One of many items in GSPartners’ new Meta Certificates Ponzi puzzle is GS Chain.
Evidently for a while now, GSPartners has been awarding LSC shares based mostly how a lot associates invested. They’re now being doshed out as a recruitment incentive.
GS Chain is a UK incorporation, which in and of itself is nothing exceptional. Firms Home indicators off on fraud on a regular basis.
GS Chain can also be nonetheless listed on the London Inventory Change.
Certainly not itself an indication of legitimacy, how Josip Heit fooled the LSE into itemizing his shell firm is nonetheless value documenting.
Based on Canadian GSPartners promoter Nitsa Nakos, GSPartners associates had been beforehand awarded LSC shares based mostly on how a lot they invested.
That lately modified to associates being awarded GSC shares based mostly on investor recruitment.
To fly underneath the regulatory radar, GS Chain was initially integrated as Worldwide Tech & Fintech PLC. Josip Heit fronted £1,049,900 to get the ball rolling. On paper although this was paid by his employed shareholders.
Worldwide Tech & Fintech PLC was integrated by means of a UK digital workplace tackle.
Leon Filipovic (proper), by means of the identical digital tackle, was listed as the corporate’s sole Director.
Filipovic isn’t some random Heit plucked out of skinny air.
From 2016 to 2018 he was the top of compliance and CFO for IFLS Company Companies Ltd and from 2018 and 2019 Mr. Filipovic was chargeable for schooling in blockchain know-how and growth of buying and selling software program for the Pameroy Group. Extra lately, from 2019 to 2021 he was head of software program growth for BL Enceladus Ltd.
IFLS Company Companies and Pameroy Group specialise in helping acquisition of economic licenses in jurisdictions the place regulation is lax to non-existent.
IFLS Company Companies Ltd is the world’s market chief for the acquisition of economic licenses. Asset Administration, Foreign exchange, Brokerage, Fee Companies, Crypto ICO launches or Hedge Funds are typical actions IFLS’ clientele is conducting.
Greater than 700 efficiently established monetary entities over the last 15 years within the Seychelles, Vanuatu, Georgia, Czech Republic, Belize, Panama or New Zealand ought to mirror our professionalism in contrast to no different supplier available on the market.
PAMEROY MANAGEMENT LTD is the world’s main acquirer for monetary licenses and operates within the Comoros, Vanuatu, the Marshall Islands, The Republic of Georgia, the Prepare dinner Islands, Seychelles, Belize, St. Vincent and the Grenadines, Bahamas, Singapore, Hong Kong, Malaysia and Gibraltar.
There seems to be a hyperlink between the 2 firms, with the textual content “IFLS Company Companies Ltd: Register 99123” showing on Pameroy Group’s web site.
Pameroy claims its “focus is on the European Market, particularly the German talking nations”. Though he’s from Croatia, Josip Heit lived in Germany for many years earlier than relocating to Dubai final 12 months.
Pameroy organising shell firms within the Comoros of is explicit curiosity. In mid 2021 BehindMLM documented GSB Gold Normal Financial institution’s bogus Mwali banking license.
Mwali is a part of the Union of the Comoros. GSB Gold Normal Financial institution is a German shell firm inside the GSPartners Ponzi scheme.
Pameroy additionally units up shell firms “in Kazakhstan for entrepreneurs who want to supply Foreign exchange, Crypto and Fee Processing.”
Tying all of this collectively is an October 2020 press-release, titled “G999: Josip Heit and the GSB Gold Normal within the cosmos of the blockchain monetary trade“;
GSB Gold Normal Banking Company AG (GSB), one in every of Germany’s main software program, IT and block chain teams, has launched an unprecedented know-how that makes transactions of crypto currencies a lot simpler and above all a lot quicker.
GSB Gold Normal Banking Company AG is an unbiased firm, the group contains GSB Gold Normal Pay KB (Sweden), GSB Gold Normal Financial institution Ltd. (Comoros Union), GSB Gold Normal Pay Ltd. (Kazakhstan).
Filipovic’s final cited gig was at BL Enceladus Ltd. They seem to have renamed themselves “BL Group” and “BL Company Companies” in mid 2021.
