GSPartner’s G999 Ponzi coin has acquired a securities fraud warning from Alberta, Canada.
On or round March fifteenth, the Alberta Securities Fee added G999 to its Funding Warning Checklist.
The ASC advises;
To assist inform and defend traders, the ASC offers an inventory of corporations and people that aren’t registered with the ASC and that look like participating in actions that both require registration below Alberta securities legal guidelines or could also be funding scams.
Buyers are inspired to seek the advice of this record if they’re contemplating investing, particularly if they’re approached with an unsolicited funding alternative.
As of February 2023, SimilarWeb ranks Canada (11%) because the second largest supply of visitors to GSPartners’ web site behind the US (59%).
Neither GSTrade or GSPartners are registered to supply securities in Canada or the US.
The footer of G999’s stand-alone web site ties it to GSB Gold Normal Pay Ltd and GSB Gold Normal Pay KB; two shell corporations integrated in Kazakhstan and Sweden respectively.
G999 was created to facilitate GSPartners’ unique 2019 Ponzi scheme.
As per the CoinMarketCap chart above, G999 collapsed in early 2021. This has since prompted a number of iterations of GSPartners’ Ponzi scheme.
The present iteration is metaverse certificates, by means of which GSPartners guarantees affiliate traders a 300% ROI over 18 months (click on to enlarge):
GSPartners, G999, GSB Gold Normal Pay and GSB Gold Normal Pay KB are all owned by Josip Heit.
Initially from Croatia, Heit is believed to journey continuously between Germany and Dubai.
Heit launched GSPartners after Karatbars Worldwide’s KGC crypto Ponzi collapsed in mid 2019.
GSPartners’ initially represented metaverse certificates returns have been generated through foreign currency trading, purportedly executed by BDSwiss.
After BDSwiss publicly confirmed it had nothing to do with GSPartners, the ruse switched to newly created entity Skyground Group.
GSPartners solicits funding in tether (USDT), and created the GEUR token to pay metaverse certificates returns by means of. GEUR is nugatory exterior of GSPartners itself.
Launched in mid 2022, preliminary metaverse certificates investor contracts will expire in the direction of the top of 2023.
Along with G999, the Alberta Securities Fee has additionally added GSPartner’s GSTrade platform to its Funding Warning Checklist.