Is Karatbars International A Scam? – Downgraded To SCAM! Urgent Update: Arrest Warrant for Karatbars CEO Harald Seiz – Inside the Company’s Alleged Ponzi Scheme

 

Wow, Big News on Karatbars International – It’s Not Looking Good!

Harald Seiz in Hot Water – Arrest Warrant Issued!

Guys, you won’t believe what’s been going down with Karatbars International. A German court has just issued an arrest warrant for Harald Seiz, the big boss of Karatbars. This is huge and definitely not the kind of news you want to hear about a company we talked about before.

Background Recap

As a quick recap, Karatbars International was known for selling small, manageable gold bars and offering a unique business model. Founded in 2011 by Harald Seiz, the company expanded its reach globally, operating in numerous countries and creating a network of K-Exchanges. Our initial review highlighted the innovative approach of making gold accessible and the opportunity to earn through their network marketing strategy.

What’s the Beef?

So, here’s the scoop: It looks like the authorities in Stuttgart have been digging into Karatbars, suspecting it’s a Ponzi scheme. The big question they’re trying to answer is whether Seiz lured investors into his gold business and then swindled them. Talk about drama!

Karatbars’ Rollercoaster Ride

Remember when I told you about Karatbars and their whole gold game? Well, things went south after they jumped into the cryptocurrency world. They launched this coin called KBC in 2019, and let me tell you, it was a disaster. The coin tanked, and Karatbars just couldn’t recover.

Other Players and New Ventures

And it’s not just Seiz in the spotlight. Josip Heit, the Chairman of the Board, is a key figure too. He’s now into this new gig, GSPartners, which honestly sounds a lot like Karatbars. As for Seiz, he tried to get Karatbars back on its feet a few times, but nothing really stuck.

What’s Happening Now?

Seiz is apparently chilling in Thailand now and chatting with the court over email. Meanwhile, the traffic to their latest project, MineBase, has pretty much plummeted. It’s like watching a train wreck in slow motion.

My Two Cents for You Guys

For anyone who got mixed up with Karatbars, here’s my advice:

  1. Keep Your Eyes Peeled: Stay updated on this whole legal mess. It’s better to know what’s going on than be caught off guard.
  2. Check Your Pockets: If you put money into Karatbars, it might be time to talk to a financial guru.
  3. Legal Eagle: If you’re in deep, you might want to chat with a lawyer. Better safe than sorry, right?

Bottom Line

This whole Karatbars saga is a classic example of why you’ve got to be super careful with where you put your money, especially in these high-risk, high-drama ventures. As always, do your homework before diving into anything.

I’ll keep you guys posted as more info comes out. And hey, if you’ve got any stories or insights about Karatbars, drop them in the comments. We’re all in this together!


KaratBars International Review

Name: KaratBars InternationalIs KaratBars A Scam?
Website: www.karatbars.com
Price: $0 Starter Membership (get free account)
Owner: Harald Seiz
Overall Rank: 90 out of 100
Who it’s for: Newbie – Expert

So a little back story here be fore we discuss is karatbars a scam or not…. I was looking for an engagement ring and came across a very talented and successful private jeweler here in Canada. I’ve been dealing with him for several months now, finding the right size diamond with all the attributes I want and designing the ring. Nearing the end of our negotiations and making arrangements for final payment. I was talking to him about how I buy gold bullion and save it.

So he mentions this new way of buying gold in smaller, more manageable sizes and can make income from it. Well of course I became intrigued. I asked myself “is Karatbars a legitimate business opportunity?”. I am always on the hunt for the best affiliate programs and top notch affiliate networks.

So he sends me a link with some info and I go through and check it out. DO some research online about this company KaratBars International. I find that in order to TRULY review a product or service you have to TRY it.

You cant be a window shopper and walk up to the glass, obscured vision by the clutter in the window you walk away thinking “that store doesn’t look good”. No you can’t do that. That’s precisely like judging a book by its cover.

So I sign up to see just how easy it is. There’s two options. You can become an affiliate or buy gold as a consumer for your personal savings.

So Who Is KaratBars International?


So a proper introduction here. KaratBars International was founded in 2011, by a gentlemen by the name of Herald Seiz. A self sufficient and successful man in the financial services industry. 2008 he joined a precious metals company and became the top in that company. But he was dreaming on a larger scale and had a much better vision. “Gold in small units available for everyone – and that worldwide – was a fantastic idea to offer people more certainty.”

His company now is in 122 different countries, with the vision to expand to 194 countries and continue to help people with financial security. The company sells gold in small manageable sums. 1g, 2.5g and 5g increments. Sounds simple enough, right?

The reason for these small increments is to have “spendable” gold bullion. I think they hit the nail on the head, when in the video they asked you to imagine buying groceries with an ounce of gold! They are essentially building a network of K-Exchanges around the globe. If you have a business in your particular state/province you can register as a K-Exchange. Essentially these K-Exchanges allow you to buy/sell gold and buy merchandise from that particular K-Exchange.

This is one of the very few Network Marketing companies to enter into the precious metals market.

About The Gold


Ah yes, the good stuff. The gold bars are produced by a company by the name of Atasay Kuyumculuk Sanayi Ve Ticaret AS (“ATAkulche”  is the brand name) , whom is part of the London Bullion Market Association.

