Karatbars Scam - Does it Make Sense to Be a Scammer?
What's Karatbars International?
Karatbars International CEO Harald Seiz founded Karatbars International GmbH (Germany) back in 2011 .
Dr. Harald Seiz, a German-born financial and investment advisor, has been a success story since 1983.
In 2016, Mr. Seiz was awarded Senatorial Honours by the Hathe Federal Association for Economic Development and Foreign Trade.
Seiz, an entrepreneur driven by a deep knowledge of the global financial markets, has been investing in gold since 2016.
This concept is reflected in Karatbars International’s product portfolio
Gold should be an affordable, long-term investment.
What do Karatbars sell?
Karatbars sells gold bars and gift products in purity of 24 Karats 99.9% in the following gold bullion coins:
They come fully insured and will be delivered to the address provided by the customer.
Each bar of gold has a trademark symbol as well as the imprint of the quality assurance company. Hologram stickers can be found on the back of plastic cards for extra security.
Karatbats also offers Classic cards. These cards are made of one-gram gold and attach to high-quality cards.
Karatbars is especially interested in small-sized, light-weighted products because they are easier to transact with and can also be used for payment or exchange.
The Collector Karatbar is another popular product from the Karatbars Group. These cards contain gold nuggets.
Collectors who love Karatbars should look into them. These limited editions will go quickly and are expensive.
You may exchange your gold for cash at Karatbars or any other registered K-Exchange center.
What are KCB coins? Is KCB A Good Investment?
KBC, a cryptocurrency that uses blockchain technology, can be used for electronic payments. It is available to anyone who considers gold to be a reliable, secure, and trustworthy medium.
Mixed Reactions To KBC Investment
KBC Coin can be considered a great investment as it is backed by gold.
It is considered a poor long-term (1-year) investment because of its low market capitalization. High-risk investment option.
Some believe that the price of the Karatgold Coin will fall from 0.00550 USD to 0.000561 US dollars. This would be a bad investment as it will lead to a drop in value of -89.796%.
It's possible that the analogy and prediction of it replacing or surpassing Bitcoin in the near future won't be realized.
The KBC Coin could crash because of its low price and small market capitalization in the next bear market cycle. The KBC Coin may not reach $1 in one year if current market conditions are maintained.
On the other hand, Advocates claim that KBC Coins have a high likelihood of making a profit. It is possible that the KBC Coin could reach new all-time highs.
The KaratGold Coin, a cryptonyzed version of gold, meets all international requirements. In the future it will be possible for it to be exchanged for fiat currencies or cryptos.
KBC Coin is safe, reliable, and borderless. It is also possible to transfer it in real-time.
Is Karatbars A Legit MLM? Or Is Karatbars A Scam?
In The Money Show's Bruce Whitfield pyramid scam interview, Warren Ingram. Galileo Capital Executive Director is Warren Ingram.
"They are talking about desperate people..." It's very unclear... This is where criminals could make a lot of money... Extreme caution is advised.
Warren Ingram [Galileo Capital]
Bruce Whitfield interviewed a listener who was in Cape Town at the Karatbars conference.
I was invited to attend the conference... It was not what I expected. It was almost as if I was on stage with a rock star.
Susan Miller [Karatbars Conference Delegate]
Bruce Whitfield also spoke with Tony De Gouveia, one of Karatbars International main South African affiliates.
This is not a pyramid scheme... Karatbars won a Canada appeal...
When people in my network buy the product, I get paid. I'd venture to guess that there are more than 10 000 South Africans in Kartbars buying gold.
Tony De Gouveia [South African affiliate - Karatbars International]
Is Karatbars A Pyramid Scheme?
Karatbars International was flagged by the Bank of Namibia as a pyramid scheme.
Namibia's primary financial regulator is the Bank of Namibia.
After an investigation, the BON released a media release stating that Karatbars International had been identified as a pyramid scheme.
The Banking Institutions Act prohibits pyramid schemes in Namibia.
Because they are part of a pyramid scheme, the NOB has banned Karatbars International as well as its promoters (from doing business in Namibia).
South Africa's FSCA made a dramatic turn and stopped trying to regulate Karatbars International.
Karatbars told FSCA, in response to its initial warning regarding securities fraud in November 2019, that it sells two products: gold bullion and a crypto-asset.
The FSCA warned Karatbars, its affiliates, had heavily promoted KBC shitcoin’s passive investment potential.
FSCA appears to have taken Karatbars claims at face value instead of investigating them. This would have shown that KBC promotion dates back at most July 2018.
The FSCA published an update on December 13, 2019 stating that Karatbars products are not considered financial services or products.
They have not been registered with FSCA, and therefore are out of their jurisdiction.
In 2019, a German watchdog ordered Karatbars to shut down its blockchain-based business. It was accused of misleading customers into joining a pyramid scheme.
Karatbars International was warned by the Ontario Securities Commission about securities fraud in July 2020.
The OSC warns Karatbars International and Karatbit (including Karatbit Exchange) are not licensed or recognised in Ontario, Canada to engage in the business selling or buying securities.
Karatbars International was warned by Canada's AMF about securities fraud in March 2014. This resulted in an outright ban in 2016.
