GSPro Review: A Deeper Look into the Controversial Rebranding
Authorities in the US, Canada, South Africa, and Australia issued numerous regulatory warnings against the infamous Crypto + MLM platform GSPartners. In an apparent attempt to avoid legal repercussions, GSPartners ceased business and changed its name to GSPro after these events. With little warning or contact with investors, the rebranding left many people confused and in financial distress. This GSPro review will examine the traits typically seen in scam brokers and talk about the reasons Gspro.network caught attention.
Company Overview
Company Name: | GSPro |
Known Websites: | https://gspro.network/ |
Address mentioned: | NA |
Other Contact Information: | – |
Regulated By: | Unregulated |
Have Warnings From: | Not Recommended By Review Website Like Scams Report |
Around the middle of December 2023, the original GSPartners website and the Swiss Valorem Bank domain that went with it were disabled, indicating the scheme’s demise. Swiss Valorem Bank’s records were updated on December 4th, however, WHOIS records indicate that the GSPartners domain was last edited on December 15th. In the meantime, on December 4th, GSPro appeared on the domain “gspro.network,” which was registered with TLD Registrar Solutions.
Negative Trustpilot Reviews
GSPro’s operations have garnered negative reviews on platforms like Trustpilot, with users highlighting their experiences. Many investors initially believed in the legitimacy of GSPartners due to smooth withdrawals and seemingly transparent operations. However, drastic changes began once the rebranding to GSPro took place. The platform claimed these adjustments were to comply with regulations and ensure the ecosystem’s safety, but for investors, the transition felt like a bait-and-switch tactic.
One reviewer lamented, “GSPartners seemed legit at first, but after the rebranding, everything fell apart. Withdrawals became impossible, and promises of refunds were vague.” This sentiment resonates with several users who feel misled and trapped in a financial quagmire.
Regulatory Concerns and Rebranding
GSPro is widely considered a reboot of the GSPartners scheme, with regulatory authorities flagging its activities as illegal. Since November 2023, GSPartners and its affiliates, including Swiss Valorem Bank and Gold Standard Banking, have been subject to cease-and-desist orders in multiple US states. For instance, the Texas State Securities Board issued a C&D order (ENF-23-CDO-1879) against these entities for fraudulent practices and illegal securities offerings.
Investor Concerns with GSPro
The new GSPro platform not only carried over existing user accounts and KYC data from GSPartners but also introduced new rules that disadvantage investors. Users report difficulty accessing funds and a lack of transparency regarding refunds. The rebranding appears to be a cosmetic change, with GSPro continuing the same questionable practices under a different name.
Conclusion
Based on multiple user reviews and regulatory findings, GSPro raises significant red flags. The rebranding from GSPartners does little to mask its controversial history and ongoing issues.
Scams Report Reviewed GSPro
Scams Report, a trusted platform for exposing fraudulent activities, has analyzed GSPro and found reasons for concern. The platform specializes in identifying brokers that exhibit red flags commonly associated with scams, such as unclear regulation, questionable practices, or hidden policies.
Scams Report also provides support to victims of online scams like forex trading scams, cryptocurrency schemes, social media schemes, and internet dating scams, offering free consultation and guidance on fund recovery.
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Note: The information provided in the above GSPro review is derived from existing web GSPro reviews. Please be aware that we cannot be held liable for any legal action taken by Gspro.network company. If you have any inquiries or concerns, kindly reach out to us via email at [email protected].