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.
While we now know authorities in Stuttgart have been investigating Harald Seiz’s Karatbars Ponzi scheme, no specifics of the investigation have been made public yet.
A report from SZBZ, quoting a Feb 13th paywalled article from Bild, states;
the court must clarify the question of whether Seiz attracted investors to his gold business and cheated them out of their deposits.
This suggests that prosecutors have presented the court with a case detailing the Karatbars Ponzi scheme.
The report also notes that Harald Seiz, a German national previously living in Germany, has since fled to Thailand.
Seiz has purportedly been corresponding with the court via email. Details of the correspondence have not been made public, but apparently the case has progressed such that Seiz is now a wanted fugitive.
The Stuttgart district court has issued an arrest warrant against the Stuttgart entrepreneur and former Sindelfingen villa owner Harald Seiz.
Karatbars International operated for years as a pyramid scheme. The Ponzi reboot integrated cryptocurrency, with an ICO announced in early 2018.
KBC eventually launched in July 2019. It immediately crashed and Karatbars International itself collapsed by the end of the year.
An integral player in Karatbars International’s Ponzi reboot was Chairman of the Board Josip Heit.
Heit is believed to primarily split his time between Germany and Dubai. Whether Heit is under investigation by German authorities is unclear.
After Karatbars International collapsed Heit went on to launch GSPartners, initially a clone of Karatbars International’s Ponzi scheme.
Harald Seiz has tried to reboot Karatbars International multiple times after KBC collapsed in 2019. The last reboot BehindMLM documented was MineBase in August 2022.
MineBase’s website remains online. SimilarWeb tracked a dramatic decline in MineBase traffic over the past few months.
In November 2022 SimilarWeb tracked 1.9 million visits to MineBase’s website. That dropped to just 400,000 as of January 2023.
Top sources of MineBase website traffic are Venezuela (20%), Germany (17%), Colombia (10%) and Ecuador (9%).
How long before they get that thieving scam artist sidekick Brandon Earp Jones??
In South Africa? They don’t bother arresting operators of multi-billion dollar Ponzi schemes (Mirror Trading International).
Ponzi Promoters aren’t even on their radar.
These people who have good ideas can’t keep it together. Greed takes over when they allow others to help change their model. Mary Kay made her model work.
Andrew Eaton, Brendon Earp-Jones, Tony De Gouveia, Bruce Hughes- these crooks all need to be held to account and jailed.
After being implicit in the Karatbars scam they simply moved to the G999, Lydian.World,Gspartners scams. Why are law enforcement agencies not able to get these crooks?
“Let’s launch a Ponzi scheme” is never a good idea.
You can’t “change” math, and Ponzi math guarantees the majority of investors lose money to scammers.
Can not even imagine the damage done to those that believed in the dream. The more loyal you were, the more damage was done.
Just received notice of $17,000 dollar judgement against me last week.
A detailed article without paywall.
Better late than never!
This is interesting. I wonder if that creditor is related to Karatbars?
Can’t Germany do anything right when it comes to prosecuting MLM scammers…
Back when Karatbars was a gold selling scam, it was blindingly obvious it was a pyramid selling scam.
Bullion dealers make their most money selling gold in bulk and in quantities over 1 troy ounce (31 grams) up to 12.5 kilo bars.
Bullion dealers would make very little money if they only sold 0.10 (one tenth of a gram), 1 gram, 2.5 grams, and 5 grams bars of gold.
Where Harald Seiz was making money from was selling worthless “business packages” to complete bullion/crypto amateurs, and encouraging them to sell them to others.
Karatbars International GmbH in Stuttgart has a new managing director since November 17, 2022. His name is Deni Gregorec and he lives in Croatia. Harald Konstantin Seiz is no longer managing director.
Nobody is working in Stuttgart or nobody wants to be disturbed. I have been trying continuously since Monday to reach the phone number mentioned in the imprint:
Once this announcement was made:
Since then, the telephone line has been constantly busy. I am now upset and order my gold bars on the DealShaker in India! 🙂
PS: Is the phone number for US/CAN support also invalid?
Is the Gold we purchased value as stated⁉️⁉️999.9 gold bullion⁉️⁉️
You didn’t purchase gold. You invested in a Ponzi scheme and your money is gone.
Sorry for your loss.
About time! Brian McGinty and Graham Laurie would also be worth arresting as a big net winners/promoters
Arrest his ass!
I know Tony De Gouveia personally. He used to be a good guy running legit businesses.
How he got into scams is still a mystery to me. He is also very charming hence his ability to scam people.
He cheated 100s of thousands of Canadian. Counting on 100 millions from Canada alone with her Canadian girl friend Nitsa nikos.
All should be in jail for atleast 100 years.
Two questions to Harald Seiz, which he did not answer.
I am still very upset about my money that I lost. Could never guessed that a well known pastor convinced me that it is legit as he even referred to it as the transferring of wealth that is referred to in the Bible!!!
Harald Seiz Sir, I hope that you will be taken to court and instructed to pay all of our money, failing you be incarcerated for a very long time. You can run but you can’t hide.
Karatbars International GmbH in Stuttgart had its own press department. When German media reported about this dubious gold dealer Harald Seiz, this ridiculous “press department” became active and sent counterstatements to German newspapers, which were sometimes also printed.
Here is an example from the past. It was an ad that Harald Seiz paid for (see arrow):
It is not possible to contact the head of the so-called “press department”, Kasia Turzynska. She never answered my email and she cannot be reached by phone. The phone line shown in my first screenshot has been dead for weeks!
1. The Karatbar website is still active and the few grams of Gold I own are still there. Just no way of getting itout.
2.The last message dated April 22, 2022 stated as follows (next para). I submitted a claim but never heard back & NO response to my emails.
Has any one had a response from them?
The sooner you acknowledge the gold never existed the sooner this starts making sense.
Acua Wellington was some weird recovery scam.
These people operate as healers, breath work experts, and life coaches preaching about healing the world while they mix in blockchain stuff.
Nitsa Nakos, Andy Mills, David Ingham, and Naomi Sweet still lure people in by DM on facebook talking about passive income, yet they never divulge anything unless you DM them.
They fake post discussions to each other and don’t even do a good job covering up that they are all part of the same ponzi scheme.
They aren’t even smart enough to pretend to be different people, yet they appear in comments threads talking to each other about how much passive income they make. Shameless false prophets.
Is karatbars gone? Is it a scam?
Karatbars International collapsed years ago.