OSC's most recent warning appears to be a repetition from Karatbars International’s illegal solicitation of investment from Canadian citizens.
Karatbars announced, in response to regulatory warnings from South Africa, Namibia, Germany, and South Africa in the past few decades, that it would change its name to Freebay in September 2020.
This reboot comes in the wake the huge investor losses that followed the 2019 KaratGold Coin Ponzi Coin Launch.
V999 is a Ponzi token Karatbars use in order to defraud investors. It's now on Freebay
Can You Make Money in the Karatbars Compensation Plan?
There are many ways to make money in Karatbars’ Compensation plan.
Distributors earn package commissions on every package sold to distributors.
- Silver package commission 60 EUR (approximately 170).
- Bronze package commission: 150 EUR (approximately 170).
- Gold package commission: 300 EUR (approximately, 340).
Distributors get Unilevel Commissions proportionally to the money they spend with distributors below them based on their rank.
A distributor's unilevel commission rate is 0.5%, with a maximum limit of 5.5%.
Distributors may earn binary commissions based upon the downline's spending using a binary compensation model.
Once each leg has sold a certain number of units, they are then distributed generationally.
Worldwide Turnover Bonus
It is not clear how the pool is distributed among distributors. It does not help that the compensation plan is in place.
This seems to be a bonus pool of 5% that is 95c per gram gold that Karatbars has sold.
This pool is made up of 1% Karatbars International lump sum purchase of gold. This includes individual and package gold purchases exceeding 50 EUR (55 span>
A distributor must have at minimum three unilevel legs and at least 9000 points to be eligible for the gold pool.
The points are divided by 1,000 to determine the number of Gold Pool shares distributors have access to.
The Karatbars compensation program is very complicated. It spans 25 pages. It is difficult to imagine what information a sales representative or distributor would need to close a deal.
That sounds complicated.
Yes, it is.
It shouldn’t take that long to get money and it shouldn’t take so long to figure out how much you owe.
How much does it cost to join Karatbars?
Karatbars membership is free, but you must purchase one of their packages to get their commissions.
The price of each package will depend on the content, products and bonuses that you select.
What is the biggest difference between packages? A bronze package will pay you about $10. A VIP package will bring you more than $100.
Is Karatbars International still illegal in Canada?
Karatbars in Canada are still banned, so far as I know.
In July 2020, the Ontario Securities Commission issued a warning to Karatbars International about securities fraud.
Karatbars Scam Review - Should You Invest In Karatbars Gold Bars Or Not?
According Investopedia, gold is a good investment.
It claims that gold (1) retains its value even when it is devalued like 2008, (2) protects from inflation, and (3) is nearly immune to political problems. (4) The demand for gold will only rise.
Karatbars makes investing in gold easy by providing small quantities of gold bars.
Karatbars allows you to purchase as little as 1 gram. Most people start with 1 ounce.
Karatbars rates per one gram of 24Kgold are approximately 60 EUR or $66 USD. At the moment, the price per gram is about $40 USD.
Karatbars increased their gold prices by half . This means that you don't have to buy gold from them regularly if you are looking for financial gain
Karatbars doesn't have a product.
They use smokescreens to conceal the fact that Karatbars MLM is an affiliate program where a new recruit transfers money directly to the founders, who then share a portion of the profits with an older affiliate.
The MLM company is at risk of becoming a pyramid scheme.
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The program was praised by our review team!
It is digital, but it's not real estate.
Karatbars is lacking in scalability.
Time is limited and there are only so many people you can reach.
MLM companies get this. MLM companies will encourage you to recruit other people for your downline. It's not possible to make it big if you are a one-man/woman business.
Imagine making more money with your local websites. You don't have to spend hundreds of dollars on high-end products or spend a lot of time finding people who will work under your brand.
You can make a regular monthly income with this digital real estate program, even if your friends and recruits don't buy as often.
Does this sound too good to true?
Yes, it does! Many business owners wish they could do this skill.
It is easy to build and rank your local website and then forward the jobs on to business owners.
This applies for any service-based business like tree service, plumbing or towing.
How can you get paid the most?
The concept is simple: once you send the jobs to a business owner and he makes money, you can ask for mutual benefits.
A fair price per lead depends on the industry. Let's use the tree service industry to illustrate the worst-case scenario.
Let's say you rank the site and receive only 10 jobs per year. Tree service jobs range from $500 to $2000.
You should have at most $500 in assets per month!
It is digital real estate. This refers to a rent payment.
Scaling is simple. No worries:
Do you remember Karatbars. You only get what you have left after reaching a monthly quota...
Take the course we recommend to get massive FLAT RATE DEALS. This passive income is really amazing!
This program will help you make money online.
Find out the importance of keywords, website names, how you can send emails notifications to your calls, backlinking and other details.
Once the training program has been completed, you will be able to access a Facebook Group we believe is better than the Karatbars Multilevel Marketing (MLM) group
You could earn 10-20x more at Karatbars.
Businesses will always require more leads and jobs. They see it as it really is...expanding the digital estate.
Similar to Karatbars, but more people can leave their 9-5 jobs.
While passive income can be earned from digital realty, most of your time will be spent getting to know your friends and not trying to sell them.
There are likely many questions.