My KaratBars

Two of My Karabars cards. 1g & 5g

All Karatbars Gold bars are:

1. Certificated and laminated with UV protective film.

2. Stamped with a valid trademark.

3. Each unit includes Assayers signature

4. A unique hologram adorns the reverse side of the bar which is intended both as a security feature and for visual appeal.

5. Most importantly, 999.9 pure

The biggest thing I find is not everyone can afford to drop $1200 +/- on an ounce of gold at one time. So KaratBars strategy is ideal. To buy 1 gram costs roughly $60 plus shipping. My jeweler suggested buying 5 grams at a time when you have saved enough cash to save on shipping. Now I did some more research and found there’s a way to significantly drop shipping costs.

Shipping & Storage facilities


I did some looking around and they do offer you a way to ease up on all those shipping costs with FedEx. For affiliates only they offer the following:

  •  Free storage at Karatbars in Germany, Stuttgart
  •  Paid storage in Switzerland a direct contract with the Swiss company
  •  Paid storage in Singapore, with a direct contract of the company from Singapore

So I looked at Karatbars free storage and here’s what they give affiliates:

  • Maximum up to 100 grams (Delivery can be requested at any time. You can monitor your inventory online by logging in)
  • Maximum 1 year (12 months) free of charge
  • Temporary Gold Storage (12 months) is under the Karatbars International high security vault. (Starting from: 01.07.2014)

So shipping costs up to 100 grams of gold bars is roughly 25 bucks depending on the market value of the CAD/USD/EUR. For anyone who decides to buy OVER 100 grams at once, the shipping is FREE. So in my mind I can agree with my jeweler. Not all of us are effective at managing money and can hold on to it for a couple weeks.

Quite simply, if you buy 1 gram a week in a month. You just burned up $100 bucks in shipping. But if you waited till the end of the month you just got 5 grams, instead of 4 and one time shipping of $25+/-. The 5 gram cards cost $237 +/- USD plus shipping. A lot better then paying 340 bucks for less!

Now I know there’s people out there who would save and buy over 100 grams to dodge the shipping and I don’t blame them. By now you may have seen a bit of a flaw in the pricing. But that’s where the Network Marketing comes into play.

The Meat & Potatoes: KaratBars Business Opportunity


So, like any Network Marketing company when you share this opportunity with others and they purchase gold. You get paid a commission. Now instead of me trying to type it all out here’s the presentation from the company itself.

https://youtu.be/Jgt_tohuz6w

Also here they give you a break down “Why Gold”?

They give you some free pages to you use at your disposal:

  1. Basic Referral Link
  2. Personal Shopping Page
  3. A Free Landing Page
  4. A K-Exchange Link (K-exchange shows you where vendors are worldwide)

So if you watched the videos you can see that you do not need to do an upgrade package but even doing the bronze package at 130 bucks isn’t bad. I noticed they teach us to buy gold each week and put it in the piggy bank. This is utilizing KaratBars free storage service. Though quick math tells me that its more cost effective to buy the 5 gram bars.

Whether its each month or week its totally up to the individual.

Now I do like that you can get commissions with the free account. Once you can afford it you can upgrade. I especially paid attention to the fact that if you are ungraded to one of the packages. The cost to get to the next level is only the difference in what you have already paid.

Now I have seen that each level has more commissions attached to it. Essentially you could do the slow track and get totally upgraded by referring people and using your residual income to do so.

I always like when there’s a free approach. That’s a plus in my books. Gives you a taste and then you can strive for more. Now like any Network Marketing business you need to sponsor other people into the business. You won’t make a ton of money off the product anytime soon.

Now someone who refers you, may have an upgrade package and one of the incentives they could give you is $100 EUR card and/or 3% off bullion card as well. The 3% off is good for 12 months as soon as you start using it.

Is Karatbars International A Scam?


This company is NOT a scam. They are far from it and their expansion is impressive. They are spreading the globe like a wild fire. For lots of people investing in gold is a very safe bet.

The weak part for some people might be that on average their cost is 30% higher then market value. Well now we know where the extra money goes. To your upline and from your downline to you. So if everyone likes to fill their little gold piggy bank every month. This program will pay off.

So a quick break down. IF you do 1 gram and ship it to your door. For USA residents you are looking at 1 gram @$ 60.00 USD (current price) plus $22.98 shipping. $82.98 per gram to your door. Piggy pank is looking better already. lol For Canadians tack on the duty charges @ $31.40 and you’re over 100 bucks for 1 gram.

5 gram is $237.05 USD plus shipping $22.98. Which works out to $52.00 a gram and $58.28 USD a gram for Canadian customers. Again using the free storage would be the way to go and 5 grams is the most cost effective.

JM Bullion sells 1 gram bullion for $53.35 USD and free shipping. Of course with no affiliate marketing incentives.

So by utilizing the virtual “piggy bank” or free storage I guess we could say. Your shipping cost would be diluted in the end with a higher quantity you have saved up and withdrawn.

Bottom Line…


Obviously nothing comes for free in this world. You need to put the work in. If you are unfamiliar with affiliate marketing, network marketing or any variation there of. Its good to get proper training and advice. If you’re a novice this opportunity is still good for you. You get out what you put in. I would also suggest some training found at Wealthy Affiliate.

The reason why i suggest their free training to you. Is it applies to the Affiliate Marketing Industry, not just their site. You can easily use the information and tools they provide to grow your business no matter what the field. Knowledge is power.

So dream big and chase those dreams!

Please feel free to leave your thoughts and comments below.

Peter

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