Karatbars International @ BehindMLM

MineBase Review: Harald Seiz flogs a dead horse

MineBase is the latest brainchild from Harald Seiz. Seiz, a German national, is best known in the MLM industry for ripping off a ton of people through Karatbars International. Karatbars International began in 2011 as a gold-themed pyramid scheme. Circa 2017-2018, Seiz partnered up Gold Standard Bank and owner Josip Heit. This partnership saw Karatbars [Continue reading…]

Karatbars International securities fraud warning from Alberta, CA

Karatbars International, Karatbit Exchange and V999 have received securities fraud warnings from Alberta, Canada.

Arrest warrant issued for Karatbars International’s Harald Seiz

A German court has issued an arrest warrant for Karatbars International founder and CEO Harald Seiz.

MineBase is probably a Russian Karatbars recovery scam

The recently revealed Karatbars International reboot is missing one thing: Harald Seiz. Although it made it to my editorial notes as I researched MineBase, I figured the fact that Karatbars credentials could be used to log in to MineBase, and excerpts from Seiz sprinkled throughout the site, was enough to make it official. A BehindMLM [Continue reading…]

Karatbars International’s V999 Ponzi rebooted as MineBase

Back in June Karatbars International investors were being funnelled into an Acua Wellington branded recovery scam. Whatever Acua Wellington was it’s come and gone. Harald Seiz has now rebooted Karatbars International as MineBase.

Acua Wellington is a Karatbars International recovery scam

Back in April Karatbars International affiliates reported receipt of an email from AcuaWellington. AcuaWellington represented they’d “taken over all receivables and liabilities of the Karatbars group of companies”. Further research reveals Acua Wellington is in all likelihood a recovery scam. But not your typical recovery scam.

Karatbars International cease & desist in Germany finalized

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

Harald Seiz’s secretive Karatbars International reboot

Karatbars International owner Harald Seiz is gearing up to promote what sounds like a new business opportunity. The marketing carrot being dangled is unpaid commissions and shipment of non-existent gold.

FTC sends 379 MLM companies deceptive/unfair conduct notices

The FTC has issued at least 379 MLM companies with deceptive and/or unfair conduct notices. This was announced by the FTC on October 26th. If it slipped under your radar, you’re not alone. I learned of the FTC’s announcement via a tip sent in by a reader. At first I thought there was some funny [Continue reading…]

Harald Seiz announces Karatbars’ Lifebase shitcoin reboot

A day after BehindMLM covered GSPartners’ upcoming JONE shitcoin reboot, Harald Seiz has announced Karatbars will also be rebooting. In a Facebook post made roughly 12 hours ago, Seiz revealed Karatbars’ new shitcoin will be “LifeBase”.