Statement: 21 January 2025

As previously announced, GSB Gold Standard Corporation AG, hereinafter GSB Germany, founder Josip Heit, and certain affiliated companies, brands, and platforms have agreed to settlement terms with regulators in certain U.S. states and Canadian provinces.

No monetary penalties will be imposed as part of the settlement. Instead, Mr. Heit and the GSB entities have agreed to refund all eligible customers in the settling jurisdictions.

An independent claims administrator, AlixPartners, LLP, will accept claims from customers to determine eligibility for compensation.

Compensation will be calculated based on the value of total deposits minus total withdrawals.

The claims process will begin on February 21, 2025.

The claims period will be open for 90 days, until May 22, 2025.

All claims must be submitted by May 22, 2025.

More information on how to submit a claim is available at https://gsbsettlement.com/

Only residents of the settling U.S. and Canadian jurisdictions are eligible to participate in the claims process administered by AlixPartners.

If you are not a resident of one of the settling jurisdictions, you are not eligible to participate in the settlement claims process, and AlixPartners will deny your claim.

Currently, the settling jurisdictions are:

(1) Alabama, (2) Alaska, (3) Arkansas, (4) Arizona, (5) California, (6) Colorado, (7) Connecticut, (8) Delaware, (9) Washington, DC, (10) Georgia, (11) Idaho, (12) Illinois, (13) Indiana, (14) Kansas, (15) Kentucky, (16) Maine, (17) Minnesota, (18) Mississippi, (19) Montana, (20) Nebraska, (21) New Hampshire, (22) New Jersey, (23) Oklahoma, (24) Oregon, (25) South Carolina, (26) South Dakota, (27) Tennessee, (28) Texas, (29) Utah, (30) Vermont, (31) Washington State, (32) West Virginia, (33) Wisconsin, (34) Alberta, Canada, and (35) British Columbia, Canada

Other jurisdictions may join prior to the end of the claims process.

U.S. and Canadian customers who are not residents of the settling jurisdictions should seek refunds directly from the company by submitting a request to [email protected]

Refunds for residents of settling jurisdictions will be prioritized over refunds for other customers.

This will be the only opportunity for U.S. and Canadian customers to seek refunds.

And there is no option for U.S. and Canadian customers except to seek a refund—either through AlixPartners or directly from the company.

U.S. and Canadian customers cannot retain their certificates and earn interest or other rewards.

If anyone tells you otherwise, do not believe them.

U.S. and Canadian customers also cannot roll over into a new product. Products offered by GSPro+ and DAO1 will not be available to residents of the United States and Canada.

Again, if anyone tells you otherwise, do not believe them.

This platform will only be available outside of the United States and Canada.

U.S. and Canadian residents will not be permitted to register.

Our compliance team has implemented security measures to block U.S. and Canadian residents from the platform.

It is important that everyone understands this restriction.

Upon completion of the settlement, the GSB entities and Mr. Heit will consent – without admitting or denying any violations of law or that any product offered by the GSB entities is a security – to cease-and-desist from offering or selling unregistered securities in the settling jurisdictions.

The settlement terms do not require the GSB entities or Mr. Heit to make any admissions of fact or law.

The settling jurisdictions have agreed not to allege fraud or dishonest practices by Mr. Heit or the GSB entities, and any settling jurisdiction that previously alleged fraud or dishonest practices will withdraw, redact, or amend their prior filings to remove those allegations.

GSPartners,

Along with related entities and individuals (collectively, "The Companies"), have been served with cease-and-desist orders and other legal process by the U.S. states of Alabama, Arizona, Arkansas, California, Florida, Kentucky, New Hampshire, Texas, Washington, and Wisconsin. The Companies intend to fully comply with these orders. At this time, The Companies have ceased doing business in the United States. We are not offering any services to, engaging in any transactions with, or accepting any funds from U.S. customers. No new U.S. customers will be permitted to register. Nor will any new customer be permitted to register from any country without proper “Know Your Customer” documentation. Any existing U.S. customer accounts are in the process of being closed, as are all existing accounts without proper “Know Your Customer” documentation on file. Withdrawals or refunds will be provided upon request to eligible U.S. customers whose accounts have been closed. Please direct any questions or requests to [email protected]. Links to the filings can be found below:

Links to the filings can be found below:

Alabama Securities Commission (Respondents: GS Partners Global, Wealthbuilders Worldwide, Josip Heit, Nathaniel Hines, Jr., Jeanette Morgan Hines, Del Frank Lewis, and Diana L. Lewis).

Arizona Corporation Commission"s Temporary Order to Cease and Desist (Respondents: Swiss Valorem Bank Ltd., GSB Gold Standard Corporation AG, GSB Gold Standard Pay Ltd. Acting Under the Brand GSDEFI, Josip Heit, and Tannisha Glaspie).

Arkansas Securities Department (Respondents: GS Partners Global, Swiss Valorem Bank, and Josip Heit).

California Department of Financial Protection and Innovation (Respondents: GSB Gold Standard Bank Ltd. d/b/a GS Partners, GSP, and Gold Standard Partners, Swiss Valorem Bank Ltd., Josip Heit, Bruce Innes Wylde Hughes, and Dirc Zahlmann).

Florida Office of Financial Regulation (Respondents: GSB Gold Standard Bank Ltd d/b/a GS Partners, GSB Gold Standard Corporation AG, GSB Standard Corporation USA, Swiss Valorem Bank Ltd., Wealthbuilders Worldwide, Josip Heit, Brian Cromley, and Ruel Milson).

Kentucky Department of Financial Institutions (Respondents: GS Partners Global and Josip Heit).

New Hampshire Bureau of Securities Regulation (Respondents: GSB Gold Standard Bank Ltd. d/b/a GS Smart Finance, Gold Standard Partners, GSPartners, GS Partners, and GSP, GSB Gold Standard Banking Corporation PLC, GSB Gold Standard Corporation AG, GSB Gold Standard Pay Kommanditbolag a/k/a GSB Gold Standard Pay, GSB Gold Standard Pay Ltd. Acting Under the Brand Name GSDEFI, GSB Gold Standard Trade, Swiss Valorem Bank Ltd., Josip Heit, Bruce Innes Wylde Hughes, Aline Lima, and Dirc Zahlmann).

Texas State Securities Board (Respondents: GSB Gold Standard Bank Ltd d/b/a GS Smart Finance, Gold Standard Partners, GSPartners, GS Partners, and GSP, GSB Gold Standard Banking Corporation PLC, GSB Hold Standard Corporation AG, GSB Gold Standard Pay Kommanditbolag a/k/a GSB Gold Standard Pay, GSB Gold Standard Pay Ltd. Acting Under the Brand Name GSDEFI, GSB Gold Standard Trade, Swiss Valorem Bank Ltd, Josip Dortmund Heit, Bruce Innes Wylde Hughes, Aline Lima, and Dirc Zahlmann).

Washington State Department of Financial Institutions (Respondents: Swiss Valorem Bank Ltd., GSB Gold Standard Bank Ltd., Josip Heit, and Stephn McNeal).

Wisconsin Department of Financial Institutions, Division of Securities (Respondent: GSB Gold Standard Bank Ltd. d/b/a GSPartners, GSP, and Gold Standard Partners).

Mississippi Secretary of State (Respondents: GS Partners Global, Josip Heit, and Richard L. Shoto).

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