ website domain (“gspartners.global”). Associated shell companies include Swiss Valorem Bank LTD (Kazakhstan), IBBP Pay Services LTD (Kazakhstan) and CoinX24 AG (Switzerland).

As tracked by SimilarWeb, “gspartners.global” received ~483,000 visits throughout April 2023. The vast majority of that traffic originated out of the US (74%).

Neither GSPartners, Swiss Valorem Bank or any of its associated companies are registered to offer securities in any jurisdiction they solicit investment in.

GSPartners and Swiss Valorem Bank are run by former 
Karatbars International
 executive Josip Heit.

Heit, originally from Croatia, is believed to hold a German passport.

These days Heit spends most of his time 
hiding out in Dubai
, from where GSPartners and Swiss Valorem Bank are operated.

🤖 Quick Answer

What is Swiss Valorem Bank and what warning has been issued about it?
Swiss Valorem Bank, operated by GSPartners, received a securities fraud warning from British Columbia's Securities Commission in May. The entity operates under multiple names and falsely claims to offer cryptocurrency investment services while lacking proper registration to trade or advise on securities in British Columbia.

Which aliases does GSPartners use for its operations?
GSPartners conducts business under various names including GSB Gold Standard Pay Ltd., GSB Gold Standard Bank Ltd., Gold Standard Trade, Lydian World, G999, GSTrade, and Swiss Valorem Bank. These multiple identities are utilized to market unregistered investment services to potential clients.

What regulatory violations has GSPartners committed in British Columbia?
GSPartners is not registered with British Columbia authorities to trade in or advise on securities and derivatives. The firm's operations constitute securities fraud, prom

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