Karatbars International appears to be imploding due to infighting. Founder and CEO Harald Seiz has also had a video meltdown. I’ll be upfront in stating we’re not really sure what exactly has gone down with Karatbars, but the beef appears to be between Seiz and Josip Heit. Harald Seiz took to YouTube with a video […]
Karatbars International imploding, Harald Seiz has meltdown Read More »
The Ontario Securities Commission has published a securities fraud warning against Karatbars International. The OSC added Karatbars to its warning list back in July. We missed that notice but are covering it now as a matter of record. As per the OSC’s July 7th warning; Karatbars International GmbH and Karatbit (including Karatbit Exchange) are not
Karatbars International securities fraud warning from Canada Read More »
Wilmington city councilman Vash Turner is running for treasurer. His involvement in the Karatbars Ponzi scheme has raised questions among his constituents. Turner (right), aka Va’Shun Turner, has been a Wilmington city councilman for four years. Wilmington is a city of ~70,000 in Delaware. According to copy used to promote Karatbars in late 2019, Turner
A Karatbars scammer wants to be Wilmington’s treasurer Read More »
Freebay was founded in June 2020 and is a marketing reboot of Karatbars International. Rather than just be honest about it however, Karatbars has opted to present Freebay as a “partnership”. A lack of transparency leaves Karatbars’ owner Harald Seiz’s stake in Freebay unclear. If I had to guess Seiz, with possibly one or more
Karatbars’ V999 Ponzi token reboot Read More »
New Zealand’s FMA has issued a securities fraud warning against Karatbars International. As per the FMA’s May 4th warning, Karatbars International GbmH, Karatbit Foundation and associated companies as they are not registered companies or financial service providers in New Zealand. The FMA has acknowledged Karatbars being promoted in Auckland and Christchurch, and cautions the public
Karatbars International securities fraud warning from NZ Read More »
In a stunning backflip, South Africa’s FSCA has given up on regulating Karatbars International. In response to the FSCA’s initial securities fraud warning last month, Karatbars informed the FSCA that it markets two products in South Africa, one being the sale of gold bullion and the second the sale of a crypto-asset to be launched
Karatbars lies to FSCA, regulator doesn’t care Read More »
Regulators in Germany and South Africa have issued fraud warnings pertaining to involvement in Karatbars International. In Germany Karatbars has caught the attention of the Federal Financial Supervisory Authority (BaFin), the country’s top financial regulator. In a November 11th press-release, BaFin announced it had issued Karatbars with a cease and desist on October 21st. On
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