Nov 17, 5:49 am
Texas Regulators Target Metaverse Real Estate Sale
The Texas State Securities Board has accused a network of companies operating from Germany, controlled by Josip Dortmund Heit, of fraudulent activities tied to digital assets and investments in a proprietary metaverse. The companies, known as GS Partners, GS Smart Finance, and GS Wealth, allegedly conducted unregistered security offerings and misled investors with metaverse property sales. The Texas State Securities Board has taken emergency enforcement action to halt these activities.