Karatbars International @ BehindMLM

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.

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

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.

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…]

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”.

Freebay has been added to New Zealand’s Financial Markets Authority’s Karatbars International securities fraud warning.

Karatbars International has received a securities fraud notice from the Securities Commission of the Bahamas.

Karatbars International appears to be imploding due to infighting. Founder and CEO Harald Seiz has also had a video meltdown.

The Ontario Securities Commission has published a securities fraud warning against Karatbars International. The OSC added Karatbars to its warning list back in July. We missed that notice but are covering it now as a matter of record.

Wilmington city councilman Vash Turner is running for treasurer. His involvement in the Karatbars Ponzi scheme has raised questions among his constituents.