Government regulators want to stop the G999 trade
The U.S. Consumer Protection Center has called in government regulators in the G999 and Gold Standard Banking Group (GSB) case. The central accusation: under "the guise of an alleged blockchain," trading transactions requiring permits are being conducted with the "illegal cryptocurrency G999."
"However, according to research by the Consumer Center, these authorizations are not available anywhere," a statement reads. Worse, to "cover up the entire obvious fraud, Gold Standard Banking Group advertises itself as a bank."
In fact, however, GSB is not a bank and "is also not allowed to conduct corresponding business worldwide," it continues. For this reason, the Consumer Protection Center has now informed not only the bank and stock exchange supervision, but also the national U.S. consumer protectors. From Washington, it was said that a ban on the illegal cryptocurrency G999 is "imminent".
The U.S. consumer watchdog analyzed and evaluated months of publications and posts by GSB and its CEO, Croatian Josip Heit. The result: "It is certainly the largest crypto fraud on the market at the moment". According to the consumer protection agency, the G999 fraud system could even be "on the scale of the billion-dollar OneCoin scam," if one is to believe the statements of Josip Heit, who himself speaks of "several hundred thousand participants".
According to the consumer advice center, "we have also analyzed the price and value development of the G999 in the past weeks and months. In just three months, the G999 has lost an average of 80 percent of its value. This performance is devastating."
Josip Heit and the G999 partners, who are combined in the "Gold Standard Partners", promise, according to the consumer center, "that a price increase of the G999 can and must be expected in the coming weeks". In fact, according to the specialists of the Consumer Protection Center, "with such promises, only new money is being raised to finance the pompous lifestyle of those responsible."
"According to all calculations, it is not possible to recover the losses once generated," the statement to the banking regulator reads. "It is a gigantic Ponzi scheme in which all those who invest money there will lose everything."
Moreover, the services promised by Gold Standard Banking Group, which will supposedly be paid for with G999, are also debatable among IT professionals. According to U.S. IT security firm Armor, "a service based on blockchain, like email, messenger or any other service is neither new, nor secure. It's complete nonsense, designed to trick people into paying dearly for something that can be obtained for free on the open market."
Affected investors who want to recover their payments in vain have in the meantime activated the website www.josipheit.com.
Perhaps the good life for Josip Heit will soon come to an end. The self-proclaimed "banker" owes personally and with his company "Gold Standard Banking Corporation AG" (GSB) 118.8 million euros in Germany alone. This is evidenced by documents that have now also been submitted to the public prosecutor's office. The Croatian, who was once called Josip Curcic, currently operates the criminal crypto network G999 together with globally operating networkers of "Gold Standard Partners". The 44-year-old "banker," who is also believed to have close ties to organized crime (OV), is under investigation not only in Germany.
New serious accusations against professional criminal Josip Heit and his fraud network G999: IT specialists have analyzed the alleged "GSTelecom by G999 Blockchain". Their warning: "This app, disguised as a chat program, is nothing more than an attempt to tap personal data and collect confidential passwords." The data theft is well disguised at that: "Welcome to the first decentralized chat app", it says as a greeting. Of course, the G999 scam would be nothing if CEO Josip Heit didn't loudly proclaim: "The most advanced chat application". Of course, this is absolute nonsense.
Now the German consumer protection organization Stiftung Warentest has also issued an urgent warning against the professional criminal Josip Heit and his fraud network around the cryptocurrency G999. Particularly fatal in this regard is the statement of the Federal Financial Supervisory Authority (BaFin), which clarified to Finanztest that GSB Gold Standard Banking Corporation AG "does not have a permit to offer banking and/or financial services transactions in Germany."
The public prosecutor's office in Frankfurt is now also investigating the alleged banker Josip Heit. According to the investigators, the Croatian is a key figure in a network of human traffickers operating throughout Europe. Specifically, prosecutors are charging him with promoting prostitution, extortion, coercion, promoting child prostitution, tax evasion and fraud.