Mercer Times

The New Jersey Bureau of Securities has announced that investors in the state have until May 22, 2025, to file claims for refunds from GS Partners. This opportunity arises from a multistate settlement addressing alleged securities violations by the company and its affiliates.

The agreement involves GSB Gold Standard Corporation AG, a Germany-based entity operating in fintech and banking, along with GSB Gold Standard Bank LTD d/b/a GS Partners. The companies’ owner and chairman Josip Heit and other affiliated entities are also included under this collective term "GSB." They are required to return funds invested in products linked to digital assets and metaverse technologies.

To facilitate the claims process, a secure online portal managed by third-party administrator AlixPartners is available for submissions. New Jersey investors who believe they have investments with GSB can submit their claims through this platform. The deadline for filing these claims is May 22, 2025.

Elizabeth M. Harris, Bureau Chief, emphasized the importance of timely action: “The Bureau is urging all those who purchased products or services from GSB to submit their claims before the window of opportunity closes.”

The investigation leading to this settlement focused on alleged securities law violations by GSB across various jurisdictions, including New Jersey. It involved offers and sales of crypto-related investments promising high returns. These investments encompassed virtual land plots and a staking pool within a metaverse called Lydian World; crypto token staking rewards allegedly exchangeable for physical gold; and vouchers claimed to represent tokenized shares of a skyscraper. Additionally, there were concerns about certificates sold by GSB that encouraged buyers through gamification to increase their investment amounts continually.