Official announcements from state regulators or GSB Group and GS Partners

GSB Group and GS Partners Settle $1 Billion with Six States to Refund Investors

Sep 9, 2024, 09:06 PM

GSB Group and GS Partners have reached a $1 billion settlement with six state regulators, including Texas and Georgia, to refund investors who were affected by their allegedly illegal crypto investment schemes. The settlement guarantees that US and Canadian investors will receive 100% of their funds back. The schemes involved partial ownership in tokenized real estate, including skyscrapers and metaverse investments. The states announced the settlement on Monday, ensuring full compensation for the investors.