The Financial and Consumer Services Commission of New Brunswick has signed onto a multi-jurisdiction settlement with GSB Gold Standard Corporation AG, GSB Gold Standard Bank LTD (GS Partners), their affiliates (the GSB Group) and principal Josip Heit, enabling New Brunswick investors to file claims for refunds. Under the settlement, GS Partners and its affiliates must return the value of investors’ investments or deposits, minus any withdrawals, and fund the costs of the claims process. The firm also undertook to refrain from trading in New Brunswick going forward unless it complies with securities laws. Products covered include certificates (metacertificates) such as the Olympus, Elemental and Success series, the G999 token, XLT Vouchers, and investments in a staking pool associated with the Lydian World metaverse. Eligible investors can submit claims during the claim period from February 21, 2025 to May 22, 2025. AlixPartners LP will administer the claims process through gsbsettlement.com, with the portal available in English only.
New Brunswick Financial & Consumer Services Commission 2025-02-19
Financial and Consumer Services Commission of New Brunswick joins GS Partners multi-jurisdiction settlement allowing investors to claim refunds
The Financial and Consumer Services Commission of New Brunswick has entered a multi-jurisdiction settlement with GSB Gold Standard Corporation AG and affiliates, allowing New Brunswick investors to claim refunds. GS Partners must return investments minus withdrawals, cover claims process costs, and cease trading in New Brunswick unless compliant with securities laws. Covered products include metacertificates, the G999 token, XLT Vouchers, and Lydian World staking pool investments.