Karatbars Worldwide has acquired a securities fraud discover from the Securities Fee of the Bahamas.
As per the SCB’s nineteenth March discover;
It has come to the eye of the Fee that entities known as KARATBARS INTERNATIONAL GmbH, KARATBARS INTERNATIONAL, KARATBIT FOUNDATION, KARATBARS BAHAMAS, KARATBIT could also be conducting actions which can be both registrable/licensable or unlawful beneath a number of of the Acts.
The Fee hereby advises the general public that none of those entities or their brokers/representatives are registered with/licensed by the Fee.
Moreover, not one of the aforementioned entities have made the prerequisite purposes to be registered/licenced by the Fee.
Subsequently, any registrable/licensable exercise carried out, in or from The Bahamas, by these entities and brokers/representatives is in violation of a number of of the Acts.
The SCB is the Bahamas’ high monetary regulator. The above discover is the equal of a securities fraud warning in different jurisdictions.
The SCB’s securities fraud discover applies to Karatbars Worldwide GmbH, Karatbars Worldwide, Karatbit Basis, Karatbars Bahamas and Karatbit.
The SCB’s discover follows elevated Karatbars promotional efforts throughout the nation.
The Fee is suggested that KARATBARS INTERNATIONAL GmbH, KARATBARS INTERNATIONAL, KARATBIT FOUNDATION, KARATBARS BAHAMAS, KARATBIT has carried out a number of conferences in The Bahamas for members of most people which have been labeled as funding seminars.
Members are invited to take part by way of convention, social media, and phrase of mouth. As well as, members are requested to recruit individuals to hitch the unregistered program.
The aforementioned entities are allegedly selling “Karatbar actions”, with the promise of the potential of incomes massive payouts.
Karatbars just isn’t registered to supply securities within the Bahamas, or wherever else on the earth.
Final we checked in there wasn’t a lot happening in Karatbars.
Proprietor Harald Seiz (proper) was having a meltdown on YouTube, following a break up with former enterprise accomplice Josip Heit.
Seiz has since deleted his meltdown movies.
Now Karatbars is competing with Heit’s GSPartners. It’s a race to the underside searching for new bagholders to dump nugatory V999 and G999 tokens onto.
Like Karatbars, GSPartners can be not registered to supply securities in any jurisdiction.