Is karatbars still in business

BaFin has finalized its cease and desist order against Karatbars International.

By Hope. Opp , MLM. This Karatbars International Review review has been throughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions. Unlike other MLM companies, Karatbars is unique because it mainly deals in gold products.

Is karatbars still in business

This suggests that prosecutors have presented the court with a case detailing the Karatbars Ponzi scheme. The report also notes that Harald Seiz, a German national previously living in Germany, has since fled to Thailand. Seiz has purportedly been corresponding with the court via email. Details of the correspondence have not been made public, but apparently the case has progressed such that Seiz is now a wanted fugitive. The Stuttgart district court has issued an arrest warrant against the Stuttgart entrepreneur and former Sindelfingen villa owner Harald Seiz. Karatbars International operated for years as a pyramid scheme. The Ponzi reboot integrated cryptocurrency, with an ICO announced in early KBC eventually launched in July It immediately crashed and Karatbars International itself collapsed by the end of the year. Heit is believed to primarily split his time between Germany and Dubai. Whether Heit is under investigation by German authorities is unclear.

Contacted by the Dutch newspaper Het Financieele Dagblad, Kluivert denied being an ambassador for the cryptocoin company and said he had no business links with Seiz and had not invested in the currency.

Karatbars International. The Company is headquartered in Stuttgart, Baden-Wurttemberg, Germany and markets its direct selling business opportunity to consumers throughout the world including in the United States. This inquiry was commenced by DSSRC pursuant to its ongoing independent monitoring of advertising in the direct selling marketplace and concerns earnings claims disseminated by the Company and its salesforce members. Earnings Claims :. What is your why? Despite the fact all but one of the social media posts at issue remain accessible in the United States and the Company maintains an official i. For example, the company website does not provide a telephone number or email address for consumer or business inquiries.

Karatbars International appears to be imploding due to infighting. Karatbars International previously had its own official YouTube channel, however that appears to have been entirely deleted sometime over the past few days. Seiz only created his YouTube channel on December 18th. Then things get interesting. In my name and in the name of Karatbars family things were done for which I knew nothing and which I had not wanted. I have separated myself from all those who misused my name and the name of the Karatbars family, for great profit, empty promises and plain nonsense. I have parted company with those who claim to be a part of the leadership, uh when they never were. Keep in mind Karatbars started off as a pyramid scheme. That sounds like the Freebay Ponzi reboot plans are going ahead.

Is karatbars still in business

Karatbars is a German company that sells gold-backed products and cryptocurrencies. In , the German financial regulator ordered Karatbars to cease and desist its business in Germany, citing concerns that the company was operating a pyramid scheme. The Karatbars lawsuit is a class action lawsuit filed against the company by investors who allege that Karatbars defrauded them.

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The company in Stuttgart is closed and the German telephone number is invalid. People need to wake up. Someone is holding your Gold Coins. Contacted by the Dutch newspaper Het Financieele Dagblad, Kluivert denied being an ambassador for the cryptocoin company and said he had no business links with Seiz and had not invested in the currency. Stuttgart, Germany — Harald Seiz was once one of the most well-known gold dealers in Stuttgart, Germany, attracting high-profile clients and investors with his promises of profitable investments in gold and digital currency. SimilarWeb tracked a dramatic decline in MineBase traffic over the past few months. Because Karatbars International is a pyramid scheme, the NOB has ordered the company and its promoters to stop doing business in Namibia. Feb 16th, at am Melanie from Germany Q. June 16, These are distributed generationally after each leg has sold a certain number of units. Sep 2nd, at am Oz Q. So, the rest is up to you. Jul 26th, at pm Dayo Dayo Q. The future remains uncertain for the once high-flying gold dealer, who has fallen from grace and left a trail of unhappy investors in his wake. Karatbars International: Arrest warrant against gold trader Harald Seiz share-your-photo.

The referral comes after Karatbars failed to respond to a DSSRC inquiry into earnings claims made on social media by Karatbars salesforce members. DSSRC is an independent national advertising self-regulation program that monitors advertising and marketing claims in the direct selling industry. Karatbars is a multi-level direct selling company headquartered in Germany that sells gold bars and gift items in gold bullion and markets its business opportunity worldwide, including in the United States.

You can read the statement here: fsca. This inquiry was commenced by DSSRC pursuant to its ongoing independent monitoring of advertising in the direct selling marketplace and concerns earnings claims disseminated by the Company and its salesforce members. Aug 30th, at am Gwen Q. Mar 16th, at pm Melanie from Germany Q. The arrested individual can be held in custody until they comply with the court order or until they provide sufficient security to ensure compliance. May 10th, at pm Oz Q. The Stuttgart district court has issued an arrest warrant against the Stuttgart entrepreneur and former Sindelfingen villa owner Harald Seiz. You invested in a Ponzi scheme and your money is gone. Trust in these Pozi scammers. They have a smokescreen that conceals the fact that Karatbars MLM is nothing more than an affiliate scheme in which a new recruit passes money up to the founders, who then distribute a percentage of the profit to an older affiliate. Unlike criminal arrests, civil arrests do not involve the suspicion of a criminal offense. All such claims appear unsupported.