GSPartners and proprietor Josip Heit have engaged a US legislation agency to intimidate a US based mostly YouTuber.
Chris Saunders runs the Grit, Grind, Gold YouTube channel.
On Grit, Grind, Gold you’ll discover a number of movies essential of GSPartners and its precursor Karatbars Worldwide:
In an try to silence Saunders, Heit and GSPartners, dba Gold Commonplace Banking Company, has engaged the US legislation agency Zuber Lawler.
Zuber Lawler despatched Saunders a stop and desist pertaining to statements made concerning Gold Commonplace Banking Company, Josip Heit, Michael Dalcoe and Tony De Gouveia.
For the sake of simplicity, and since he’s possible paying Zuber Lawler’s charges, I’m citing Heit as instigator of the discover.
Heit objects to a number of statements made by Saunders on Grit, Grind, Gold.
These embrace:
- that Karatbars Worldwide and GSPartners are materially the identical enterprise;
- that GSPartners is a Ponzi scheme; and
- that GSPartners and Josip Heit are engaged in “felony actions of ethical turpitude”.
Zuber Lawler keep Saunders’ statements made in reference to the above factors are defamatory.
To elucidate away Heit’s government involvement in Karatbars, particularly because the architect behind its failed transition to cryptocurrency fraud, Zuber Lawler asserts
GSB has no associates with Karatbars; it’s neither a mother or father nor subsidiary nor affiliate of Karatbars; and it wholly exists as a separate and impartial entity.
All of these statements are true. And so they additionally dodge the actual fact Heit created GSPartners as his personal Karatbars spinoff.
GSPartners’ G999 Ponzi token scheme was modeled straight on Karatbars’ Worldwide’s failed GSB Ponzi token scheme.
Regardless of Heit, as a Karatbars government, possible being on of the first beneficiaries of Karatbars’ failed crypto Ponzi scheme, and utilizing these ill-gotten beneficial properties to launch GSPartners, Zuber Lawler places forth that Gold Commonplace Banking Company is “a sufferer”.
Portray Gold Commonplace Banking Company and Heit as mere traders, Zuber Lawler claims;
GSB and Mr. Heit didn’t revenue from their relationship with Karatbars; they in reality misplaced thousands and thousands of {dollars} by their funding.
Transferring onto GSPartners being a Ponzi scheme, Zuber Lawler asserts it isn’t… as a result of legislation enforcement hasn’t caught up with Heit but.
GSB and its brokers and principals have by no means been charged with or convicted of any crime alleging a Ponzi scheme.
It’s because GSB is just not engaged in a Ponzi scheme.
This can be a variation of the “if it was unlawful, it could have been shut down” rip-off protection.
The argument is flawed as a result of it’s based mostly on the premise that felony exercise can’t exist till somebody is charged.
This creates a “hen or egg” paradox, whereby no person could be charged if no felony exercise happened.
One want solely have a look at each felony case ever filed to see felony exercise happened prior to anybody being held accountable. However felony exercise that takes place no matter anybody is ever held accountable.
To drive dwelling a degree, right here’s an instance of GSPartners’ funding scheme;
Be aware that since our preliminary evaluation, G999 has gone nowhere and so GSPartners has gone on to launch different token funding schemes.
As outlined through the Howey Check, an funding contract exists if there’s an
funding of cash in a typical enterprise with an affordable expectation of income to be derived from the efforts of others.
Right here we now have shoppers sending cash to GSPartners (a typical enterprise), solely on the expectation of “income derived from the efforts of others”.
When somebody cashes out their G999 tokens, they’re paid with subsequently invested funds. It’s a closed-loop move of cash with no exterior income supply.
Extra urgent, with respect to Zuber Lawler and Saunders being based mostly within the US, the existence of an funding contract constitutes a securities providing.
Neither GSPartners, Josip Heit or any of the shell firms connected to GSPartners are registered with the SEC.
Michael Dalcoe, who refers to himself as GSPartners’ CEO, is believed to be one in all GSPartners’ prime promoters.
He’s additionally a US citizen and resident, along with not being registered with the SEC.
Quite than tackle any of those info, which by definition can’t be defamatory, Zuber Lawler hides behind an undisclosed authorized opinion.
GSB retained an impartial legislation agency to conduct a complete inner investigation focusing on these costs.
This investigation study the inner mechanics of the group to find out if there was any proof of, amongst different issues, cash laundering, transaction laundering, BRAM/GBPP violations, licensing and SEC points, and improper contractual and gross sales practices.
The investigation concluded there was no wrong-doing, and will likely be used to display the falsity of your defamatory statements.
Zeek Rewards, TelexFree, OneCoin… it is not uncommon for MLM Ponzi scheme to cover behind paid authorized opinions.
Thus far not one has ever held up in court docket. They actually haven’t stopped the arrest of executives within the above named firms or subsequent felony trials.
I’ve offered proof of GSPartners’ securities fraud above. Any authorized opinion on the contrary willfully ignores this proof.
As a result of I do know somebody from Zuber Lawler goes to learn this, ship me this authorized opinion rubber-stamping GSPartners’ fraud and I’ll be comfortable to dissect it.
Addressing the third level is trivial. Working a Ponzi scheme is illegitimate.
By means of having no retail providing, GSPartners additionally operates as a pyramid scheme.
Anybody working Ponzi and pyramid schemes is by definition “engaged in felony actions of ethical turpitude”.
Zuber Lawler closes by declaring Saunders’ statements are defamatory.
The legislation agency threatens to take authorized motion in opposition to Saunders if he doesn’t take away Grit, Grind, Gold movies and comply with stop and desist additional commentary.
If the foregoing written assurances are usually not well timed offered, a criticism in opposition to you’ll be filed in a Virginia court docket in search of an injunction, damages (together with punitive damages), and different applicable aid.
In response to the stop and desist, Saunders printed a video titled “Grit Grind Gold’s Response to Josip Heit’s lawyer” on November nineteenth.
Within the video Saunders’ states;
[9:06] Josip Heit has accused me of being part of a criminal offense syndicate, a felony group … that is unfaithful.
[9:42] Not simply myself however my colleagues and mates, so far as CryptTalk Nation (goes), is looking us a part of a criminal offense syndicate.
That’s defamation of character.
So right here’s my reply to you;
You’ve gotten ten days to make a public apology, admitting that you just had been mistaken and that you just had been giving misinformation.
Not solely do you need to do this, you need to pull the G999 (scheme) down fully.
Your G999 is lifeless, since you lied about me, about CryptTalk Nation, in regards to the crime syndicate.
And when you don’t wanna do this, that’s superb. I’ll take you to court docket for defamation.
Did you actually assume I used to be going to again down from a struggle?
Whether or not GSPartners, Josip Heit and his cronies make good on their risk of authorized motion stays to be seen.
At time of publication Alexa estimates reveal a continued decline in visitors to GSPartners’ web site:
The US is cited as the highest supply of visitors (29%), adopted by South Africa (28%) and India (12%).
Whether or not US authorities have an open investigation into GSPartners, Josip Heit and/or Michael Dalcoe is unclear.
