The GSPartners spinoff Billionico has received a securities fraud cease and desist from Texas.
Named respondents in the Texas State Securities Board’s April 22nd emergency cease and desist order include:
- Billionico Academy, aka Billionico
- Primus Liquidity Holding Ltd
- Elite Club World
Daniel Von Lison (right), aka Daniel Markus Lison, Daniel Markus von Lison, Daniel Freiherr, founder of Billionico- Marina Karp, aka Marina v. Lison
- Frank Deyle, CEO of Billionico
- Christian Cruz Riander, Sales Director of Billionico
- Scott Ifionayi, African President of Billionico
- Christopher Peacock, former GSPartners promoter turned Billionico promoter
- Auratus, Hong Kong shell company and
- Terry Lee, representative of Auratus
Daniel Von Lison (right), aka Daniel Markus Lison, Daniel Markus von Lison, Daniel Freiherr, founder of Billionico
TSSB notes that after it issued a securities fraud emergency cease and desist against GSPartners and owner Josip Heit (right),
Frank Deyle, the Marketing Advisor and Advisory Board Member for Swiss Valorem Bank Ltd and a promoter of products for GS Partners, began promoting Billionico Academy.
Based on collected evidence;
Billionico Academy was initially advertised as an educational platform that issued memberships sold through commissioned sales agents tied to a multilevel marketing scheme.
However, Frank Deyle and others began telling clients it would begin offering investments on April 19, 2024.
On April 19, 2024, Billionico Academy began offering investments in a digital gold vault issued by Respondent Aractus, represented by Terry Lee, that purportedly secures physical gold and generates passive income using fintech and blockchain technology.
The investments in the digital gold vault are being illegally, deceptively and fraudulently offered in Texas and the Securities Commissioner is entering this Emergency Cease and Desist Order to stop the scheme and protect the public from immediate and irreparable harm.
Billionico hides fraudulent “digital gold vault” investment scheme behind “educational modules”.
Respondent Billionico is promoting educational modules that include the Kickstarter, Catalyst, Accelerator, and Momentum Builder modules.
Billionico’s educational modules cost between 99 to 999 euros each.
The real Billionico business opportunity however is promoted on private corporate calls;
Respondents Billionico, Daniel von Lison, Deyle and Riander are using the corporate video calls to promote the learning modules.
They have also been claiming Respondent Billionico will begin offering investments associated with as many as 15 different businesses.
Respondent Billionico originally planned to begin offering these new products in or around March 2024, but later delayed the launch to April 19, 2024.
On April 19, 2024, Respondents Billionico, Deyle, Daniel von Lison and Rainder announced that clients can purchase investments in a digital gold vault issued by Respondent Auratus.
Investors purchase the use of a digital vault to store gold referred to as the TAS Vault.
The purchase price of the investment is 150, 500, 2500, 7500 or 10,000 euros depending on the volume and/or weight of gold that will be stored in the digital vault.
The investments provide use of the digital vault for a term of between 12 and 60 weeks depending on the plan elected by the investor.
After purchasing the investment, investors enter a queue to join the digital vault, and, once admitted, the digital vault generates a passive yield shared between the investor and other investors admitted to the digital vault.
Investors are paid commissions for recruiting new investors and earn other compensation through a multilevel marketing scheme.
Prior to Billionico delaying the launch of its TAS Vault investment scheme, TSSB reached out to Christian Cruz Riander.
Riander purportedly told Director of Enforcement Joe Rotunda, “these days my schedule is packed. Perhaps another time.”
In BehindMLM’s published March 7th Billionico review, we noted the company was tied to GSPartners and Josip Heit through Heit’s German attorneys, Irle Moser.
Irle Moser is cited as a non-respondent party in TSSB’s Billionico fraud order;
In or around February 2024, Irle Moser, an attorney that has represented GSB Gold Standard Corporation AG and Josip Heit, filed for the word mark for Billionico.
Given his filing for the word mark for Billionico, the Enforcement Division is sending a copy of this Emergency Cease and Desist Order to him at Irle Moser Rechtsanwalte PartG, Unter den Linden 32-34, D-10117 Berlin, Alemania.
Other non-respondent parties cited in TSSB’s order include:
- Orbit Conceptum AG, fka Ledger21 AG, PT Poly Trading AG and Romantic SA
- Leon Filipovic, long-time business partner of Josip Heit and principal of Orbit Conceptum AG
CoinX24 AG, “an organization receiving and sending correspondence on behalf of Orbit Conceptum AG”, controlled by Felix Honigwachs (right), cited as “a Member of the Advisory Board of the Zahlmann Family Office (Zafao World)
CoinX24 AG, “an organization receiving and sending correspondence on behalf of Orbit Conceptum AG”, controlled by Felix Honigwachs (right), cited as “a Member of the Advisory Board of the Zahlmann Family Office (Zafao World)Having conducted a thorough investigation into Billionico, TSSB concluded;
Respondents Billionico, Primus Liquidity Holding, Elite Club World, Daniel von Lison, Marina von Lison, Deyle, Riander, Ifionayi, Peacock, Auratus and Lee have not been registered with the Securities Commissioner as dealers or agents at any time material hereto.
