Earlier this week it became apparent that GSPartners is on the road to collapse.
This started with the
disabling of weekly returns
on Monday, swiftly followed up by a
50% withdrawal fee
on Tuesday.
Officially, GSPartners has fed investors baloney about a “downturn in the markets”. The actual reason for the collapse is far simpler.
The Achilles’ heel of GSPartners trading representations is that there’s no proof of trading taking place, or trading revenue being used to pay withdrawals.
This is a legal requirement that can only be satisfied via registration with financial regulators and periodic filing of audited financial reports.
GSPartners isn’t registered with financial regulators. Nor has it filed any audited financial reports, for what should be obvious reasons by now.
With that in mind, as posted in GSPartners’ official private FaceBook group, here’s the trading ruse they’re going with;
If you have followed the markets over the past 45 days you would have seen market drops across multiple sectors.
Some of the trades took massive drops, whilst others have grown profitably.
Some of the negative trades reached margin call limits on accounts, triggering the need to top up the accounts or close those trades.
Upon advice the decision was made to top up accounts, and wait for the losing trades to reverse direction. This action was taken.
However over an extended period of analysis, it was decided that the losing trends would not reverse soon, and the decision was made to close those trades, without a second “top up”, whilst continuing on with the profitable trades.
Your accounts will be updated to show the loss your account has felt, whilst calculating any compound amounts which you may have done, which lessened the loss for you.
Even if you buy into GSPartners’ ruse, which you absolutely shouldn’t, there are a few points of contention to consider:
what’s to stop this happening again (in a few months)?
given returns paid to investors who weren’t withdrawing were also purportedly derived via trading, how come their balances didn’t change?
GSPartners’ marketing pitch was up to 5% a week, guaranteed. The pitch never factored in losses and consumers were not advised of the possibility of having to reinvest to continue to receive the weekly passive ROI.
In the complete absence of verifiable evidence GSPartners is and has been paying withdrawals with trading revenue,
obviously
their ruse is fiction.
So what’s
actually
happening?
Signs of GSPartners’ collapse have been building up in the background, if you’ve been paying attention.
When it
launched its certificates investment scheme
in May 2022, GSPartners originally represented BDSwiss was trading on its behalf.
This ruse fell apart when BDSwiss publicly confirmed it had
nothing to do with GSPartners
in January 2023.
GSPartners swept this under the rug by
pretending they meant Skygroup Group
. That led to the creation of the shell entity GSBDSwiss.
BDSwiss’ response to
🤖 Quick Answer
Why did GSPartners disable weekly returns and implement withdrawal restrictions?
GSPartners disabled weekly returns and introduced a 50% withdrawal fee in response to operational difficulties. The company attributed these measures to market downturns, citing challenging trading conditions as justification for the temporary suspension of regular investor payouts and withdrawal limitations.
What regulatory requirements does GSPartners fail to meet?
GSPartners lacks registration with financial regulatory authorities and has not filed audited financial reports. These constitute legal requirements for investment firms handling client funds, necessary to verify legitimate trading operations and ensure proper allocation of revenue toward investor withdrawals.
What evidence exists of GSPartners' actual trading activities?
No verifiable proof of active trading operations or trading-generated revenue has been publicly documented for GSPartners. The absence of regulatory filings and audited financial statements prevents independent verification of claimed investment activities and fund allocation mechanisms.
🔗 Related Articles
- BlackOxygen Organics class-action alleges supplement toxicity
- Vstream TV domain seized by MPA, IXQ TV shut down
- Paul Burks files criminal trial brief
- AARP pushes pyramid scheme onto retirees
- Answering some questions on Polaris Media Group
