Swiss Velorem Bank Ponzi Scheme Fraud Allegations Fact-checked (2024)

Originally Syndicated on June 15, 2024 @ 5:24 am

Swiss Valorem Bank opened for business in mid-May. GSPartners will rebrand under the company’s name. GSPartners is run and owned by Josip Heit. 

Heit is believed to be from Croatia, while her passport is believed to be from Germany.

GSPartners was founded in 2021 following the revelation of the KBC bitcoin Ponzi scheme by Karatbars International.

Harold Seiz was the proprietor and manager of Karatbars International. In the years that followed, Seiz worked with Heit and his Gold Standard Bank. 

Heit’s connection to Seiz finally made the mid-2019 Karatbars International introduction of KaratGold Coin (KBC) feasible.

In the few days following the disastrous launch, KBC saw a 62% decline.

Seiz and Heit remained quiet for the majority of 2019 and 2020, hoarding money they had taken from investors.

Early in the 2020s, coinciding with the release of “Gold Standard,” a new token reboot was unveiled. This time, G999 was involved.

Josip Heit and Harald Seiz had a falling out when the Gold Standard was implemented. As a result, Heit ultimately decided to depart from Karatbars International, and he established GSPartners in late 2020.

When GSPartners first launched, it was a simple multilevel marketing cryptocurrency investment scheme based around the G999 token the same token that Karatbars had previously released earlier in 2020.

G999 had no purpose at all within GSPartners. The token was discharged onto open markets in February 2021.

Given how rapidly early GSPartners investors cashed out, the Ponzi currency dump was inevitable. G999 never got any better. 

Since GSPartners’ original G999 investment strategy, Heit has introduced several failed iterations: Real estate and the Lydian World metaverse heist: XLT – JONE token replacement (July 2021) and J One, a failed real estate enterprise in Dubai centered on the ephemeral JONE cryptocurrency (June 2021).

Lydian Lions vs. NFT Grift (January 2022).

The Lydian Lions NFT scam was created at the same time as the LYS token, which is now trading at $3.23. The token was falsely inflated to $1800 in early 2022.

GSPartners launched the current “metaverse certificates” investment scheme in May 2022. This took place concurrently with the introduction of GEUR, another token.

GEUR is only available within GSPartners and is not publicly traded, although being able to be swapped for euros 1:1.

Over the following 12 months, GSPartners received regulatory fraud warnings from several jurisdictions:

In June 2022, the Central Bank of Comoros issued a scam alert, GSB Gold Standard Bank LTD.

The Alberta Securities Commission in Canada released securities fraud notices for G999 and GSTrade in March 2023.

The Autorite des Marches Financiers, a company situated in Quebec, Canada, sent out a securities fraud alert for GSPartners in March 2023.

The owner of GSPartners’ previous financial services provider was arrested in May 2023.

The Alberta Securities Commission released a securities scam alert on GSPartners in May of 2023.

As government fraud alerts began to accumulate in mid-May 2023, GSPartners rebranded themselves as Swiss Valorem Bank.

Securities fraud notifications for Swiss Valorem Bank and GSPartners have been sent out in British Columbia and Saskatchewan after their rebranding.

GSPartners has released two more versions of the metaverse certificates since their launch in mid-2022. The third, “elemental certificates,” was unveiled along with Swiss Valorem Bank’s makeover.

Along with Josip Heit, the following individuals are included on Swiss Valorem Bank’s list of insiders: 

• CEO advisory for Skyground and GSBDSwiss member Alex Oelfke; CEO of VII Real Estate and SwissValue, Hessan Memarpuri.
• Roger Hassanov, advisor and chairman of the Swede Shield SwissValue.
• Dirc Zahlmann is a marketing consultant and the head of M&A at GSB.
• Group CTO and creator of Lydian World, Alex Cocindau.
• Frank Deyle, SwissValorem Marketing Advisor and member of SwissBenesse
• Dennis Uitz: CEO of Trading Academy Dennis Uitz.
• Aline Lima is the GSBDSwiss advisory member and relationship manager for Partners.
• Bruce Hughes is GSB’s corporate trainer.

Account Manager Andreas Evripidou works with Banking Partners Swiss Valorem.

It should be noted that Josip Heit relocated from Germany to Dubai not long after GSPartners was founded. Despite having ties to the German front company GSB Gold Standard Corporation AG, GSPartners is run out of Dubai. This isn’t a coincidence. Dubai is the MLM crime capital of the globe.

