Attorney General Alan Wilson has announced that South Carolina residents who invested with GSB Gold Standard Corporation, AG, GSB Standard Bank LTD, and affiliated companies operating as GS Partners may begin filing claims to recover their investments. The Securities Division of the Attorney General’s office is overseeing this process, which started on February 21, 2025, and will end on May 22, 2025.
The global consulting firm AlixPartners LP is administering the claims process. Investors can submit their claims through the official website for the “Gold Standard Bank Settlement Program” at https://gsbsettlement.com. This site provides information about eligibility and required documentation.
South Carolinians have this one-time opportunity to request a return of any fiat or cryptocurrency deposited with GS Partners entities. U.S. and Canadian customers cannot retain certificates to earn interest or rewards and are not allowed to roll over into new products.
In October 2023, the South Carolina Attorney General’s Office joined other U.S. state and Canadian provincial securities regulators in investigating GS Partners for allegedly selling unregistered securities. Once funds are returned to eligible customers, the Securities Division plans to recommend that the Attorney General issue a consent order concluding that GS Partners offered or sold unregistered securities under state law. The company acknowledges ceasing operations in North America by December 2023.
For more information or assistance, investors can contact the Securities Division at 803-734-9916 or via email at [email protected]. Additional resources are available on the Attorney General’s Office website.
