GSPartners and proprietor Josip Heit have engaged a US legislation agency to intimidate a US primarily based YouTuber.
Chris Saunders runs the Grit, Grind, Gold YouTube channel.
On Grit, Grind, Gold you’ll discover a number of movies crucial of GSPartners and its precursor Karatbars Worldwide:
In an try to silence Saunders, Heit and GSPartners, dba Gold Normal Banking Company, has engaged the US legislation agency Zuber Lawler.
Zuber Lawler despatched Saunders a stop and desist pertaining to statements made concerning Gold Normal Banking Company, Josip Heit, Michael Dalcoe and Tony De Gouveia.
For the sake of simplicity, and since he’s doubtless paying Zuber Lawler’s charges, I’m citing Heit as instigator of the discover.
Heit objects to a number of statements made by Saunders on Grit, Grind, Gold.
These embrace:
- that Karatbars Worldwide and GSPartners are materially the identical enterprise;
- that GSPartners is a Ponzi scheme; and
- that GSPartners and Josip Heit are engaged in “legal actions of ethical turpitude”.
Zuber Lawler keep Saunders’ statements made in reference to the above factors are defamatory.
To clarify away Heit’s government involvement in Karatbars, particularly because the architect behind its failed transition to cryptocurrency fraud, Zuber Lawler asserts
GSB has no associates with Karatbars; it’s neither a guardian nor subsidiary nor affiliate of Karatbars; and it wholly exists as a separate and unbiased entity.
All of these statements are true. They usually additionally dodge the actual fact Heit created GSPartners as his personal Karatbars spinoff.
GSPartners’ G999 Ponzi token scheme was modeled immediately on Karatbars’ Worldwide’s failed GSB Ponzi token scheme.
Regardless of Heit, as a Karatbars government, doubtless being on of the first beneficiaries of Karatbars’ failed crypto Ponzi scheme, and utilizing these ill-gotten good points to launch GSPartners, Zuber Lawler places forth that Gold Normal Banking Company is “a sufferer”.
Portray Gold Normal Banking Company and Heit as mere traders, Zuber Lawler claims;
GSB and Mr. Heit didn’t revenue from their relationship with Karatbars; they in actual fact misplaced tens of millions of {dollars} by means of their funding.
Transferring onto GSPartners being a Ponzi scheme, Zuber Lawler asserts it isn’t… as a result of legislation enforcement hasn’t caught up with Heit but.
GSB and its brokers and principals have by no means been charged with or convicted of any crime alleging a Ponzi scheme.
It’s because GSB shouldn’t be engaged in a Ponzi scheme.
It is a variation of the “if it was unlawful, it might have been shut down” rip-off protection.
The argument is flawed as a result of it’s primarily based on the premise that legal exercise can’t exist till somebody is charged.
This creates a “rooster or egg” paradox, whereby no person will be charged if no legal exercise passed off.
One want solely take a look at each legal case ever filed to see legal exercise passed off prior to anybody being held accountable. However legal exercise that takes place no matter anybody is ever held accountable.
To drive dwelling a degree, right here’s an instance of GSPartners’ funding scheme;
Observe that since our preliminary overview, G999 has gone nowhere and so GSPartners has gone on to launch different token funding schemes.
As outlined by way of the Howey Take a look at, an funding contract exists if there’s an
funding of cash in a typical enterprise with an affordable expectation of earnings to be derived from the efforts of others.
Right here we have now customers sending cash to GSPartners (a typical enterprise), solely on the expectation of “earnings derived from the efforts of others”.
When somebody cashes out their G999 tokens, they’re paid with subsequently invested funds. It’s a closed-loop circulation of cash with no exterior income supply.
Extra urgent, with respect to Zuber Lawler and Saunders being primarily based within the US, the existence of an funding contract constitutes a securities providing.
Neither GSPartners, Josip Heit or any of the shell corporations hooked up to GSPartners are registered with the SEC.
Michael Dalcoe, who refers to himself as GSPartners’ CEO, is believed to be one in every of GSPartners’ prime promoters.
He’s additionally a US citizen and resident, along with not being registered with the SEC.
Somewhat than handle any of those info, which by definition can’t be defamatory, Zuber Lawler hides behind an undisclosed authorized opinion.
GSB retained an unbiased legislation agency to conduct a complete inside investigation focusing on these costs.
This investigation study the inner mechanics of the group to find out if there was any proof of, amongst different issues, cash laundering, transaction laundering, BRAM/GBPP violations, licensing and SEC points, and improper contractual and gross sales practices.
The investigation concluded there was no wrong-doing, and will probably be used to display the falsity of your defamatory statements.
Zeek Rewards, TelexFree, OneCoin… it is not uncommon for MLM Ponzi scheme to cover behind paid authorized opinions.
So far not one has ever held up in courtroom. They actually haven’t stopped the arrest of executives within the above named corporations or subsequent legal trials.
I’ve supplied proof of GSPartners’ securities fraud above. Any authorized opinion on the contrary willfully ignores this proof.
As a result of I do know somebody from Zuber Lawler goes to learn this, ship me this authorized opinion rubber-stamping GSPartners’ fraud and I’ll be comfortable to dissect it.
Addressing the third level is trivial. Operating a Ponzi scheme is prohibited.
By the use of having no retail providing, GSPartners additionally operates as a pyramid scheme.
Anybody working Ponzi and pyramid schemes is by definition “engaged in legal actions of ethical turpitude”.
Zuber Lawler closes by declaring Saunders’ statements are defamatory.
The legislation agency threatens to take authorized motion in opposition to Saunders if he doesn’t take away Grit, Grind, Gold movies and comply with stop and desist additional commentary.
If the foregoing written assurances aren’t well timed supplied, a grievance in opposition to you can be filed in a Virginia courtroom searching for an injunction, damages (together with punitive damages), and different acceptable aid.
In response to the stop and desist, Saunders revealed a video titled “Grit Grind Gold’s Response to Josip Heit’s lawyer” on November nineteenth.
Within the video Saunders’ states;
[9:06] Josip Heit has accused me of being part of against the law syndicate, a legal group … that is unfaithful.
[9:42] Not simply myself however my colleagues and associates, so far as CryptTalk Nation (goes), is asking us a part of against the law syndicate.
That’s defamation of character.
So right here’s my reply to you;
You’ve got ten days to make a public apology, admitting that you simply had been fallacious and that you simply had been giving misinformation.
Not solely do you must try this, you must pull the G999 (scheme) down utterly.
Your G999 is useless, since you lied about me, about CryptTalk Nation, concerning the crime syndicate.
And in the event you don’t wanna try this, that’s nice. I’ll take you to courtroom for defamation.
Did you actually assume I used to be going to again down from a combat?
Whether or not GSPartners, Josip Heit and his cronies make good on their menace of authorized motion stays to be seen.
At time of publication Alexa estimates reveal a continued decline in site visitors to GSPartners’ web site:
The US is cited as the highest supply of site visitors (29%), adopted by South Africa (28%) and India (12%).
Whether or not US authorities have an open investigation into GSPartners, Josip Heit and/or Michael Dalcoe is unclear.
Replace twenty second January 2022 – GSPartners filed go well with in opposition to Chris Saunders on December sixteenth.
Replace twenty ninth August 2022 – GSPartners has deserted its lawsuit in opposition to Chris Saunders.
Replace 4th September 2022 – In what seems to be a part of a reached settlement, all of Grit Grind Gold’s social media profiles have been made non-public.
Moreover, all movies on the Grit Grind Gold YouTube channel have additionally been marked non-public.