BL Group and BL Company companies run “financial-licenses.com”, by means of which they supply “offshore monetary licenses of any form”.
Kazakhstan once more pops up on the BL Group’s Monetary Licenses web site:
Maybe you’re recognizing the sample in Filipovic’s employment historical past. Why Heit bought Filipovic to entrance the Worldwide Tech & Fintech PLC shell incorporation ought to be apparent.
Filipovic represents he was from Croatia. Heit can also be from Croatia, so there may be a further private connection there.
Worldwide Tech & Fintech PLC was integrated on April third, 2021. Worldwide Tech & Fintech PLC shortly bought itself an organization registration quantity and Authorized Entity Identifier.
To maintain his title off the books, Heit (doubtless not directly) employed the UK agency First Sentinel to help.
As per their web site, First Sentinel
specialises in company and industrial legislation, in addition to company finance legislation, for SMEs, pre-IPO and listed firms.
That final half match into Josip Heit’s plans for Worldwide Tech & Fintech PLC.
First order of enterprise was altering Worldwide Tech & Fintech PLC’s title to GS Chain PLC. That happened through a ninth July decision.
First Sentinel Advisory Restricted was appointed as a Secretary of PLC on July 14th.
A GS Chain PLC buying and selling certificates was obtained on July twenty eighth.
His job achieved organising Heit’s shell firm, Leon Filipovic and his UK shell firm GS&IB Fintech LTD had been terminated as Director and Secretary, on thirtieth September and twenty ninth September respectively.
That to not say Filipovic cashed out and parted methods. He stayed on as GS Chain PLC’s Chairman and, at the very least on paper, owns 28.3% of GS Chain PLC shares.
Sébastien Dominique André Guerin, GS Chain’s COO, owns one other 28.3%. Guerin is a Director/Associate in Josip Heit’s GSB Gold Normal Company AG German shell firm.
Right here I’ll briefly point out GS Chain’s appointed CEO, US citizen and resident Alan Austin.
Not surprisingly, Austin is a GSPartners investor:
Austin is an OG Harald Seiz period Ponzi promoter, relationship again to Karatbars:
Karatbars Worldwide after all being the place Josip Heit’s MLM crypto Ponzi scamming started.
Austin is joined on GS Chain’s government board by Sanjay Nath, a Director/Associate in one more of Josip Heit’s shell firms GSB Gold Normal PLC:
Nath (proper) holds 2.25% of GS Chain’s shares. Nath’s son and daughter maintain 0.25% every respectively.
Regardless of GSPartners associates purportedly being points GS Chain shares hooked up to their investments, none of them are recorded in GS Chain’s monetary filings.
The mob that signed off on all this nonsense was UK accounting agency Haysmacintyre LLP.
GS Chain PLC’s shell firm filings stopped on December nineteenth, 2021. For extra data we flip to GS Chain’s prospectus.
Right here we discover GS Chain’s shell firm cowl;
The Firm intends to establish alternatives inside the know-how sector, to conduct the required due diligence and subsequently full an Acquisition.
Whereas the Administrators will think about a broad vary of know-how sectors, these which the Administrators imagine will present the best alternative and which the Administrators will initially concentrate on embrace the usage of applied sciences in actual property, banking, finance, fintech,
telecommunications, automotive and blockchain industries.
However after all, being a shell firm created for the only objective of furthering GSParner’s Ponzi scheme by means of securities fraud;
The Firm has not but commenced operations, aside from in respect of its proposed itemizing.
The Firm has no working enterprise and has not but recognized any potential goal firm or enterprise for an Acquisition.
The Firm has no working enterprise and at the moment, there are not any plans, preparations or understandings with any potential goal firm or enterprise relating to an acquisition.
The Firm won’t generate any revenues from operations except it completes an Acquisition.
And except Heit has GS Chain “purchase” one in every of his different shell firms, or vice-versa, that’s unlikely to alter. All of the funding fraud motion is happening at GSPartners and Lydian World.
With the ruse in place and the London Inventory Change none the wiser, GS Chain submitted its software for a public itemizing.
It’s anticipated that Admission will turn out to be efficient and that dealings in Extraordinary Shares will begin at 8.00 a.m. on 13 Might 2022.
