Karatbars International imploding, Harald Seiz has meltdown
Karatbars International appears to be imploding due to infighting.
Founder and CEO Harald Seiz has also had a video meltdown.
I’ll be upfront in stating we’re not really sure what exactly has gone down with Karatbars, but the beef appears 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 19th.
Karatbars International previously had its own official YouTube channel, however that appears to have been entirely deleted sometime over the past few days.
Karatbars’ official Facebook page is still up, so we’re assuming Seiz didn’t have access to the YouTube channel. Seiz only created his YouTube channel on December 18th.
I’ll be honest, the first minute or so of Seiz’s meltdown is unintelligible rambling. Then things get interesting.
[0:56] In the past there were often enough little hints and signs about what was going on in the background.
Which you noticed but didn’t really register.
Only gradually did it becomes [sic] clear to you that something had to change.
I had to realize that in some things we were far from perfect.
All our trust, my trust, was abused.
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’m going out on a limb here and suggesting Seiz is referring to events post his KaratGold Coin 1 gram of gold broken promise disaster (July 2019).
That means Seiz could be referring to:
- Karatbars International lying to South Africa’s FSCA;
- the bungled Freebay v999 Ponzi token reboot; or
- some other disaster we’re not aware of.
Since July 2019 Karatbars has also received regulatory attention in Namibia, New Zealand, Canada, Germany and South Africa.
Seiz continues;
[1:37] I have faced the consequence. 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.
And I have parted ways with those who simply stole my ideas and vision, used them for their own profit, an d have used and are using the entire team’s developments and work for personally profiling of covering up unserious [sic] businesses.
That sounds like Freebay but Seiz doesn’t go into specifics. After babbling on about fraud, Seiz does promise that “nothing like this will ever happen again”.
[2:58] What we do, we do for the people, for our families, for our children, for freedom and independent.
Together, we will make it. Together we are powerful.
Keep in mind Karatbars started off as a pyramid scheme. It then morphed into various crypto Ponzis and that’s it. That’s the entire history of the company.
And keep in mind the primary financial benefactor of Karatbars’ various fraudulent business models is and always has been Harald Seiz.
But uh yeah, Karatbars is “for the children”. No worries champ.
Seiz closes out with a bunch of marketing promises, including opening of the “V999 platform” before Christmas. That sounds like the Freebay Ponzi reboot plans are going ahead.
Existing KGC and KBC bagholders are to be given some newly created shit token, created alongside V999 oN tHe BlOcKcHaIn!
[3:44] KBC will be transformed into KBC and each KBC will be zero point five cents ($0.005) for the new utility token.
This means that all the KBCs and KCBs will be replaced.
KBC currently has a public trading value of $0.003 with negligible daily trading volume. That’s been pretty constant for most of 2020.
The V999 reboot of KBC will apparently not be purchasable. So any assigned value is meaningless (can’t purchase, can’t sell).
Not that anyone is buying failed Karatbars International Ponzi tokens anyway, but I digress.
According to Seiz more details are coming this week.
In the meantime last night I received an email from an “editorial team” looking to get stuck into Seiz and Josip Heit.
Karatbars International has parted ways with Josip Heit after independent accountants established that Heit embezzled more than 120 million.
All criminal prosecution against Heit and his criminal network is activated.
Apparently there’s a website going live with more information, also next week.
German authorities could of course put a swift end to the long-running Karatbars International scam but… *crickets*
Update 21st February 2021 – Sometime in the last week Harald Seiz has deleted all videos from his YouTube channel.
Serial South African scammers Tony De Gouveia and Andrew Eaton are heavily involved in Freebay hoping to take advantage of all the Affiliates from MTI.
The German portal netcoo.com has been reporting exclusively positively about the fraudster Harald Seiz for many years. What does Harald Seiz pay this portal for these laudatory reports? Is netcoo.com the German version of BFH.org?
Article of July 20, 2020
share-your-photo.com/95327e9208
netcoo.com/direct-selling/harald-seiz-und-sein-goldweg/
More lies on his personal website harald-seiz.de.
Twitter (twitter.com/karatbarsgmbh) writes:
Instagram (instagram.com/karatbars_official/) writes:
The German portal network-karriere.com reported in June 2020:
share-your-photo.com/d9e4daed78
network-karriere.com/2020/06/29/staatsanwaltschaft-zweifelt-an-den-goldreserven-der-karatbars-gruppe/
Link to HANDELSBLATT:
handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/dubioser-goldhaendler-die-staatsanwaltschaft-zweifelt-an-den-goldreserven-der-karatbars-gruppe/25945106.html
In the article the names Deni G. and Marvin Steinberg are mentioned.
Marvin Steinberg (left) and Harald Seiz:
share-your-photo.com/29d5fb550f
Just as clarification for those who haven’t followed the Karatbars saga (not that I pretend to understand this convoluted mess in detail):
Marvin Steinberg is a former business partner, with whom Seiz fell out after the debacle of the introduction of one of his several shitcoins.
Steinberg’s company handled that introduction, and Seiz blamed him for everything going wrong.
The feud escalated to the point of Seiz filing a criminal complaint (in June 2019), accusing Steinberg of stealing the money people had paid for his worthless, supposedly somehow gold-backed, tokens.
The subsequent criminal investigation backfired wonderfully. Not only did the investigators for the prosecutor’s office exonerate Steinberg completely of what Seiz accused him of, in the process of trying to make sense of Seiz’s corporate tangle they came to the conclusion that Seiz’s own business(es) showed strong indications of criminality.
