On October 1, 2025, Texas rejoined the GSPartners fraud settlement administered by AlixPartners LP, extending the claim filing deadline for Texans to October 17, 2025, at 11:59:59 P.M. Central Time, per the GSB Settlement website update. This follows a May 22, 2025, deadline for other North American victims, per. The move stems from renewed settlement negotiations initiated in August 2025, which granted a six-month stay until February 6, 2026, per. Texas State Securities Board (TSSB) Enforcement Director Joe Rotunda confirmed the extension, emphasizing full refunds for eligible Texans, per.
GSPartners, operated by GSB Gold Standard Corporation AG and owned by Dubai-based Croatian-German national Josip Heit, defrauded over 800,000 investors across 170 countries of more than $1B through unregistered securities like G999 tokens, XLT Vouchers, and Lydian World metaverse investments, per. After dozens of 2023 fraud warnings from North American regulators, Heit settled in September 2024, agreeing to refund North American victims, per. Texas withdrew in March 2025 over violations, including Heit’s launches of Apertum Foundation and DAO1, but rejoined after August negotiations to avoid a November 2025 trial, per.
Post-collapse in late 2023, Heit rebooted via GSPro, Billionico, and Auratus Gold, but the latest is Apertum Foundation and DAO1, a GSPartners continuation importing G999 tokens, per. On September 4, 2025, Heit announced G999 integration into Apertum DEX for non-North American victims, promising step-by-step implementation, per. However, a September 27 DAO1 update restricted wG999/USDT pools to whitelisted foundation wallets, centralizing withdrawals and sparking manipulation claims, per. Australia and New Zealand issued DAO1 fraud warnings in 2025, per. Texas set aside proceedings against Apertum in August 2025 after Heit argued no U.S. access, per.
The GSB Settlement Program at gsbsettlement.com, managed by AlixPartners, processes claims for full refunds minus withdrawals, per. Texas’s extension allows new submissions, with Joint Status Reports due October 6, 2025, December 5, 2025, and February 5, 2026, per. No timeline for processing exists, but updates are expected post-October 17, per. North American regulators, including California DFPI, Alberta Securities Commission, and NASAA members (Alabama, Arizona, Arkansas, Georgia, Kentucky, Mississippi, New Hampshire, Utah, Washington, Wisconsin), participate, per. X posts from @joe_rotunda (TSSB) in September 2024 confirmed refunds for U.S. clients, per.
GSPartners’ $1B losses highlight MLM Ponzi risks, mirroring Forsage ($340M) and Cryptex, per. Heit’s Dubai base and German passport complicate enforcement, per. Investors should verify via ssb.texas.gov or sec.gov and report scams to ASIC or TSSB, per. Bitcoin (BTC) ($113,234) and Ethereum (ETH) ($4,070) remain stable, per CoinMarketCap, but settlements like this boost trust, per. Diversify into USDC or ETH with stop-losses below BTC’s $112,000, per TradingView. Follow @TheBlock__ on X for updates. AlixPartners may disburse $500M+ in refunds by 2026, per.
