Swiss Valorem Bank is one of the partners of GSPartners, an earlier exposed MLM High-risk platform. Our swissvalorembank.com review shows how this product is a no-reward platform.
The first members who signed up with the platform are now making the decision. We have a platform failing to allow withdrawals with the Canadian authorities issuing a warning. And it’s a sign things are not rosy.
Josip Heit is the brains behind this banking MLM product. He claims to offer banking. Blockchain, and technology services all under one roof. With the Swiss Valorem Bank card, members get the promise of withdrawing and earning large cashback.
That’s not all, you also get the chance of earning huge bonuses through the staking services and affiliate commissions. Once you deposit a large sum of funds, Josip claims to quadruple it within 40 days.
Who exactly is Josip and what does he have to offer? That’s the reason we found out about the product after his name was mentioned by a few victims. He is the face and prime ambassador of the platform.
The services Swiss Valorem Bank claims to offer include digital banking, custody, and investing solutions. If you have any Crypto, the bank promises to safely hold it as you earn interest rates. These rates are calculated daily with high potential returns.
Find out more about Swiss Valorem Bank review.
For those new at MLM products, there are individuals who profit from fooling investors into a pyramid scheme. Only a few selected members get to profit from the platform with the developer going home with a larger loot.
That’s why we have to expose the platform for failing to offer the much needed help when it comes to accountability and transparency. The reality is, Swiss Valorem Bank is another remake of the now exposed GSPartners.
Josip Heit is the mastermind behind several already exposed MLM scams. A Croatian national, he launched the GSPartners website back in 2019. He now holds a German passport with authorities in North America looking for him.
Karatbars International was the parent company that catapulted Josip to the scam heights he’s enjoying. The Cryptocurrency Ponzi scheme that collapsed in 2021 after authorities in Europe tracked down one of his close partners.
Harald Seiz admitted to being a partner of Josip and was fined $5 million with a 6-month prison sentence. He is now out and seems to have gone back to his old ways by supporting Josip in marketing his new MLM product.
Gold Standard was their next project in 2022 after having failed to release the G999 token allocated to investors. Up until now, no one has received a penny from the G999 project with Seiz the lead product marketer at the time.
Build around the G999 token, GSPartners was their last exposed project. The two tried to go public with the token but failed. The GSPartners token was quickly dumped on public exchanges after cracks emerged.
After the collapse of GSPartners, Josip has launched a few other projects that were aimed at financing the bigger platform. And these included the J One, XLT Lydian Lions, and LYS Token.
None of these tokens offered any tangible profit with the token failing to rise from the $0.00 valuation. In fact, all of the prices of these tokens would eventually go down to extreme negatives.
With investors already buying in the project, Josip already had funds to create the Swiss Valorem Banking MLM project. This time, he decided to add a twist by combining Blockchain services with online banking and staking.
There have been several regulatory warnings towards all of his tokens. The public were more than once advised not to buy in these projects due to the high risks involved. Another issue was the background and history of the CEO.
The former financial service lender backing GSPartners was apprehended and is now facing a 9 year jail sentence. Clearly, we are dealing with a proven scam. You need to stay away from this platform or risk losing everything.
It all starts with investors signing up and purchasing some of the daily profit ROI schemes available on the platform. Once you start the process, the platform knows you can also get others to sign up.
There are two types of victims on this platform, these include the members who sign up and the affiliate or marketers who promote the project in an attempt to win or earn commissions. Josip and his team have managed to fool investors for a long time with this approach.
As a member, the platform allows you to withdraw two times during the initial stages. The trick is, you won’t withdraw all the amount. If for instance the platform convinced you to sign up who the third package at $5,000, you get to have a partial withdrawal.
You can withdraw a minimum of $700 after the first two days and $1400 after four days. The platform leads investors into thinking these are the daily ROI margins earned from the project. Far from it, you are merely withdrawing part of the initial deposit.
After your second withdrawal, the platform has now convinced you daily profit margins are available. You get push notifications urging you to deposit more for a chance to triple your daily ROI.
That’s when investors make the mistake of adding even their savings in the hopes of earning more in a few days. At this juncture, the platform now knows you’re all in and moves to the final phase, and that’s to cut you off.
No more emails or any form of contact from the platform. You either get cancelled or receive an email citing account violation terms leading to your termination as a member. And with that, you have lost a huge chunk of your initial investment coupled by added funds.
Affiliates get the promise of earning commissions in form of USDT depending on the number of invitees they get to join the project. These include a minimum of 100USDT for converting five users to a maximum of 100,000USDT for inviting over 50 members.
Other bonuses on offer include a weekly bonus of 3,500 USDT or a 5 percent profit margin for those who deposit continuously. Most get the promise of making over 4,000USDT within a month, which is not the case.
The first batch of victims have now started coming out with horrific stories of what they went through. Social media and other forms of content platforms paint a painful picture of how Swiss Valorem Bank blocks withdrawals.
We recommend that try and find product reviews of any MLM project or service before signing up. It gives you an idea of what to expect with the platform. Those that read this review won’t have to lose funds knowing the facts about Josip and his products.
We clearly have a problem with how Josip has managed to evade authorities with numerous MLM product scares. We hope he gets to serve time for fooling investors.
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