Crypto Scheme Settlement: Tennessee and GS Partners Resolve Misleading Digital Asset Investments

October 17, 2024 Bitcoin.com

bitcoin.com

Tennessee has secured a multi-million dollar settlement with GS Partners over alleged deceptive investment schemes involving digital assets and the metaverse. Investors were enticed with tokens and vouchers linked to physical gold, skyscrapers, and virtual staking pools. Now, affected individuals have 90 days to file claims, with promises of refunds for all deposited funds or […]

VanEck Predicts Establishment of US Strategic Bitcoin Reserve Next Year Without Aid of Congress – Here’s How

5 US States Settle With GSB Group Over Unregistered Crypto Sales

September 14, 2024 Bitcoin.com

Alabama

Five U.S. states have reached a settlement with GSB Group over unregistered securities sales tied to digital assets. Residents of the states will receive refunds for all fiat and cryptocurrency deposits. GSB chairman Josip Heit agreed to cease selling unregistered securities without admitting or denying violations. 5 States Reach Settlement With GSB Group Over Unregistered […]

VanEck Predicts Establishment of US Strategic Bitcoin Reserve Next Year Without Aid of Congress – Here’s How

US, Canadian investors to get full compensation in GSB Group settlement

September 10, 2024 Coin Telegraph

Coin Telegraph

The German group is accused of running a multilevel marketing scheme that took in hundreds of millions of dollars in supposed crypto and metaverse investments.

Securities regulators in 12 US states have secured reimbursement for investors who lost money in an investment scheme that included the Lydian.World metaverse, cryptocurrency and the tokenized partial ownership of a metaverse skyscraper.

According to the North American Securities Administrators Association (NASAA), the regulators reached a settlement with a group of German companies associated with Josip Heit and known collectively as the GSB Group for the return of all money and cryptocurrency deposited with GSB Group for any purpose.

According to a statement released by the legal representatives of Heit and GSB Group, US investors in the settling states will receive compensation and those states “will withdraw all prior allegations of fraud or dishonest practices.”

GSB Group