GSpartners has terminated an investor’s account after he publicly mentioned withdrawal delays.
GSPartners then threatened the investor with authorized motion if public discourse surrounding the delays wasn’t taken down.
US resident Vaughan Morrill runs the YouTube channel “Limitless Freedom”. By Limitless Freedom, Morrill promotes varied fraudulent funding alternatives.
A type of alternatives is GSPartners, a Dubai-based funding scheme run by Josip Heit.
On September tenth, 2023, Morrill uploaded a video to Limitless Freedom titled, “DELAYS at GSPARTNERS! Is that this the BEGINNING OF THE END? You heard it HERE FIRST!”
Within the 9 and a half minute video, Morrill mentioned GSPartners withdrawal delays.
[0:04] That is going to be a GSPartners replace. Need to get into a few issues which have been taking place over the weekend with GSPartners, beginning on Thursday and Friday.
On Thursday and Friday we had been getting a message up right here on high that mentioned;
“GSPartners was experiencing delays in deposits and withdrawals for USDT ERC20.”
[0:44] Now, right here it’s Sunday evening and so they have one other banner, saying “We’re experiencing delays in deposits and withdrawals for TRX/TRC20 transactions due to node replace.”
Morrill didn’t consider the ruse and claimed it “smelled like bullcrap”.
[1:05] That smells like when my canine makes a mistake, proper? It smells like any person made a mistake proper there on my mattress, proper? And I woke as much as *sniffs*, “Ugh, what’s that odor?”
GSPartners has been going for 2 years. And whereas this can be a short lived delay, what have we seen on this house guys? What can we all the time see on this house? What occurs?
Delays. Gradual pay, proper? And gradual pay normally turns into no pay.
Morrill went on to say he’d “deposited a big sum of cash” on the earlier Friday, which as of Sunday had “not proven up” in his GSPartners backoffice.
[2:41] Now I wrote a assist ticket to GSPartners and naturally I used to be ignored … I’ve been going up the chain of command.
[3:14] Now I’ve gone up two uplines, proper? And I’ve been blocked, proper? I’ve been blocked by a feminine consultant of GSPartners.
Why was I blocked? As a result of I requested for help, proper? I requested for assist with this. Increase, blocked.
[4:09] However now, now I see this message. Oh-kay. The workforce is working to cut back the delay as quickly as potential, proper? We’re experiencing delays in deposits and withdrawals for TRX/TRC20 transactions due to node replace.
Oh certain, the node replace. After all. Hey guys, it’s a node replace. Hey guys, these node updates that we now have? Nicely yeah we’re having one, and it’s delaying your withdrawals. And it’s delaying your deposits.
Clearly not shopping for it, Morrill went on to declare “this might be the start of the tip of GSPartners”.
[5:14] This might be the start of the collapse of GSPartners. It’s been occurring for 2 plus years, this might be it guys.
They’ve weathered a whole lot of storms, they’ve gotten via a whole lot of various things, however we all know that bullcrap malarkey like it is a bunch of bullcrap. We all know that, it’s a bunch of bullcrap. We all know.
Gradual pay normally turns into no pay.
Hypothesizing on what may occur when GSPartners collapses, Morrill said;
[8:36] Now GSPartners is run by some slick folks, proper? So that they’re not going to… I don’t assume they’re gonna totally exit.
I feel they’ll rebrand. They’ll give you a load of excuses, proper?
The purpose is GSPartners as we all know it, it might be that at present is the day that GSPartners’ coronary heart stopped beating.
Later that very same day Morrill uploaded a comply with up video titled, “GS PARTNERS GAME OVER??? Replace Half 2!!! GSP Got here via… however for HOW LONG??? (Orange Tablet)“.
[2:12] This morning I obtained up and I had acquired a message from assist, that that they had acquired my assist ticket and glued my difficulty.
So I logged into GSPartners and lo and behold the USDT that I had despatched over Friday morning, has come via and is now displaying in my GSPartners backoffice.
[3:54] So, is the crimson flag over, is the warning over? No.
I deposited the cash Friday morning. Then my assist ticket was ignored till I went to this point up the chain of command.
Bear in mind the girl who blocked me? Nicely I obtained again with the individual underneath her and I mentioned, “Hey, she blocked me.”
After which he went to her and she or he unblocked me, proper? And eventually mentioned, “OK, what would you like?” Proper? And I instructed her.
And he or she should have obtained to any person and mentioned, “Hey, let’s get this man’s… let’s get this man’s drawback resolved.”
It shouldn’t take a lot work to get a easy drawback resolved. I ought to have despatched the assist ticket, gotten the assist ticket again and gotten the issue resolved that very same day.
Laying out what his subsequent plan of action was, Morrill went on to state;
[5:59] I’m gonna attempt to withdraw my cash, proper? I’m not gonna be… I used to be gonna make investments extra into GSPartners however now I’m simply gonna attempt to get the cash out.
As a result of delays are a crimson flag. Gradual pay normally turns to no pay. We all know that on this house.
[6:30] For me, for proper now? I’m taking that cash again out.
I would put it in again later, proper? In the event that they determine this… no matter difficulty they’re having with the node proper? After all, the node, proper? Give me a break.
No matter difficulty they’re having, in the event that they get it mounted then I’ll most likely put my deposit again in. However proper now I’m gonna try to get that crypto.
(I’ve) obtained to. It could be silly to not attempt to get it again at this level.
Issues appears to have resolved themselves by September 14th, prompting Morrill to place out a GSPartners advertising video.
Morrill’s subsequent GSPartners replace got here earlier at present, in an “emergency” stream discussing InvesableAI’s collapse.
[18:24] I have already got one other firm threatening authorized motion in opposition to me, as a result of I mentioned one thing… I made a warning on a YouTube video, proper?
GSPartners, they began messing up with their ERC20 and TRC20 deposits and withdrawals. And I made a warning video to say, “Hey, it is a unhealthy signal, proper? It is a unhealthy signal that they’re having this difficulty”.
[18:54] I mentioned personally it’s a foul signal and I’m not going to be doing any extra investing for the second, till they get no matter mounted.
Now I mentioned that and my account was terminated.
So that they terminated my account, my GSPartners account, and they threatened authorized motion if I don’t take the video down. They mentioned they’re going to sue me.
[20:32] I talked to among the increased ups and that doesn’t work, as a result of the upper ups are… and that is GSPartners guys, the upper ups are, they’re Jim Jones Kool-Support.
They’re completely, completely blind allegiance, hypnotized cult members. Who would most likely soar off a bridge if GSPartners instructed them to. Proper? Scary stuff. Scary stuff.
[37:55] They’re probably most likely gonna steal my cash. In the event that they do give it again I’ll allow you to guys know however probably they’re not going to.
GSPartners solicits funding via a “certificates” scheme. Traders, primarily from the US and Canada, are pitched on passive returns of as much as 5% per week.
GSPartners isn’t registered to supply securities in any jurisdiction, prompting a number of securities fraud warnings from Alberta (GSPartners, G999, GSTrade), Quebec, British Columbia, Saskatchewan and Ontario,
The SEC warns customers that securities fraud and Ponzi schemes go hand-in-hand.
Any funding in securities within the Usa stays topic to the jurisdiction of the SEC.
We’re involved that the rising use of digital currencies within the world market might entice fraudsters to lure traders into Ponzi and different schemes.
Ponzi schemes usually contain investments that haven’t been registered with the SEC or with state securities regulators.
US authorities have but to take any public motion however GSPartners is assumed to be underneath investigation within the US.
Thus far neither GSPartners or its executives have addressed GSPartners committing securities fraud, or the regulatory fraud warnings out of Canada.
