Karatbars International

Karatbars International securities fraud warning from Alberta, CA

Frauds, Karatbars International, regulation

Karatbars International, Karatbit Exchange and V999 have received securities fraud warnings from Alberta, Canada. The ASC added Karatbars International, Karatbit Exchange and V999 to its Investment Caution List on or around March 15th. The ASC advises; To help inform and protect investors, the ASC provides a list of companies and individuals that are not registered […]

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Arrest warrant issued for Karatbars International’s Harald Seiz

Frauds, Karatbars International, regulation

A German court has issued an arrest warrant for Karatbars International founder and CEO Harald Seiz. While we now know authorities in Stuttgart have been investigating Harald Seiz’s Karatbars Ponzi scheme,  no specifics of the investigation have been made public yet. A report from SZBZ, quoting a Feb 13th paywalled article from Bild, states; the

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Karatbars International’s V999 Ponzi rebooted as MineBase

Frauds, Karatbars International

Back in June Karatbars International investors were being funnelled into an Acua Wellington branded recovery scam. Whatever Acua Wellington was it’s come and gone. Harald Seiz has now rebooted Karatbars International as MineBase. I haven’t seen the email myself but, as I understand it, Karatbars International investors received an email sometime in the last few

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Acua Wellington is a Karatbars International recovery scam

Frauds, Karatbars International

Back in April Karatbars International affiliates reported receipt of an email from AcuaWellington. AcuaWellington represented they’d “taken over all receivables and liabilities of the Karatbars group of companies”. Further research reveals Acua Wellington is in all likelihood a recovery scam. But not your typical recovery scam. As supplied by BehindMLM reader Noel, here’s the email

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Karatbars International cease & desist in Germany finalized

Frauds, Karatbars International, regulation

BaFin has finalized its cease and desist order against Karatbars International. BaFin, Germany’s top financial regulator, issued Karatbars with a cease and desist back in late 2019. BaFin finalized the order on April 12th ordering Karatbars, operating as Karatbit Foundation, a Belize shell company, to stop and wind up the electronic money business Karatbit is

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Harald Seiz’s secretive Karatbars International reboot

Frauds, Karatbars International

Karatbars International owner Harald Seiz is gearing up to promote what sounds like a new business opportunity. The marketing carrot being dangled is unpaid commissions and shipment of non-existent gold. Since KaratBars and its V999 scheme collapsed, prompting Seiz to have a meltdown last year, not much has been happening. Karatbars received two regulatory warnings

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FTC sends 379 MLM companies deceptive/unfair conduct notices

ACN, Ariix, CashFX Group, companies, DFRF Enterprises, Dubli Network, Eaconomy, EmpiresX, Empower Network, ForeverGreen, Frauds, FutureNet, GVO, Herbalife, iMarketsLive, Investview, Jeunesse, Karatbars International, LaCore Enterprises, Le-Vel, Lyoness, Nu Skin, Nui, OneCoin, OnPassive, Paparazzi, regulation, Seacret Direct, Sisel, Traffic Monsoon, USFIA, Valentus, Visalus, Wakaya Perfection, World Ventures, Young Living, Youngevity

The FTC has issued at least 379 MLM companies with deceptive and/or unfair conduct notices. This was announced by the FTC on October 26th. If it slipped under your radar, you’re not alone. I learned of the FTC’s announcement via a tip sent in by a reader. At first I thought there was some funny

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Harald Seiz announces Karatbars’ Lifebase shitcoin reboot

Frauds, Karatbars International

A day after BehindMLM covered GSPartners’ upcoming JONE shitcoin reboot, Harald Seiz has announced Karatbars will also be rebooting. In a Facebook post made roughly 12 hours ago, Seiz revealed Karatbars’ new shitcoin will be “LifeBase”. Seiz states the reason Karatbars is rebooting with a new coin is to realize a “basic income system”. Plenty

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Freebay added to New Zealand’s Karatbars fraud warning

Frauds, Karatbars International, regulation

Freebay has been added to New Zealand’s Financial Markets Authority’s Karatbars International securities fraud warning. Freebay launched late last year, after the FMA issued its initial Karatbars International securities fraud warning in May 2021. Freebay is a reboot of Karatbars’ failed G999 crypto token Ponzi scheme. Instead of heading up the company himself, owner Harald Seiz put

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Karatbars securities fraud notice issued in Bahamas

companies, Frauds, Karatbars International, regulation

Karatbars International has received a securities fraud notice from the Securities Commission of the Bahamas. As per the SCB’s 19th March notice; It has come to the attention of the Commission that entities referred to as KARATBARS INTERNATIONAL GmbH, KARATBARS INTERNATIONAL, KARATBIT FOUNDATION, KARATBARS BAHAMAS, KARATBIT may be conducting activities that are either registrable/licensable or

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