Whether or not that has yet led to a direct prosecutorial investigation into Karatbars, we do not know – all we know about is a leaked internal report with the conclusions of the investigation into Steinberg, which turned into more of an investigation into Seiz, which was seen by the Handelsblatt (an eminently respectable publication, sort of Germany’s equivalent of the Wall Street Journal or the Financial Times).
Steinberg, after his exoneration, in turn filed a complaint against Seiz for defamation (besides civil defamation, Germany also has a criminal version), but I also don’t know where that stands.
Note that the investigators did conclude that Steinberg was hopelessly incompetent, and that the introduction of the tokens had been such a mess because he didn’t have a clue about what he was doing. But that was all Seiz’s responsibility, since he picked him for the job and didn’t exercise any oversight.
They basically concluded that Seiz’s whole operation is an amateurish shambles, with everyone involved lacking any required competence for the business they pretend to be in.
Another thing they highlighted was how many people with a criminal record are associated with Seiz’s business – including Harald Seiz himself.
Given that this leak happened in June 2020, it’s quite possible that there is now an ongoing investigation by the prosecutor’s office into Karatbars. That would certainly explain why Seiz seems to be panicking.
I’ll never understand why EU authorities are reluctant to do their job.
Oh hay guys, we found “strong indications of criminality”.
Great! Now let’s do nothing about it.
Wunderbar! To the pub!
@ PassingBy
I quote Marvin Steinberg:
share-your-photo.com/c1b3e31457
The entire article is a paid advertising ad on
coincierge.de/2019/vergessen-sie-icos-der-serienunternehmer-marvin-steinberg-erklaert-warum-stos-die-zukunft-sind/
PS: In this context, the OneCoin fraudster Martin Mayer (MaMa on Tour) from Liechtenstein comes to mind.
Although the OneCoin scammers in Sofia had already started the “ICO” on onecoinico.io, this idiot kept repeating this phrase in his videos:
Check out this size…
https://josipheit.com/start.html#about
…A lot of dirt on Josip!
@ Gertrude Perkins
A new video by Harald:
youtu.be/2ZEzfJaNCJ0
Lots of jiggery pokery with the shit coins.
Is it just me or does Harald not seem to blink often enough? My eyes kinda water out of sympathy.
Santa Harald is giving GENIUS tokens to everyone. youtube.com/watch?v=2ZEzfJaNCJ0
Oh my, that jacket though! Fabulous!
So genius token is yet another token on top of KBC, V999 and G999?
I get Seiz has a fork script but how many Karatbars tokens are there going to be?
Today I spent some time trying to establish whether Josip Heit’s “GSB Gold Standard Group” spinoff is an MLM opportunity.
From what I can tell it’s just your typical crypto Ponzi:
Invest in worthless G999 tokens. Park them (sTaKiNg/MaStErNoDeS!), get more G999 tokens and cash out through the internal exchange.
Couldn’t see a comp plan but what I did come across is this hilariously cringe marketing video:
youtube.com/watch?v=cSniYhRn3jI
“Now you are ready!” Lololol!
Wow! Three major celebrities in one short video! Sophia Thomalla! Alex Cocindau! Josip Heit! Who could fail to be impressed by that?
The roster of celebrities involved in Gold Standard Group doesn’t end there.
Here is another major celebrity in another one of their videos, traveling with Josip Heit on what can only be one of Heit’s private planes: youtu.be/Y7d0iDN28BM?t=6
That’s Alex Bodi, who’s world-famous in Romania:
(balkaninsight.com/2020/11/12/romania-cracks-down-on-criminals-forced-home-by-pandemic/)
He was arrested in November in Germany for “forming an organized criminal group, human trafficking and pimping”. He’s accused of being part of a large Romanian gang that trafficked women into prostitution in Germany.
Some more information here:
en24news.com/2020/12/alex-bodi-bianca-dragusanus-ex-husband-placed-under-house-arrest-although-he-is-accused-of-human-trafficking-and-pimpingen.html
Lulz, wait for it – youtu.be/VFAagDlneNM?t=82
The comments section of Dr Harald’s latest video is quite extraordinary. And I am referring to the gullible individuals who still believe that Harald has their best interests at heart and this is not one big Ponzi scam!
Lambs to the slaughter!
A very informative and detailed article in English:
Read on at
brandaktuell.at/2020/08/20/karriere/harald-seiz-and-karatbars-criminal-complaint-against-publisherchief-editor-and-editors-of-the-handelsblatt-foto/
I don’t think the lawsuit will be successful. The German “Handelsblatt” is a serious publication. Harald Seiz also has problems with the German BaFin:
bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2019/meldung_191111_Karatbit_Foundation_en.html
There are numerous videos on this channel about cheating with Karatbars and Freebay:
youtube.com/channel/UCMFv-DoNEIg31Lmz__HM3jw/videos
The screenshot shows only a small part:
share-your-photo.com/9e87392f42
Addition to comment #13
The German portal welt.de (newspaper and television station) writes today:
share-your-photo.com/77b8f46677
Read on at
welt.de/wirtschaft/gruenderszene/article223819184/Sophia-Thomalla-wirbt-fuer-fragwuerdige-Blockchain-Firma.html
I have been scammed with this Karatbars/Karatbit (investment).
Please let me know if there is a class action law suit. I’m interested in joining a class action law suit or starting a class action law suit.
So go see a lawyer then?
Article updated to note Seiz has scrubbed his YouTube channel.
(Ozedit: link removed)
Why this isn’t being investigated properly is totally beyond me. Potentially hundreds of millions is involved @behindmlm
Because there’s nothing to discuss. If anything is ever filed I’ll cover the case.