GSPartners’ marketing campaign to punish buyers who withdraw continues.
Lower than 24 hours after disabling weekly ROIs, GSPartners has applied a 50% withholding payment on all withdrawals.
GSPartner’s has named its newest ploy to screw over buyers the “Market Safety Technique” (MPS).
MPS kicks in when buyers attempt to convert a GSPartners monopoly cash shitcoin (of which there are lots of), to tether (USDT) for withdrawal.
As a substitute of paying out what’s owed. MPS sees GSPartners pay out solely 50% of the requested withdrawal. The opposite 50% is confiscated and withheld by GSPartners for 13 months.
GSPartners disabling ROI payouts and introducing a 50% withdrawal withholding payment, follows securities fraud warnings from a number of regulators in Canada.
These embrace Alberta (GSPartners, G999, GSTrade), Quebec, British Columbia, Saskatchewan and Ontario.
Nonetheless Canada stays GSPartners’ second largest supply of recent buyers. US residents make up GSPartners largest investor-base, prompting the chance of an ongoing SEC and/or DOJ investigation.
The SEC warns customers that securities fraud and Ponzi schemes go hand-in-hand.
Any funding in securities within the U.s. stays topic to the jurisdiction of the SEC.
We’re involved that the rising use of digital currencies within the international market might entice fraudsters to lure buyers into Ponzi and different schemes.
Ponzi schemes usually contain investments that haven’t been registered with the SEC or with state securities regulators.
Federal US authorities and regulators don’t difficulty public fraud warnings whereas investigations are lively.
In an try and dodge additional regulatory consideration after the Canadian warnings, GSPartners rebranded its web site to Swiss Valorem Financial institution in Could 2023. The corporate nonetheless goes by GSPartners in its advertising and marketing.
Trying ahead GSPartners’ first spherical of metaverse certificates, providing 180% over 18 months, are set to run out in direction of the tip of 2023. The following certificates tier, providing 215% over 24 months, will expire in direction of mid 2024.
In an try and preserve buyers reinvesting as an alternative of withdrawing, GSPartners has repeatedly added new and better certificates tiers.
The present “Success Sequence” batch had been launched in October 2023 (click on to enlarge):
By means of Success Sequence certificates GSPartners associates make investments 150 to 100,000 USDT, on the promise of as much as 17,612 to 1.76 million USDT in passive returns (topic to additional weekly ROI disablings and the brand new 50% withdrawal withholding payment).
It’s anticipated GSPartners will proceed to implement restrictions as ongoing ROI liabilities spiral additional uncontrolled.
GSPartners who publicly complain about getting scammed are threatened with account termination.
