The service provider offering GSPartners with debit card monetary companies has severed ties.
In an e mail despatched out earlier immediately, Membership Swan and Nvayo Restricted suggested GSPartners associates;
We’d like to tell you that Nvayo/CoinX (as an e-money issuer) and Membership Swan (because the crypto wallets and concierge companies supplier) is not offering monetary or different companies to GS Companions and GSB – (dba GSlifestye and affiliated entities), with rapid impact.
GSLifestyle was a debit card hooked up to GSPartners’ cryptocurrency backend.
In different phrases, up till immediately, Membership Swan and Nvayo Restricted assisted GSPartners with laundering funds obtained by securities fraud.
To that finish, no clarification for Nvayo Restricted and Membership Swan severing ties with GSPartners is supplied.
On its web site Membership Swan pitches itself as a
membership, concierge and life-style companies and cryptocurrency merchandise provided by AU Card, LLC.
Membership Swan Pay as you go Accounts issued to people in the US of America are supplied and issued by CoinX Inc., a Cash Service Enterprise regulated and registered by FinCEN and by over 44 states checklist right here.
Membership Swan Pay as you go Account entry playing cards are issued by CoinX.
Membership Swan advises that Defunct GSLifestyle branded debit playing cards will proceed to work, however will fall underneath Membership Swan’s personal branding.
So far as I can inform, AU Card, CoinX and Nvayo Restricted are all owned and operated by Chris Scanlon.
Nvayo Restricted can be the monetary companies supplier behind PlatinWorld’s PLC Ultima Ponzi debit card.
Chris Scanlon (proper) is believed to be a resident of Utah within the US.
If Membership Swan and Scanlon are conscious of a US regulatory investigation into GSPartners, or are underneath investigation themselves, this hasn’t been disclosed to their shoppers.
As of August 2022, SimilarWeb tracks the US as the biggest supply of visitors to GSPartners’ web site (39%).
At time of publication the GSLifestyle standalone web site was inaccessible. GSPartners has not publicly addressed dropping its GSLifestyle monetary companions.
Reasonably than be sincere about dropping their GSLifestyle monetary supplier, GSPartners as a substitute advised associates the service was “underneath improve”:
The above announcement appeared in GSPartners affiliate backoffices on September thirteenth.