Karatbars International securities fraud warning from NZ
May.07, 2020 in
Karatbars International, regulation
New Zealand’s FMA has issued a securities fraud warning against Karatbars International.
As per the FMA’s May 4th warning,
Karatbars International GbmH, Karatbit Foundation and associated companies as they are not registered companies or financial service providers in New Zealand.
The FMA has acknowledged Karatbars being promoted in Auckland and Christchurch, and cautions the public against investing in the company.
Following last years KBC token pump and dump cash grab, things have been pretty quiet over at Karatbars.
There was talk of a KBC fork reboot but that doesn’t seem to have materialized.
Given KBC is dead, I assume the FMA has observed the pyramid recruitment side of Karatbars.
Quarantine drinking game:
Take a shot every time Harald Seiz strikes a cheerleader pose – youtube.com/watch?v=G6lJsVKsmQo
Well, Oz, I was lucky, despite your fun little “game.” The paramedics managed to rescue me from severe alcohol poisoning, but the stomach pumping was no fun at all. Where shall I forward the medical bill?
OK, I lied about the drinking. I was too busy laughing at his constant finger-tenting. All I could hear in my head was The Simpsons’ character Mr. Burns saying (evil voice), “Excellent.”