The service provider offering GSPartners with debit card monetary providers has severed ties.
In an e-mail despatched out earlier as we speak, Membership Swan and Nvayo Restricted suggested GSPartners associates;
We’d like to tell you that Nvayo/CoinX (as an e-money issuer) and Membership Swan (because the crypto wallets and concierge providers supplier) is now not offering monetary or different providers to GS Companions and GSB – (dba GSlifestye and affiliated entities), with speedy impact.
GSLifestyle was a debit card hooked up to GSPartners’ cryptocurrency backend.
In different phrases, up till as we speak, Membership Swan and Nvayo Restricted assisted GSPartners with laundering funds obtained via securities fraud.
To that finish, no clarification for Nvayo Restricted and Membership Swan severing ties with GSPartners is supplied.
On its web site Membership Swan pitches itself as a
membership, concierge and life-style providers and cryptocurrency merchandise supplied via AU Card, LLC.
Membership Swan Pay as you go Accounts issued to people in the US of America are supplied and issued by CoinX Inc., a Cash Service Enterprise regulated and registered by FinCEN and by over 44 states checklist right here.
Membership Swan Pay as you go Account entry playing cards are issued by CoinX.
Membership Swan advises that Defunct GSLifestyle branded debit playing cards will proceed to work, however will fall beneath Membership Swan’s personal branding.
So far as I can inform, AU Card, CoinX and Nvayo Restricted are all owned and operated by Chris Scanlon.
Nvayo Restricted can also be the monetary providers supplier behind PlatinWorld’s PLC Ultima Ponzi debit card.
Chris Scanlon (proper) is believed to be a resident of Utah within the US.
If Membership Swan and Scanlon are conscious of a US regulatory investigation into GSPartners, or are beneath investigation themselves, this hasn’t been disclosed to their purchasers.
As of August 2022, SimilarWeb tracks the US as the biggest supply of site visitors to GSPartners’ web site (39%).
At time of publication the GSLifestyle standalone web site was inaccessible. GSPartners has not publicly addressed dropping its GSLifestyle monetary companions.
Fairly than be sincere about dropping their GSLifestyle monetary supplier, GSPartners as an alternative advised associates the service was “beneath improve”:
The above announcement appeared in GSPartners affiliate backoffices on September thirteenth.
