The Ponzi fraud rapidly put together a follow-up in Dubai after owner Josip Heit failed to show up at GSPartner’s Atlanta, Georgia event.   

Eric Worre, a well-known MLM industry personality, will be speaking at the event. He wasn’t the only one who shouldn’t have been there, it turns out.   

Floyd Mayweather only appeared in GSPartners’ promotional material.   

Mayweather has reportedly signed on as a “Brand Ambassador” for GSPartners. Let’s look at why this is an issue for Americans.   

The GSPartners event in Dubai wasn’t simply an opportunity for Josip Heit to pose for photos with celebrities; the Ponzi scam also unveiled a range of fresh investment options. 

“Metaverse certificates” are at the heart of GSPartners’ new Ponzi scheme (click to enlarge).   

Investment positions in UDST certificates start at 49 tethers (UDST) and go up to 700,000 USDT. 

For a fee of 49 USDT, you can invest up to 500 USDT and receive a 180 percent annual return for 18 months.  

Rigil Kentaurus—for 149 USDT, you can invest up to 2000 USDT and receive a 215 percent annual return for 24 months.  

Mercury-invest up to 10,000 USDT for a 30 month annual 225 percent ROI after paying a 399 USDT charge.   

Venus – After paying an 899 USDT fee, invest up to 25,000 USDT for a 36-month annual ROI of 280 percent.  

Earth—pay a fee of 1500 USDT and then invest up to 50,000 USDT for a 320 percent return in 48 months.  

Mars – After paying a 2500 USDT fee, invest up to 75,000 USDT for a 54-month yearly 360 percent ROI.  

Jupiter After paying a 5000 USDT fee, you can invest up to 200,000 USDT for a 60-month annual ROI of 390 percent.  

Saturn – pay a 10,000 USDT fee and then invest up to 350,000 USDT for a 420 percent annual return in 66 months.  

Invest up to 500,000 USDT for a 72-month annual return of 440 percent.  

Neptune—by paying a 50,000 USDT fee, you can invest up to 700,000 USDT and earn a 480 percent annual return for 78 months. In addition, GSPartners formed a collaboration with BDSwiss, through which it offers daily returns.   

If a GSPartners affiliate maintains a third of the maximum investment amount at any given tier for eighteen months (e.g., for Proxima Centauri, 1/3 of 500 USDT = 166 USDT), a 300 percent additional ROI on the certificate fee paid is also paid out.  

BDSwiss claims to provide “Forex and CFD investing services to more than a million clients globally” on their website.   

Despite the fact that the United States accounts for the majority of visits to GSPartners’ website and the third most to BDSwiss’ website, BDSwiss is not registered with the Securities and Exchange Commission.    Then there’s Floyd Mayweather.   

Floyd Mayweather’s social media pages contain no reference to GSPartners. There’s a valid explanation for this, which we’ll discuss later.   

Josip Heit received an appearance at the Dubai event (with a grand entrance photo-op), supper with Floyd, a “live interview” (which I haven’t seen anywhere), and Mayweather wearing a Lydian World t-shirt at a boxing tournament he was also in Dubai for.   

What difference does it make?   

Floyd Mayweather was sued by the Securities and Exchange Commission (SEC) in November 2018 for failing to report payments from three cryptocurrency companies.   

Mayweather failed to disclose promotional payments from three ICO issuers, including $100,000 from Centra Tech Inc., according to the SEC’s orders.   

According to the SEC order, Mayweather failed to disclose that he was paid $200,000 to promote the other two ICOs.  In April, the SEC filed a lawsuit against Centra Tech, alleging that the business had violated the securities laws. 

Last year, hundreds of investors contributed more than $32 million to a bogus initial coin offering (ICO). According to the SEC’s complaint, Centra Tech, Inc. co-founders Sohrab “Sam” Sharma and Robert Farkas orchestrated a fraudulent ICO in which Centra promoted and sold unregistered assets through a “CTR Token.”   

The DOJ also brought criminal charges against Centra Tech’s co-founders in a separate case.   

The SEC’s complaint was not challenged by Mayweather. Instead, he agreed to pay $300,000 in disgorgement and another $300,000 in fines, plus $14,775 in prejudgment interest.   

Mayweather is once again fronting a bogus investment scheme, but this time from his team, which is likely due to his past SEC run-in.   

GSPartners and their promoters, the majority of whom are based in the United States, have no qualms about using Floyd Mayweather to advertise their cryptocurrency Ponzi scheme.   

Investors should be wary of investing advice provided on social media platforms, and they should not make decisions based on celebrity endorsements, “Enforcement Division Co-Director Steven Peikin warned.”   

“Social media influencers are frequently paid advocates rather than investing professionals, and the securities they’re touting could be fraudulent, regardless of whether they’re issued using traditional certificates or on the blockchain.” 

Josip Heit’s MLM crypto investment scheme started with Karatbars International.   

Heit went on to start GSPartners after KaratGold Coin failed. Heit botched a succession of failed projects in Dubai after GSPartners’ G999 Ponzi scam ran dry (what happened to JOne Tower rentals?).   

Lydian World and the present Metaverse Certificate Ponzi scheme, which is run through the LYS token, are the result of this.   

GSPartners’ public trading value is being manipulated by GSPartners, although the token has been abandoned elsewhere.   

Floyd Mayweather, like Eric Worre, should know better.   

According to SimilarWeb (57 percent), the United States was the main source of traffic to GSPartners’ website at the time of publishing. Lydian World’s website has a similar scenario, with 62 percent of visitors coming from the United States.   

The SEC has not registered GSpartners, Lydian World, or owner Josip Heit.

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