The investments in the digital vault issued by Respondent Auratus have not been registered by qualification, notification or coordination, and no permit has been granted for their sale in Texas at any time material hereto.
Due-diligence disclosure failings related to Billionico, Daniel von Lison, Primus Liquidity Holding, Elite Club World, Marina von Lison, Frank Deyle (right), Christian Cruz Riander, Scott Ifionayi, Christopher Peacock are also cited.
Here’s one example;
In connection with the offer of the securities described herein, Respondents Daniel von Lison, Marina von Lison and Elite Club World are intentionally failing to disclose any information about the partnership between Respondent Elite Club World and Zafao World and partnerships with other businesses controlled by Dirc Zahlmann, a respondent finally named in Order No. ENF-23-CDO-1879, such as Zahlmann Innovations, and this information constitutes material facts.
TSSB’s order establishes that
1. The investments in digital vaults issued by Respondent Auratus are securities as that term is defined in Section 4001.068 of the Securities Act.
2. Respondents are violating Section 4003.001 of the Securities Act by offering securities for sale in Texas at a time when the securities are not registered with or permitted by the Securities Commissioner.
3. Respondents are violating Section 4004.051 of the Securities Act by offering securities for sale in Texas without being registered pursuant to the provisions of Section 4004.051 of the Securities Act.
4. Respondents are engaging in fraud in connection with the offer for sale of securities.
5. Respondents are making offers containing statements that are materially misleading or otherwise likely to deceive the public.
6. Respondents’ conduct, acts, and practices threaten immediate and irreparable public harm.
And as a result;
It is therefore ORDERED that Respondents immediately CEASE AND DESIST from offering for sale any security in Texas until the security is registered with the Securities Commissioner or is offered for sale pursuant to an exemption from registration under the Texas Securities Act.
It is further ORDERED that Respondents immediately CEASE AND DESIST from acting as securities dealers, agents, investment advisers, or investment adviser representatives in Texas until they are registered with the Securities Commissioner or are acting pursuant to an exemption from registration under the Texas Securities Act.
It is further ORDERED that Respondents immediately CEASE AND DESIST from engaging in any fraud in connection with the offer for sale of any security in Texas.
It is further ORDERED that Respondents immediately CEASE AND DESIST from offering securities in Texas through an offer containing a statement that is materially misleading or otherwise likely to deceive the public.
As with the original GSPartners emergency cease and desist, the Billionico Respondents have 31 days to challenge TSSB’s April 22nd order.
As part of collected evidence, TSSB’s fraud order also goes into GSPartners committing securities fraud through its Swiss Value shell company.
Beginning in or around January 2024, GS Partners Clients were able to access their accounts by logging into swissvalue.info (the “Swiss Value Website”) using the same email addresses, same passwords and same two-factor authenticators previously used to access their accounts through the GS Partners Website and the GS Pro Website.
The Swiss Value Website was a “brand” of Brein Trust & Wealth Kommanditbolag (“Brein Trust”), a limited partnership organized on or about April 28, 2023, with Bolagsverket, the Swedish Companies Registration Office.
Respondent Deyle controlled Brein Trust as follows:
A. Respondent Deyle has been the sole limited partner of Brien Trust, and
B. Respondent Deyle has also been serving as the sole principal of Brein
International Management LTD (“Brein International”). Brien International is an entity organized in the United Kingdom with Companies House that has been serving as the general partner of Brein Trust.
Beginning in or around March 2024 or April 2024, the Swiss Value Website ceased representing the Swiss Value Website was a brand of Brein Trust. It began representing the Swiss Value Website was a brand of Swiss Value Liquidity Holding LTD (“Swiss Value Liquidity Holding”).
On April 27, 2023 – the same day Swiss Value Liquidity Holding was organized in the Marshall Islands – Respondent Primus Liquidity Holding was also organized in the Marshall Islands.
Respondent Primus Liquidity Holding was assigned Entity Number 119772 – the next sequential number following the Entity Number assigned to Swiss Value Liquidity Holding.
Respondent Primus Liquidity Holding purportedly owns Respondent Billionico, and it purportedly refers to Respondent Billionico as its brand.
TSSB also confirms GSPartners and Josip Heit have challenged the original November 2023 GSPartners emergency fraud cease and desist order.
Order No. ENF-23-CDO-1879 is being challenged by Josip Heit, GS Partners and other corporate respondents.
This is the first confirmation we’ve gotten regarding GSPartners, Heit and TSSB’s November 2023 order.
It’s expected a hearing will be scheduled at some point, giving Heit and GSPartners an opportunity to argue why securities fraud is legal in Texas.