G999 and LYS Ponzi crap coins from GSPartner are crashing.
GSPartners created GEUR in an attempt to provide the impression that affiliates haven’t largely lost money.
G999 is the initial Ponzi coin created by GSPartners. Because of many reasons, gullible investors were led to think that if they purchased G999 investment packages through GSPartners, they would become billionaires.
Here’s how things are going:
As it became clear that G999 was a Ponzi shitcoin with no future, GSPartners tried to establish new shitcoins. Following some turbulence with thwarted Dubai property frauds, GSPartners landed on Lydian World, an NFT swindle.
Lydian World is linked to the LYS and XLT tokens, but the latter is hardly mentioned these days.
Anyway, here’s what’s going on in Lydian World:
GSPartners devised a “metaverse certificates” scam once it became evident that no one was interested in a Ponzi cash grab NFT “game.”
GSPartners’ metaverse certificates system, predictably, has nothing to do with the metaverse.
The metaverse certificates scam is a straightforward Ponzi scheme in which GSPartners affiliates pay a fee and then invest up to 700,000 USDT on the promise of a 480% yearly ROI (click to enlarge):
Here’s how US-based CEO Michael Dalcoe characterized GSPartners’ metaverse certificates at a recent webinar for US investors:
We deposit our money on the blockchain, and our trading partner trades it for us, growing it at a rate of 72% per year or higher.
No, I didn’t stammer. Around 72% every year, and maybe higher. I can’t even give you accurate figures. This implies that your money will double every year.
And, in reality, your money doubles every six or seven months.
Returns on Metaverse certificates are paid in USDT but are not withdrawable.
Instead, GSPartners affiliates must invest the USDT in LYS token mining in order to pay out in LYS.
Here’s the issue:
GSPartners has established GEUR in response to the Ponzi scam unraveling.
Outside of GSPartners, GEUR does not exist and is depicted as having parity with the euro.
If a GSPartners affiliate cashes out their metaverse certificate ROI in GEUR, they must then convert the GEUR to USDT via the GSPartners backoffice.
A maximum of 5000 GEUR can be paid out in a single transaction, with GSPartners taking a 2.5% share on all transactions.
Steven London Morris, one of Dalcoe’s downline in California, hosted the GSPartners GEUR webinar.
If you’re wondering how GSPartners is funding withdrawals and why now, go no further than the company’s most current website statistics:
Over the last year, GSPartners has been actively seeking US investors. Those investors want to cash out, and GSPartners has had no choice but to watch LYS fall and its attempts to wash trade pump G999 fail.
According to the SimilarWeb statistics, GSPartners has extended to Cuba, South Africa (this is a revival after GSPartners previously failed in SA), and Switzerland.
This fresh round of funding coincides with the debut of GSPartners’ metaverse certificates investment plan.
The data above also shows that total visits to GSPartners’ website haven’t changed significantly. It’s at a standstill.
GSPartners is just kicking exponentially expanding ROI obligations down the road, pending a major surge in recruitment of new soon-to-be victims.
It’s one thing to entrap people’s money in a never-ending chain of garbage tokens. You’ve just created a financial black hole that will drain invested funds if you represent something that is tied to real money and allow investors to cash out that actual money.
It should be emphasized that, contrary to marketing claims, GEUR is not tied to the euro – it is pegged to how much invested USDT GSPartners is prepared to play out.
Michael Dalcoe, of course, is aware of this and, on behalf of GSPartners corporate, discourages withdrawals by alleging that they are only done by “poor and middle-class individuals.”
It remains to be seen how GSPartners’ impending USDT crisis shows itself, but expect GEUR withdrawal issues over the next 6 to 9 months.
GSPartners, owner Josip Heit, Michael Dalcoe, and Steven London Morris are not registered with the SEC, which is a violation of US securities law.
BDSwiss is said to collect external money to pay for metaverse certificates through FX trading.
Neither GSPartners nor BDSwiss are registered with the CFTC, which is a violation of the Commodities Exchange Act.
GSPartners and its promoters are not registered in any nation to offer securities.