Is karatbars still in business

BaFin has finalized its cease and desist order against Karatbars International. BaFin finalized the order on April 12th ordering Karatbars, operating as Karatbit Foundation, a Belize shell company. After a very public meltdown in late is karatbars still in business, Seiz spent the first half of repairing his damaged reputation on social media.

At packed launch events in Cape Town and Amsterdam in June and September this year, Seiz spoke of Lamborghinis and luxury watches as rewards to his most eager affiliates. The same clip shows Kluivert praising the company. The Karatbar and the cryptocoin is the future. The public prosecutor in Stuttgart has opened investigations into the business, the paper reported. An investigation by Handelsblatt raised questions about other claims made by the company.

Is karatbars still in business

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. However, the luxurious life that Seiz had built for himself has come crashing down, as he now faces arrest and numerous complaints from creditors. The financial supervisory authority Bafin got involved in , however, and the business was eventually shut down, leaving hundreds of investors out of pocket. The Stuttgart district court has issued an arrest warrant for Seiz, who has not been seen in Germany for months. His once-grand villa in Sindelfingen is now up for sale, with an asking price of 6. Seiz has been the subject of numerous negative comments and complaints from angry investors on social media, with many claiming to have been ripped off by the gold dealer. Some have even called for the return of their investments in cryptocurrencies such as Bitcoin. In an email to the Stuttgart district court, Seiz stated that he now lives in Thailand, leading many to question if creditors will ever see their money again. 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. The case of Harald Seiz serves as a cautionary tale for anyone considering investing in gold or cryptocurrency. It is always important to thoroughly research and understand the investment opportunities before putting your hard-earned money on the line. However, the newspaper did insinuate that the warrant was related to the villa in Sindelfingen. In Germany, a civil arrest, also known as a civil detention, can be ordered by a court in certain circumstances. It is a legal measure taken to enforce compliance with a court order or to secure the interests of a party in a civil case. Unlike criminal arrests, civil arrests do not involve the suspicion of a criminal offense.

Nov 22nd, at pm Rachel Q. Received several regulatory warnings. GoldCards with small integrated fine gold bars of 1 gram are dispatched from Stuttgart all over the globe.

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.

At packed launch events in Cape Town and Amsterdam in June and September this year, Seiz spoke of Lamborghinis and luxury watches as rewards to his most eager affiliates. The same clip shows Kluivert praising the company. The Karatbar and the cryptocoin is the future. The public prosecutor in Stuttgart has opened investigations into the business, the paper reported. An investigation by Handelsblatt raised questions about other claims made by the company.

Is karatbars still in business

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. The V reboot of KBC will apparently not be purchasable.

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Details of the correspondence have not been made public, but apparently the case has progressed such that Seiz is now a wanted fugitive. Mar 5th, at pm Melanie from Germany Q. June 16, And each time you create another one, your profit increases, and the effort put into creating the next property decreases. Feb 16th, at pm Oz Q. Don't Miss Out! That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world. Each and every gold bar consists of a trademark symbol and the imprint of the quality checking firm. If you wanted to double your income with an MLM, you would need to sell twice as much inventory. What may worth be looking into, is whether they have applied for this. After allegations that it was luring customers into a pyramid scheme, a German watchdog ordered Karatbars to shut down its blockchain-based business in His once-grand villa in Sindelfingen is now up for sale, with an asking price of 6. Blockchain could reshape the world — and the far right is one step ahead Josh Hall. Sounds complicated, right? This suggests that prosecutors have presented the court with a case detailing the Karatbars Ponzi scheme.

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.

Save my name, email, and website in this browser for the next time I comment. Seiz and Karatbars are being sued by a Swiss academic who claims they plagiarised a report she wrote about the contents of a group of copper mines in Chile. Without them, their biz would fall apart. Through a binary compensation format, distributors are offered binary commissions on what their downline spent. Two questions to Harald Seiz , which he did not answer. The best option would be the FSCA. That means you need to have a VERY large network to make serious money. Apr 26th, at pm Melanie from Germany Q. Paywalled article from July 21, A detailed article without paywall. I am being lead by my nose and to this day believed and trusted my upline. Feb 20th, at pm Trooth Fairy Q. I am left with nothing and definitely no answers as to what happened to my account and or coins. Jul 22nd, at am Rod Q.