The service provider offering GSPartners with debit card monetary providers has severed ties.
In an e-mail despatched out earlier at the moment, Membership Swan and Nvayo Restricted suggested GSPartners associates;
We’d like to tell you that Nvayo/CoinX (as an e-money issuer) and Membership Swan (because the crypto wallets and concierge providers supplier) is now not offering monetary or different providers to GS Companions and GSB – (dba GSlifestye and affiliated entities), with speedy impact.
GSLifestyle was a debit card hooked up to GSPartners’ cryptocurrency backend.
In different phrases, up till at the moment, Membership Swan and Nvayo Restricted assisted GSPartners with laundering funds obtained by securities fraud.
To that finish, no rationalization for Nvayo Restricted and Membership Swan severing ties with GSPartners is offered.
On its web site Membership Swan pitches itself as a
membership, concierge and life-style providers and cryptocurrency merchandise supplied by AU Card, LLC.
Membership Swan Pay as you go Accounts issued to people in america of America are offered and issued by CoinX Inc., a Cash Service Enterprise regulated and registered by FinCEN and by over 44 states listing right here.
Membership Swan Pay as you go Account entry playing cards are issued by CoinX.
Membership Swan advises that Defunct GSLifestyle branded debit playing cards will proceed to work, however will fall beneath Membership Swan’s personal branding.
So far as I can inform, AU Card, CoinX and Nvayo Restricted are all owned and operated by Chris Scanlon.
Nvayo Restricted can also be the monetary providers supplier behind PlatinWorld’s PLC Ultima Ponzi debit card.
Chris Scanlon (proper) is believed to be a resident of Utah within the US.
If Membership Swan and Scanlon are conscious of a US regulatory investigation into GSPartners, or are beneath investigation themselves, this hasn’t been disclosed to their shoppers.
As of August 2022, SimilarWeb tracks the US as the most important supply of visitors to GSPartners’ web site (39%).
At time of publication the GSLifestyle standalone web site was inaccessible. GSPartners has not publicly addressed shedding its GSLifestyle monetary companions.
Slightly than be trustworthy about shedding their GSLifestyle monetary supplier, GSPartners as an alternative instructed associates the service was “beneath improve”:
The above announcement appeared in GSPartners affiliate backoffices on September thirteenth.
