Settlement fails: US authority accuses GSPartners of massive violations!

A planned fresh start ends in disaster: The Texas State Securities Board (TSSB) accuses GSPartners of breach of contract and deception and initiates legal action.

The US state of Texas has pulled the plug: the Texas State Securities Board (TSSB) has cancelled its settlement agreement with the controversial company GSPartners (GSB). The focus of the criticism is massive breaches of contract, a lack of transparency and new fraud allegations against GSPartners founder Josip Heit. This is a development with potentially far-reaching consequences, not only for the company but also for its international investors.

Breach of contract despite settlement

As recently as autumn 2024, GSPartners and several North American financial regulators, including the Texas State Securities Board, had agreed to a settlement. Among other things, Heit agreed to repay investor funds and to disclose relevant information. However, the agreement was short-lived: as stated in a hearing notice dated 11 March 2025, GSB is alleged to have violated the signed term sheet on multiple occasions.

According to TSSB, the company either failed to provide or deliberately falsified key information about Texas investors. There is also uncertainty about the actual repayment of customer funds. The authority accuses GSB of systematically trying to circumvent regulatory actions.

Secrecy instead of compensation?

Particularly explosive: GSB is said to want to impose a confidentiality clause on affected investors as part of the settlement. This would have prohibited investors from publicly disclosing their participation in the proceedings or taking legal action, even if they did not receive compensation. The supervisory authority TSSB described this condition as unacceptable and firmly rejected it.

GSB Emergency Cease and desist Order Herunterladen

Manipulated data, dubious blockchain

The company’s technical infrastructure is now also the focus of the investigation. According to TSSB, the data on Texas investors provided by GSB is ‘obviously manipulated’. An internal audit has revealed serious discrepancies between reported and actual transactions.

In addition, there is criticism of the so-called ‘Apertum blockchain’, which GSB advertises as a decentralised system. According to the authority, the company effectively retains control, including the option of unilaterally deleting tokens from wallets. This control mechanism, according to TSSB, is in clear contradiction to the security promises made to investors.

New injunction against ‘Apertum Token’

While GSPartners was still under investigation, Heit is said to have launched a new investment product: the ‘Apertum Token’ (APTM). On 20 March, the Texas Securities Commission issued another cease-and-desist order, this time against Josip Heit personally, as well as his alleged associates Dirc Zahlmann, Bruce Innes Wylde Hughes and Dennis Loos.

The accusation: APTM is a classic pyramid scheme in digital form. The token project, which allegedly promises price gains of up to 8,000 per cent, is aggressively marketed using a multilevel marketing system. More than 268,000 transactions have already been processed via more than 22,000 wallets, the majority of them non-transparent and without comprehensible bases.

The TSSB speaks of ‘old patterns in a new design’, including artificial scarcity, empty promises and marketing narratives reminiscent of failed predecessors such as G999, wG999 or the XLT vouchers.

Obfuscation instead of responsibility

The Texas investigators also accuse those involved of deliberately obscuring past failures and misleading investors again. According to TSSB, marketing promises such as a proprietary banking platform with 500,000 daily transactions, prominent developers from the gaming industry and listing on 15 crypto exchanges turn out to be unsubstantiated claims.

The so-called ‘Apertum Foundation’ also raises questions. Its structure, leadership members and actual role in the system are still completely unclear.

Court date in April – consequences uncertain

The next hearing before the Texas Securities Commission is scheduled for 14-17 April. The TSSB will present further evidence of breach of contract, data manipulation and fraudulent behaviour. It is not yet clear whether other US authorities will follow the Texas approach. However, the pressure on Josip Heit and his network is growing.

TSSB director Joe Rotunda puts it succinctly: ‘The methods may seem new, but the pattern is old. Deception, misrepresentation, abuse of trust – these are the constants.’

The BE-EWIV is preparing similar proceedings for the victims in Europe and Asia. Those affected should contact [email protected]!

Conclusion

With Texas’s withdrawal from the settlement, the situation for GSPartners and Josip Heit has dramatically worsened. The accusation: building new fraudulent structures while legal proceedings are ongoing, with no regard for regulatory obligations or the rights of aggrieved investors. If this is confirmed, the company faces not only new legal action but also an irreparable loss of trust. The pattern seems to be repeating itself, with potentially devastating consequences.

Note: And as always, those affected are welcome to comment on this, or if someone has more or different information, they are welcome to share it with us. We are not interested in making false claims and our primary goal remains to provide complete documentation.