GSPartners is claiming a 66% discount in victims signing as much as lose cash.

In a determined try and discover a scapegoat, GSPartners has sued a South African YouTube channel.

Plaintiffs GSPartners and proprietor Josep Heit filed go well with within the Excessive Courtroom of South Africa on Might 18th.

They’re joined by South African GSPartner promoters Tony De Gouveia, Bruce Hughes, Andrew Eaton and Brendon Earp-Jones.

Tony De Gouveia (proper) is a resident of Johannesburg, South Africa.

De Gouveia is a serial Ponzi promoter. Earlier than GSPartners De Gouveia was shilling Karatbars Worldwide, Way of life Galaxy, Ability Dragon and Dragon Mining.

Bruce Hughes is a resident of Durban, South Africa. He’s a former Karatbars Ponzi promoter.

Like De Gouveia, Andrew Eaton (proper) got here up scamming individuals via Good Media Applied sciences (Way of life Galaxy).

Brendon Earp-Jones is one other South African Way of life Galaxy alumni. He’s additionally a former Karatbars Ponzi promoter.

Bruce Hughes, Andrew Eaton and Brendon Earp-Jones promote GSPartners collectively via “GSB GiHugeness”:

I did discover point out of De Gouveia in connection to GSB GiHugeness however nothing concrete.

Named defendants in GSPartners’ lawsuit are Louis Nel, Francois Harris and Gert Christoffel Grobler (aka Gareth Grobler).

Collectively the defendants function in GSPartners associated movies on the “G-Crypto” YouTube channel.

GSPartners alleges commentary geared toward GSPartners and the plaintiffs is defamatory.

Particularly, GSPartners object to the content material of seven G-Crypto YouTube movies;

The GSPartners plaintiffs object to language used within the movies.

I’ve offered a pattern record from the lawsuit protecting one of many movies on the appropriate.

Conclusions drawn from the movies, which the GSPartners defendants once more object to, are that (quoted verbatim);

• they’re dishonest
• they conduct and promote the enterprise and merchandise of GSPartners as a rip-off
• Josip Heit, the Chairman of GSP, is a felony and a private of low ethical fibre and conducts a rip-off enterprise
• Tony De Gouveia is a “pyramid advertising and marketing guru”, conveying that De Gouveia is a felony and an individual who makes use of unlawful means to market GSPartners and as such is a dishonest and unethical one that employs unethical and felony apply in his enterprise dealings with the worldwide group
• they’re individuals who make use of enterprise strategies and use enterprise strategies utilized by “serpent wax salesman”
• the plaintiffs and the enterprise of GSB is designed to deceive individuals
• the plaintiffs are merchants and lies and a false enterprise
• (GSPartners) is a rip-off carried out by dishonest individuals
• (GSPartners) is a dishonest enterprise
• they prey on the weak and mislead them
• (GSPartners) is carried out and premised on illegal ideas and practices
• (GSPartners) is unlawful and premised on felony practices, i.e. it’s a Ponzi and/or pyramid scheme
• (GSPartners) is carried out in contravention of statutory and regulatory legal guidelines and prohibitions

The GSPartners plaintiffs declare, citing 17,235 G-Crypt video views, that

on common 35,000 new members joined (GSPartners) every month since December 2020.

Nevertheless, since publication of the YouTube movies, the brand new month-to-month membership has diminished by 66% for the months of February, March and April 2021.

GSPartners claims that every new sufferer recruited into the Ponzi scheme generates, on common, $250.

$250 is multiplied by hypothetically misplaced GSPartners affiliate traders between February to April 2021, totaling a month-to-month lack of $5.77 million.

• Tony De Gouveia claims he was incomes $81,399 a month, which dropped to $40,077 from February 2021
• Bruce Hughes claims he was incomes $16,547 a month, which dropped to $8027 from February 2021
• Andrew Eaton claims he was incomes $31,306 a month, which dropped to $17,969 from February 2021
• Brendon Earp-Jones claims he was incomes $10,979 a month, which dropped to $9129

That these disclosed incomes are a direct results of recruiting individuals right into a Ponzi scheme, doesn’t appear to faze GSPartners or its promoters.

In mild of their Ponzi earnings disappearing;

• GSPartners has made two claims, R25 million ($1.74 million) and $17.32 million
• Josip Heit is claiming R25 million ($1.74 million)
• Tony De Gouveia has made two claims, R25 million ($1.74 million) and $123,966
• Bruce Hughes has made two claims, R25 million ($1.74 million) and $25,560
• Andrew Eaton has made two claims, R25 million ($1.74 million) and $40,011
• Brendon Earp-Jones has made two claims, R25 million ($1.74 million) and $5550

The GSPartners plaintiffs are additionally searching for an injunction, elimination of the allegedly offending YouTube movies and a public apology video.

The irony is that, in mild of GSPartners being a Ponzi scheme, the above objected to statements are factually correct.

The lengthy and the in need of it’s Josip Heit was behind Karatbars Worldwide’s transition from gold pyramid scheme to crypto shitcoin Ponzi.

After scamming a bunch of individuals via a pump and dump launch, Heit break up from Karatbars and went off to launch his personal MLM crypto Ponzi scheme.

GSPartners is identical shitcoin Ponzi enterprise mannequin. The one distinction is as a substitute of Karatbars’ V999 token, GSPartners solicits funding into its personal G999 token.

Oh and Heit doesn’t should share what’s stolen with Karatbars proprietor Harald Seiz anymore. He’s working the present.

Regardless of providing a passive funding alternative (spend money on G999, quantity go up and withdraw beforehand invested funds), GSPartners isn’t registered to supply securities in any jurisdiction.

Particularly Germany, the place GSPartners is operated from, and the lawsuit jurisdiction, South Africa.

Karatbars Worldwide copped a securities fraud warning from South Africa in November 2019.

The blunt reality is GSPartners isn’t large enough to draw the identical regulatory consideration (be aware that Karatbars is nowhere close to as huge because it was in 2019 both).

Whereas consciousness of Ponzi schemes actually could be attributed to their decline, singling out a random South African YouTube channel as the foundation explanation for your rip-off’s demise is ridiculous.

Not in that the channel’s movies didn’t have an effect on what you are promoting, however moderately you might be working and selling a Ponzi scheme that can inevitably collapse anyway.

On the time of publication Alexa ranks prime sources of visitors to GSPartners because the US (58%), South Africa (15%) and India (4%).

Site visitors to GSPartners’ web site started tanking in late March. The majority of objected to G-Crypto movies have been revealed nicely earlier than this era.

Along with suing YouTubers, GSPartners’ newest ploy to maintain their Ponzi scheme alive is JONE.

Like G999 (at present buying and selling at $0.006), JONE is one other speculative shitcoin that can go nowhere.

That’s if it even launches. GSPartners’ JONE Ponzi ruse is investing in J ONE Tower flooring area.

J ONE is an Dubai house tower constructed by RKM Durar Properties.

Since GSPartners started selling JSONE token earlier this month, RKM Durar Properties has claimed they don’t have any data of GSPartners or Josip Heit.

A timer on GSPartners’ web site remains to be counting all the way down to JONE token’s launch in 5 days.

The GSPartners Plaintiffs are represented by the legislation agency Otto Krause Attorneys.

The defendants are being represented by ENS Africa, who declare to be “Africa’s largest legislation agency”.

I’ve been knowledgeable the defendants intend to defend the go well with. We’ll preserve you knowledgeable of any additional updates.