The following additional shell corporations are also listed on the Swiss Valorem Bank website:

Swiss Valorem Bank LTD, IBBP Pay Services LTD, and CoinX24 AG are all based in Kazakhstan.

GSB Gold Standard Bank LTD, a phony Mwali front firm.

The guidelines that BehindMLM has established for Dubai concerning Swiss Valorem Bank’s If a resident of Dubai contacts you regarding an MLM opportunity, you are being duped.

If an MLM company says it is situated in Dubai or has contacts there, it is a scam. 

Products of Swiss Valorem Bank

Swiss Valorem Bank does not provide retailable products or services.

Affiliates may only advertise the Swiss Valorem Bank associate membership itself. 

Compensation Plan of Swiss Valorem Bank

Affiliates of Swiss Valorem Bank make investments in what the firm defines as “elemental certificates” using tether (USDT).

• Terra USDT 100
• 250 USDT for light
• Water costs $1000T
• 2500 USDT Wind
• 5000 USD for nature
• 10,000 USD for fire
• 25,000 USD for the heart
• 50,000 USD for space
• 100,000 USDT for Prana

With six thematic tiers to pick from, this is done based on a passive return:

• Fintech: 5% weekly for 52 weeks, plus a bonus of $3500 USD
• 2.5% per week for 52 weeks on meta portfolio, plus a bonus of 2000 USDT at the end of the 52-week period. 3.5% per week for 52 weeks on real estate, plus a bonus of 3000 USD.
• renewables: 4% a week for 52 weeks, plus a bonus of $4,000 USDT at the conclusion of that time.
• supplements: 5% weekly for 52 weeks, with a bonus of $4,000 USDT at the end of the 52-week period (reinvestment is necessary every three months).
• Gaming: 4% weekly for 52 weeks, plus a bonus of $4,000 USDT at the end of the 52-week period (reinvestment is necessary every three months).

Pay attention to the fact that returns are distributed in GEUR, a token that has no value outside of the Swiss Valorem Bank.

Swiss Valorem Bank speaks for The euro and GEUR are linked. The Swiss Valorem Bank back office allows for conversion into genuine cryptocurrencies.

Swiss Valorem Bank affiliates can add to their initial investments by putting more money into any of the six available investment tiers:

• FinTech: 1.5% per month for 24 months on additional investment
• Every three months for 18 months, the meta portfolio pays a variable return.
• Real estate – a monthly interest payment of 1.5% for 36 months on further investment
• Renewables: a 30-month payment of 1.5 percent per month on further investment there doesn’t seem to be any further ROI for supplements.
• Gambling – there doesn’t seem to be any further ROI

The cost of a certificate looks to be the maximum amount of additional investment.

For instance, a water certificate has six tiers, each of which costs USD 1,000 (a maximum of $6,000 USDT). This indicates that an extra investment of 1000 USDT is permitted at each stage.

When affiliate investors are recruited, Swiss Valorem Bank’s MLM division pays commissions.

Affiliate Ranks for Swiss Valorem Bank

The pay structure of Swiss Valorem Bank consists of eleven affiliate grades. They are as follows, along with the requirements that apply to each:

• Affiliate: Become a Swiss Valorem Bank affiliate and invest.
• To become a director, you must find three affiliates and bring in 9999 USDT in downline investment volume (with a maximum of 3999.6 USDT from each recruitment leg).

• Maintain three affiliates that you recruited, and earn 29,999 USDT in downline investment as a regional director (with a maximum of 11,999.6 USDT from any one recruitment leg).
• Maintain three affiliates that you recruited and earn 59,999 USDT in downline investment as a national director (with a maximum of 23,999.6 USDT from any one recruitment leg).
• To qualify as an executive, you must enlist six affiliates and earn a downline investment of 99,999 USDT (no more than 39,999.6 USDT may come from a single recruitment leg).

