G999 Josip Heit

Stiftung Warentest: A questionable offer with crypto coin G999

Hamburg-based Gold Standard Banking Corporation offers 2.5 percent a year as a reward to customers who store coins of its cryptocurrency G999

Josip Heit is the head of the obscure alleged GSB Bank and the cryptocurrency G999. German consumer advocates and the German banking supervisory authority have now made serious accusations against the Croatian

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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."

It also referred to sections 39 and 40 of the German Banking Act. These stipulated that only companies licensed under the Banking Act may use the terms "bank", "banker", "credit union" and "savings bank" as an addition to their company name, to designate their business purpose or for advertising purposes.

As we have learned today, the Federal Agency has now initiated several proceedings against the company GSB and its owner Josip Heit. An "official ban can be expected shortly," according to a statement issued by BaFin to the editors.

Already in the past weeks and months, the dubious business of the Croat Josip Heit and its mafia network had been warned. Afterwards, Josip Heit had threatened critics directly or via intermediaries even with murder.

Via the Hamburg lawyer Dr. Thomas M. Nische, numerous proceedings were also brought against the media and individuals with the aim of silencing critics. The Stuttgart public prosecutor's office has initiated preliminary proceedings against Nische, Heit and those responsible at the Hamburg law firm "NOR" for forgery of documents and attempted trial fraud.

Hamburg-based GSB Gold Standard Banking Corporation AG offers 2.5 percent a year as a reward to customers who store coins of its cryptocurrency G999. GSB is not a bank, although the name suggests it, and also has nothing to do with cryptocurrencies, according to the commercial register.

In a commercial of GSB Gold Standard Banking Corporation AG from Hamburg, the presenter and actress Sophia Thomalla enters GSB business premises with an energetic step and opens an account for cryptocurrencies with GSB CEO Josip Heit.

She receives a golden hammer with which she knocks out a G999 coin from a golden lump. G999 is the name of GSB's cryptocurrency. But the term also includes "a uniquely electronic system, card reader and app," according to the company's presentation, which also enables fast payments and much more.

In a "white paper", a document describing G999, GSB explains what the system will offer customers. For example, a crypto credit card is supposed to work like a savings account. GSB offers customers who store at least 249,999 coins of their cryptocurrency G999 2.5 percent a year as a reward in the form of G999 coins.

Those who provide a digital node (masternode) that enables decentralized processes around the G999 blockchain and hold at least 749 999 G999 coins for a year will receive as much as 7.5 percent reward in the form of G999 coins a year. The coins thus created will later be exchangeable for real gold in partner gold stores.

On February 15, 2021, G999 was trading at about 1.1 cents on the website Coinmarketcap.com. So investors would have had to spend a good 2,700 euros and a good 8,200 euros, respectively, on the minimum number of coins on that day to get the reward.

Investors can get the wallet required to buy, store and sell them, special software from GSB. The quotes for such coins fluctuate greatly. It is possible that when selling, investors get significantly less euros than they put in. It is also possible that no buyer can be found at the desired time.

GSB is not a bank, despite its name. A spokeswoman for the Federal Financial Supervisory Authority (BaFin) clarified to Finanztest that GSB Gold Standard Banking Corporation AG "does not have a license to offer banking and/or financial services transactions in Germany."

It also referred to sections 39 and 40 of the German Banking Act. These stipulated that only companies licensed under the Banking Act may use the terms "bank", "banker", "credit union" and "savings bank" as an addition to their company name, to designate their business purpose or for advertising purposes.

The purpose of this provision is clear: to prevent prospective customers from believing that they are doing business with a financial institution that is subject to supervision and strict rules, when this is not the case. GSB does not use the prohibited terms, but it does use the English term "banking corporation", which banks abroad have in their name or use in the English translation of their name.

According to the commercial register, GSB does not even have anything to do with cryptocurrencies. GSB was created at the end of 2017 from GCC Gazella Corporate Capital GmbH from Düsseldorf.

The registered object of the company is "the manufacture, import, export and distribution of chemical products, plastics, pesticides, chalk and fillers, dyes, pharmaceutical and other products, as well as rare metals and gold, from, to and in the German market, as well as the financing of domestic and foreign companies of the Gazella Corporate Capital Group (including borrowing money for this purpose)."

Conclusion: Since the wrong impression of a kind of fixed interest rate of a bank could arise with prospective customers, we put GSB on the investment warning list.

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How Josip Heit collected 118.8 million euros for nothing

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.

The unbelievably brazen data theft by Josip Heit from his Gold Standard Partners

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.

G999 Boss Josip Heit allegedly involved in dirty human trafficking

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.

The criminal universe of the alleged cryptocurrency G999

The Romanian Alexandru Cocindau is a coward. He's afraid of getting caught. Now he has produced a fake video that is just as bad as his work as a "blockchain evangelist", "entrepreneur" and "angel investor" (self-promotion). Because even he was not entirely comfortable with his work, he manipulated his voice on the video – but in such a way that the simple technical capabilities of the prosecution exposed him as a character assassin.