On Thursday, Secretary of State Brad Raffensperger shared updates on the investigation into GS Partners/GSB Group, highlighting efforts to recover investments for Georgia investors. He reported that Georgia has received the largest portion of claims in the nation related to this case.

Last September, Raffensperger, alongside the Securities Division, announced a settlement against GSB Gold Standard Corporation AG and its owner, Josip Heit. This settlement ensures that all Georgia investors who invested with GSB Group or its affiliates will get back their funds.

The investigation, which started in October 2023, looked into various financial products from GSB Group, including digital assets. Raffensperger emphasized the importance of public education regarding emerging investment options and pledged to hold firms accountable.

Currently, 1,501 investors have made claims, with 121 from Georgia. Georgia is leading in the number of claims submitted and processed. In January 2024, Georgia joined other states in enforcing the settlement, allowing residents to recover their investment values. Raffensperger encourages investors to contact the Securities Division for claims assistance and warns against fraudulent law firms claiming affiliation with the settlement.