• Maintaining six personally hired affiliates while generating 299,999 USDT in downline investment (with no single recruitment leg producing more than 119,999.6 USDT) is Continental Executive’s goal.
• Maintaining six affiliates that were personally recruited and generating 599,999 USDT in downline investment (with no more than 239,999.6 USDT coming from any one recruitment leg) is the responsibility of an international executive.
• No more than 399,999.6 USDT can come from a single recruitment leg for an ambassador, who must bring in nine affiliates and produce 999,999 USDT in downline investment.
• Maintain nine affiliates that you recruited and bring in 2,999,999 USDT in downline investment as a global ambassador (with a maximum of 1,199,999.6 USDT from any one recruitment leg).
• Maintaining nine affiliates that were personally recruited and generating 2,399,999.6 USDT in downline capital (no more than 2,399,999.6 USDT from any one recruitment leg) is the goal of the Crown Ambassador title.

Advisory Commissions

A 15% commission is paid to Swiss Valorem Bank affiliates on investments made by affiliates they referred. 

Recurring Commissions

The Swiss Valorem Bank uses a Unilever compensation plan to pay residual commissions.

An affiliate leads the unilevel team in a uni-level pay plan, with each affiliate they recruited sitting just behind them (level 1).

The Swiss Valorem Bank uses a uni-level compensation plan to award residual commissions.

An affiliate leads the unilevel team in a uni-level pay plan, and each affiliate they individually recruited is positioned directly beneath them (level 1):

At level 2, new affiliates brought on by any level 1 affiliate are added to the uni-level team of the original affiliate.

A level 2 affiliate is promoted to level 3 and so on down an indefinite number of levels if any of their level 2 affiliates bring on new affiliates.

Swiss Valorem Bank caps payable unilevel team levels at nine.

Remaining commissions are paid at the following nine tiers based on the amount of invested tether: 

• Directors are compensated at the 18% level 1 (personally hired affiliates).
• Level 2 pay for Regional Directors is 4%, and level 1 pay is 18%.
• At level 1, national directors earn 18%, at level 2, at level 3, and at level 3.
• Executives at Level 1 make up 18% of the total, Level 2 make up 4%, Level 3 make up 3%, and Level 4 make up 2%.
• Continental Executives receive an 18% salary at Level 1, and 4%, 3%, and 2% at Levels 2 through 5.
• International executives receive 18% salary at Level 1, 4%, 3%, and 2% at Levels 2 through 6, and 3% at Level 7.
• 18% of level one ambassadors get paid, 4% of level two, 3% of level three, 2% of level four, 3% of level five, and 4% of level seven diplomats.
• Level 1 pays 18%, Level 2 pays 4%, Level 3 pays 3%, Levels 4 and 5 pay 2%, Level 6 pays 3%, and Levels 7 and 8 pay 4%. This is the pay scale for Global Ambassadors.
• Crown Ambassadors are paid 18% at level 1, 4% at level 2, 3% at level 3, 4% at level 6, 4% at level 7, and 6% at level 8. 

Accelerator Pool

Swiss Valorem Bank has provided an undisclosed part of the company’s overall investment to finance the Accelerator Pool.

Each month, rank-qualified affiliates get the following distribution of the smaller, rank-specific pools that comprise the Accelerator Pool: 

• Directors are entitled to a stake of 20% of the Accelerator Pool.
• Regional Directors share in the sixteen percent Accelerator Pool.
• Of the accelerator pool, national directors receive sixteen percent.
• A share of the Accelerator Pool, equal to 9%, is awarded to executives.
• For Continental Executives, the Accelerator Pool contains nine percent.
• International Executives receive a share of 9% of the Accelerator Pool.
• Ambassadors get their share of the Accelerator Pool, which is 7%.
• Global Ambassadors receive a share of the Accelerator Pool equal to 7%.
• Crown Ambassadors get their share of the Accelerator Pool, which is 7%. 

BlockStar Pool

The Swiss Valorem Bank contributes 4% of its entire investment to the BlockStar Pool.

There are three ranks in the BlockStar Pool:

Ascending Blackstar asks that you bring in $3000 USDT in downline investments within 30 days of signing up as an affiliate.

Blockstar generates a monthly downline investment volume of 9999 USD.

Blockstar Supreme: 29,999 USDT in monthly downline investments

Be aware that the Rising Blackstar qualification window is limited. Every month, the prerequisites for Blockstar and Blockstar Supreme recur.

Shares that are distributed from the Blockstar Pool represent the three available ranks:

A month-long share in the BlockStar Pool plus a perpetual share in the BlockStar Pool make up Rising Blockstar.

