Karatbars International @ BehindMLM

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.

Freebay was founded in June 2020 and is a marketing reboot of Karatbars International. Rather than just be honest about it however, Karatbars has opted to present Freebay as a “partnership”. A lack of transparency leaves Karatbars’ owner Harald Seiz’s stake in Freebay unclear. If I had to guess Seiz, with possibly one or more [Continue reading…]

New Zealand’s FMA has issued a securities fraud warning against Karatbars International.

In a stunning backflip, South Africa’s FSCA has given up on regulating Karatbars International.

Regulators in Germany and South Africa have issued fraud warnings pertaining to involvement in Karatbars International.

The Bank of Namibia has issued a pyramid scheme warning against Karatbars International.

In a desperate bid to prop up its ethereum-based KaratGold Coin shitcoin, Karatbars International held a “Gold Independence” event on July 4th. Since the event, KaratGold Coin has dumped from a July 3rd 12.6 cent high, down to 4.9 cents.

The latest MLM company to jump on the pointless altcoin launch is Karatbars International. For those unfamiliar with the company, Karatbars International combines pyramid recruitment with a token gold offering. While gold is available for purchase through the company, the focus of the compensation plan is getting people to sign up with affiliate packages. You [Continue reading…]