The London Inventory Change web site permits to substantiate GS Chain shares had been certainly issued on Might thirteenth.
Funnily sufficient, with none enterprise operations or income, the shares have gone from 3.63 GBP to five.45 GBP as of Might thirtieth.
Additionally funnily sufficient, all the listed GS Chain shares had been traded “off-book”.
In mild of nearly all of GSPartners buyers being US residents and the corporate doshing out GS Chain shares to high buyers and now high recruiters, the next disclosures in GS Chain’s potential are of great significance.
The Extraordinary Shares haven’t been and won’t be registered underneath the US Securities Act of 1933, as amended (the “Securities Act”), or the securities legal guidelines of any state or different jurisdiction of the US or underneath relevant securities legal guidelines of Australia, Canada, Japan or the Republic of South Africa.
Topic to sure exceptions, the Extraordinary Shares is probably not, supplied, offered, resold, transferred or distributed, instantly or not directly, inside, into or in the US or to or for the account or advantage of individuals in the US, Australia, Canada, Japan, the Republic of South Africa or some other jurisdiction the place such supply or sale would violate the related securities legal guidelines of such jurisdiction.
What’s the purpose of stating that if, by means of digital shares or in any other case, you’re going to go forward and do the alternative?
Right here SimilarWeb’s present web site statistics for GSPartners’ and Lydian World’s respective web sites:
It’s inconceivable that no one from the US or South Africa doesn’t personal GS Chain shares. You’re not going to seek out any direct paper proof of that for the LSE to uncover, however we’ll once more depend on statements made by GS Companions promoter Nitsa Nakos a number of weeks in the past;
Due to the particular relationships that Gold Normal Chain firm has with GS Companions (Editor: in that they’re each owned by Josip Heit), it implies that the members of GSPartners have a possibility to obtain gifted shares.
Now within the first wave we obtained gifted shares for product acquisition (Editor: investing) and for gross sales efforts (Editor: recruiting buyers).
Now within the second wave and with us already now being listed, we will probably be receiving shares for gross sales efforts (Editor: recruiting buyers).
There’ll not be shares issued for product acquisition.
And should you’re questioning why Heit goes to a lot effort to masks doshing out GS Chain shares to US residents, once more of whom make up nearly all of GSPartners affiliate buyers, look no additional than GS Chain’s prospectus;
The Extraordinary Shares haven’t been authorised or disapproved by the US Securities Change Fee, any State securities fee in the US or some other US regulatory authority, nor have any of the foregoing authorities handed remark upon or endorsed the of this Doc.
Any illustration on the contrary is a legal offence in the US.
As they usually do with securities fraud, the UK authority chargeable for reviewing GS Chain’s itemizing software absolves itself of any accountability.
IT SHOULD BE NOTED THAT THE UK LISTING AUTHORITY WILL NOT HAVE THE AUTHORITY TO (AND WILL NOT) MONITOR THE COMPANY’S COMPLIANCE WITH ANY OF THE LISTING RULES WHICH THE COMPANY HAS INDICATED IN THIS DOCUMENT THAT IT INTENDS TO COMPLY WITH ON A VOLUNTARY BASIS, NOR TO IMPOSE SANCTIONS IN RESPECT OF ANY FAILURE BY THE COMPANY TO SO COMPLY.
The FCA have jurisdiction…
HOWEVER THE FCA WOULD BE ABLE TO IMPOSE SANCTIONS FOR NON-COMPLIANCE WHERE THE STATEMENTS REGARDING COMPLIANCE IN THIS DOCUMENT ARE THEMSELVES MISLEADING, FALSE OR DECEPTIVE.
However… effectively, for essentially the most half they’re hopeless. Heit selected the UK to fraudulently difficulty shares from for a purpose.
Because it stands each individual and firm on this checklist is indirectly complicit to the fraud being perpetrated by means of GSPartners, Lydian World and GS Chain:
How complicit is as much as an investigating authority to find out, be it within the UK or US. Heit runs GSPartners from and spends most of his time in Dubai.
Dubai is the MLM crime capital of the world. There’s diddly-squat likelihood of authorities there doing something.