Blockstar: two shares in the Blockstar Pool for each month (up to three shares if the affiliate met the requirements to become a Rising Blockstar).

Four shares in the Blockstar Pool for a month (five shares if the affiliate fulfilled the conditions to be a Rising Blockstar) are awarded as Blockstar Supreme.

Swiss Valorem Bank affiliates who fulfill the prerequisites for the Blockstar Pool (any rank) are eligible for a 25% match on profits from individually recruited affiliates. 

Infinity Pool Bonus

Directors and above are entitled to a $1,000 USDT monthly Infinity Pool Bonus from Swiss Valorem Bank. Infinite Pool Bonus

• Regional directors receive a 1500 USDT monthly Infinity Pool Bonus.
• Monthly Infinity Pool Bonuses of $2300 USDT are awarded to National Directors.
• Executives get a monthly Infinity Pool Bonus of 6000 USDT.
• For Continental Executives, the monthly Infinity Pool Bonus is $9,000 USDT.
• A monthly 15,000 USDT Infinity Pool Bonus is awarded to executives from other countries.
• Ambassadors receive a monthly Infinity Pool Bonus of $20,000 USDT.
• Every month, Global Ambassadors receive a 40,000 USDT Infinity Pool Bonus.
• to be eligible for a 90,000 USDT Crown Ambassador position. 

Signing up with Swiss Valorem Bank

The monthly affiliate membership fee for Swiss Valorem Bank is $33 USDT.

A $100 USDT minimum commitment is required to take full advantage of the related income possibility.

The Swiss Valorem Bank wants to invest in the USDT and tether analogs of Ethereum and Bitcoin. 

Swiss Valorem Bank Summary

Not a lot of Swiss Valorem Bank MLM opportunities exist. Affiliates purchase certificates in the hope of receiving a passive income.

Since there is no advertising or retail sales, Swiss Valorem Bank’s multilevel marketing division functions similarly to a pyramid scam.

It’s crucial to remember that the “elemental certificates” that Swiss Valorem Bank is offering are the third or fourth iteration of the identical investing technique.

Initially, there were “planet certificates” (sometimes referred to as “metaverse certificates”; an enlargement can be found below): 

They were also meant to introduce “planet certificates,” though they seem to have gotten little attention. But I guess “elementary certificates” technically count as the fourth certificate launch.

Either way, you’ll see that between certificate releases, both the ROI and the amount that can be caught in the certificates increase.

The highest “prana” tier of “elemental certificates” can be purchased for a maximum of 1.3 million USDT with an initial investment of $100,000 USDT, additional investments on each tier of $100,000 USDT *6, and additional investments on each tier of $100,000 USDT *6.

The objective is to get affiliates to renew paid rewards on the promise of constantly higher return on investment (ROI), even if I know this is clear. 

The issuance of fresh certificates intended to capture money would eventually be hindered by a barrier known as diminishing returns since cumulative withdrawals of GEUR will eventually grow exponentially greater than new investments.

GSPartners stood for external revenue from outside sources (gaming, fintech, real estate, renewables, supplements, and meta portfolio) before Swiss Valorem Bank. 

It is not possible to obtain the audited financial reports that back up these assertions. For the advantage of clients and regulatory bodies, Swiss Valorem Bank disobeys this legal mandate.

This brings us to the Swiss Valorem Bank’s fraudulent stock trading. 

According to SimilarWeb data for May 2023, the top countries sending visitors to the website domain of Swiss Valorem Bank are the US (66%), Canada (5%), the UK (3%), Russia (3%), and Greece (3%).

Canadian authorities have already taken action against Swiss Valorem Bank by issuing warnings about securities fraud.

In the US, securities regulations are governed by the SEC. As of now, neither Josip Heit nor the Swiss Valorem Bank are the target of any action from US authorities. It’s unclear how long it will take for the DOJ, CFTC, and/or SEC to intervene, but last month saw slightly over 500,000 visits to the Swiss Valorem Bank website, with most of those visitors originating from the US.

Ponzi scheme MLM businesses are often associated with securities fraud. This is what the SEC says about the US.

If Swiss Valorem Bank affiliate recruiting slows down, fresh investment will too, much like in numerous MLM Ponzi schemes. This will eventually cause the Swiss Valorem Bank to fail since it will be deprived of ROI income. The arithmetic of multilevel marketing Ponzi schemes guarantees that most members lose money when they fail.