A German courtroom has issued an arrest warrant for Karatbars Worldwide founder and CEO Harald Seiz.
Whereas we now know authorities in Stuttgart have been investigating Harald Seiz’s Karatbars Ponzi scheme, no specifics of the investigation have been made public but.
A report from SZBZ, quoting a Feb thirteenth paywalled article from Bild, states;
the courtroom should make clear the query of whether or not Seiz attracted buyers to his gold enterprise and cheated them out of their deposits.
This means that prosecutors have offered the courtroom with a case detailing the Karatbars Ponzi scheme.
The report additionally notes that Harald Seiz, a German nationwide beforehand dwelling in Germany, has since fled to Thailand.
Seiz has purportedly been corresponding with the courtroom through electronic mail. Particulars of the correspondence haven’t been made public, however apparently the case has progressed such that Seiz is now a needed fugitive.
The Stuttgart district courtroom has issued an arrest warrant towards the Stuttgart entrepreneur and former Sindelfingen villa proprietor Harald Seiz.
Karatbars Worldwide operated for years as a pyramid scheme. The Ponzi reboot built-in cryptocurrency, with an ICO introduced in early 2018.
KBC ultimately launched in July 2019. It instantly crashed and Karatbars Worldwide itself collapsed by the top of the 12 months.
An integral participant in Karatbars Worldwide’s Ponzi reboot was Chairman of the Board Josip Heit.
Heit is believed to primarily break up his time between Germany and Dubai. Whether or not Heit is below investigation by German authorities is unclear.
After Karatbars Worldwide collapsed Heit went on to launch GSPartners, initially a clone of Karatbars Worldwide’s Ponzi scheme.
Harald Seiz has tried to reboot Karatbars Worldwide a number of occasions after KBC collapsed in 2019. The final reboot BehindMLM documented was MineBase in August 2022.
MineBase’s web site stays on-line. SimilarWeb tracked a dramatic decline in MineBase site visitors over the previous few months.
In November 2022 SimilarWeb tracked 1.9 million visits to MineBase’s web site. That dropped to only 400,000 as of January 2023.
Prime sources of MineBase web site site visitors are Venezuela (20%), Germany (17%), Colombia (10%) and Ecuador (9%).