Karatbars Worldwide seems to be imploding resulting from infighting.
Founder and CEO Harald Seiz has additionally had a video meltdown.
I’ll be upfront in stating we’re probably not positive what precisely has gone down with Karatbars, however the beef seems to be between Seiz and Josip Heit.
Harald Seiz took to YouTube with a video titled “BREAKING NEWS from CEO Harald Seiz”. The video was uploaded to Seiz’s new YouTube channel on December nineteenth.
Karatbars Worldwide beforehand had its personal official YouTube channel, nonetheless that seems to have been completely deleted someday over the previous few days.
Karatbars’ official Fb web page remains to be up, so we’re assuming Seiz didn’t have entry to the YouTube channel. Seiz solely created his YouTube channel on December 18th.
I’ll be sincere, the primary minute or so of Seiz’s meltdown is unintelligible rambling. Then issues get attention-grabbing.
[0:56] Up to now there have been usually sufficient little hints and indicators about what was happening within the background.
Which you seen however didn’t actually register.
Solely regularly did it turns into [sic] clear to you that one thing needed to change.
I needed to understand that in some issues we have been removed from excellent.
All our belief, my belief, was abused.
In my identify and within the identify of Karatbars household issues have been accomplished for which I knew nothing and which I had not wished.
I’m going out on a limb right here and suggesting Seiz is referring to occasions submit his KaratGold Coin 1 gram of gold damaged promise catastrophe (July 2019).
Which means Seiz might be referring to:
Since July 2019 Karatbars has additionally acquired regulatory consideration in Namibia, New Zealand, Canada, Germany and South Africa.
Seiz continues;
[1:37] I’ve confronted the consequence. I’ve separated myself from all those that misused my identify and the identify of the Karatbars household, for excellent revenue, empty guarantees and plain nonsense.
I’ve parted firm with those that declare to be part of the management, uh once they by no means have been.
And I’ve parted methods with those that merely stole my concepts and imaginative and prescient, used them for their very own revenue, an d have used and are utilizing the complete crew’s developments and work for personally profiling of masking up unserious [sic] companies.
That sounds like Freebay however Seiz doesn’t go into specifics. After babbling on about fraud, Seiz does promise that “nothing like this can ever occur once more”.
[2:58] What we do, we do for the folks, for our households, for our youngsters, for freedom and impartial.
Collectively, we’ll make it. Collectively we’re highly effective.
Have in mind Karatbars began off as a pyramid scheme. It then morphed into numerous crypto Ponzis and that’s it. That’s the complete historical past of the corporate.
And consider the first monetary benefactor of Karatbars’ numerous fraudulent enterprise fashions is and at all times has been Harald Seiz.
However uh yeah, Karatbars is “for the youngsters”. No worries champ.
Seiz closes out with a bunch of selling guarantees, together with opening of the “V999 platform” earlier than Christmas. That sounds just like the Freebay Ponzi reboot plans are going forward.
Current KGC and KBC bagholders are to be given some newly created shit token, created alongside V999 oN tHe BlOcKcHaIn!
[3:44] KBC will probably be reworked into KBC and every KBC will probably be zero level 5 cents ($0.005) for the brand new utility token.
Which means all of the KBCs and KCBs will probably be changed.
KBC at present has a public buying and selling worth of $0.003 with negligible every day buying and selling quantity. That’s been fairly fixed for many of 2020.
The V999 reboot of KBC will apparently not be purchasable. So any assigned worth is meaningless (can’t buy, can’t promote).
Not that anybody is shopping for failed Karatbars Worldwide Ponzi tokens anyway, however I digress.
In response to Seiz extra particulars are coming this week.
Within the meantime final evening I acquired an e-mail from an “editorial crew” seeking to get caught into Seiz and Josip Heit.
Karatbars Worldwide has parted methods with Josip Heit after impartial accountants established that Heit embezzled greater than 120 million.
All legal prosecution in opposition to Heit and his legal community is activated.
Apparently there’s a web site going stay with extra info, additionally subsequent week.
German authorities might after all put a swift finish to the long-running Karatbars Worldwide rip-off however… *crickets*
Replace twenty first February 2021 – Someday within the final week Harald Seiz has deleted all movies from his YouTube channel.