Swiss Valorem Bank launched in mid May. The company is a rebranding of GSPartners.

GSPartners is owned and operated by Josip Heit.

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

GSPartners was launched back in 2021 following the collapse of Karatbars International’s KBC cryptocurrency Ponzi scheme.

Karatbars International was owned and operated by Harald Seiz. Seiz partnered with Heit and his Gold Standard Bank circa 2017-2018.

Heit’s partnership with Seiz eventually led to Karatbars International lunching KaratGold Coin (KBC) in mid 2019.

The launch was a
disaster
, with KBC dumping 62% within a few days.

Sitting on funds they’d milked investors out of, Seiz and Heit laid low for most of 2019 and 2020.

Sometime in early 2020 “Gold Standard” was launched, and along with it yet another token reboot. This time it was G999.

After Gold Standard’s launch, Harald Seiz and Josip Heit had a falling out. This led to Heit leaving Karatbars International and launching GSPartners in late 2020.

The
original iteration of GSPartners
was a simple MLM crypto investment scheme built around
G999 token
(the same token launched under Karatbars earlier in 2020).

G999 wasn’t worth anything within GSPartners. The token was dumped on public exchanges in February 2021.

Early GSPartners investors were
quick to cash out
, prompting the inevitable Ponzi coin dump. G999 never recovered.

Since GSPartners’ original G999 investment scheme, Heit has launched numerous failed iterations;

J One
– failed Dubai real-estate scheme built around short-lived JONE token (June 2021)

XLT
– JONE token replacement for real-estate and Lydian World metaverse grift (July 2021)

Lydian Lions
– NFT grift (January 2022)

LYS token
– created around the time the Lydian Lions NFT grift launched, was artificially pumped to $1800 in early 2022 – now $3.23

In May 2022 GSPartners launched its current
“metaverse certificates” investment scheme
. This coincided with the launch of GEUR, yet another token.

GEUR is cashed out 1:1 against the euro, but isn’t publicly tradeable and doesn’t exist outside of GSPartners.

Over the next 12 months GSPartners received regulatory fraud warnings from multiple jurisdictions:

the Central Bank of the Comoros issued a
GSB Gold Standard Bank LTD fraud warning
in June 2022

the Alberta Securities Commission in Canada issued respective
GSTrade
and
G999
securities fraud warnings in March 2023

Autorite des Marches Financiers (Quebec, Canada) issued a
GSPartners securities fraud warning
in March 2023

the owner of
GSPartners’ former financial services provider
was
arrested
in May 2023

the Alberta Securities Commission issued a GSPartners securities fraud warning in May 2023

As the regulatory fraud warnings began to pile up, GSPartners
rebranded itself as Swiss Valorem Bank
in mid May, 2023.

Post rebranding,
British Columbia
and
Saskatchewan
have both issued GSPartners and Swiss Valorem Bank securities fraud w

🤖 Quick Answer

What is Swiss Valorem Bank and its connection to previous entities?
Swiss Valorem Bank is a rebranding of GSPartners launched in May, owned by Josip Heit. GSPartners emerged in 2021 following Karatbars International's collapse, a cryptocurrency scheme involving Harald Seiz and Heit's Gold Standard Bank partnership from 2017-2018.

Who is Josip Heit and what is his background?
Josip Heit, originally from Croatia, reportedly holds a German passport. He is the owner and operator of GSPartners and Swiss Valorem Bank, and was involved in the Gold Standard Bank and Karatbars International ventures with Harald Seiz.

What occurred with KaratGold Coin and when was it launched?
KaratGold Coin (KBC), a cryptocurrency, was launched mid-

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