The scheduled fraud hearings against GSB (GSPartners) and Apertum, led by Josip Heit, have both been officially delayed by the Texas State Securities Board (TSSB).
Originally, the TSSB was set to face Apertum and its owner, Josip Heit, in a hearing on April 8, 2025. However, a scheduling notice filed last week has since pushed this hearing back to May 27th and 28th, 2025. The specific reason for the delay has not yet been disclosed.
It is worth noting that prior to this notice, Heit’s legal team had requested that the hearing be postponed until late August — suggesting they may have influenced the delay.
Similarly, the separate fraud hearing against GSPartners (GSB), initially scheduled for April 14th to 17th, has also been postponed. The new hearing date is now set for August 11, 2025.
These delays are highly concerning for victims of both GSB and Apertum schemes.
In particular, the GSB hearing is now scheduled 81 days after the victim claim submission deadline — raising questions about how victim compensation will be handled, especially given TSSB’s allegations that GSB provided false investor data to regulators.
Meanwhile, the delayed Apertum hearing potentially provides a larger window for Josip Heit to continue his fraudulent operations targeting North American investors.
According to the TSSB, GSB has allowed Texas residents to access Apertum and swap tokens on the Apertum blockchain — despite existing regulatory actions.
DAO1 represents Heit’s fifth attempt to reboot his collapsed GSPartners investment scheme. Previous failed GSPartners rebrands include:
Swiss Valorem Bank
GSPro
Billionico
Auratus
GSPro+
In a marketing webinar held in November 2024, Heit openly promoted the migration of GSPartners investors over to DAO1, stating:
“For our community, they can swap from GSPro+ to DAO free of charge and access multiple industries and their products.”
This action directly violates more than a dozen cease and desist orders and securities fraud enforcement actions issued by regulators across North America.
Despite regulatory intervention, GSPartners investors have continued migrating to DAO1, enabling further participation in the alleged unregistered DAO1 investment scheme operating on the Apertum blockchain.
As of March 13, 2025, a total of 1,501 victim claims had been submitted against GSPartners. Claims processing is expected to begin after the May 22nd deadline.
However, with the fraud hearing pushed to August — and with allegations that GSB provided false investor data — there is growing concern that claims administrator AliixPartners might unknowingly process (or deny) claims based on inaccurate information provided by GSB.
Global Fraud Warnings Ignored by Heit
Beyond Texas and the US, regulators in both Australia and New Zealand have issued public warnings against DAO1, classifying it as a fraudulent investment scheme.
Despite these international warnings, neither GSB nor Josip Heit have publicly responded to the fraud alerts issued against GSPartners, DAO1, or the Apertum blockchain.
