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Media about Karatbars fraud

Karatbars purged these articles from the media because of the questions and criticism expressed in the articles. No company can suppress public opinion, so you can read these are backed-up versions of the materials.

Karatbars — Where They Buried the Truth
The fraudu world have long gone, scam projects have sunk into oblivion, where only serious companies have survived on the market.

Karatbars Buried the Truth
The fraudulent times over the ICO world haveover the ICO world have long gone, scam projects have sunk into oblivion, where only k into oblivion, where only k into oblivion, where only serious companies have survived on the market.

Global Investment Reports on Karatbars

Part 1

Why the promises about gold mines are false?

Part 2

Karat’s theft of intellectual property and counterfeit reports

Part 3

Why KBC coin is at its most volatile?

Part 4

Why is Karatbars on the verge of insolvency?

Karatbars is another pyramid scheme lining the pockets of its creators based on empty claims of the non-existing gold reserves backing each investment.

See the reasons below or read the independent financial report immediately

There is actually no gold reserve to back any investment.

The declared quantity of gold, namely 700 tons of gold stored in GuineanMine is clearly overstated  because as it is shown in the report the total gold reserve of the whole country of Guinea is 700 tons, with top annual production being 8-10 tons only. As well as Karat Coin Bank itself states that there might be no such gold. See full information in the report below.


According to the KBC White paper, the mine is Madagascar is valued at 5 billion Euro, whereas in the KBC audit and evaluation papers if states that its value is 0,94 billion Euro, which is one-fifth of the amount claimed. Similarly, the reports issued by the Karatbars team, in particular, the report on the valuation of KBC foundation is plagiarised from another project Basinvest from Switzerland that is in no way related to Karatbars.

4th of July hype scheme

Harald Seitz announced that on July 4, 2019, KBC coins can be exchanged for physical gold at the rate of 100 KBC = 1g. With numerous new affiliates getting more KBC, on the 4th of July Seitz then claimed that he was misunderstood and they would only be able to “claim” their gold. In other words this was another empty promise that lead to KBC rate free-fall.

Who stands behind this scheme?

Brazen machinators Josip Heit, Harald Saiz, Alex Bodi, and Ovidiu Toma hide behind the presumably German trust-worthiness and profit form this Ponzi.

Josip Heit

Harald Seiz

Alex Bodi

Ovidiu Toma

Why should I trust this website?

This website is created by an independent research group aimed at protecting people from enriching another crypto-fraudsters using the hyped topic of exorbitant profits that holds nothing but another scam.

Where can I see further proof?

There are three reports produced by independent financial groups. In the three reports, the apparent fallacies are explained, and the excerpts of the relevant documents are presented. Also, check other resources explaining why Karatbars is a scam and fraudulent scheme.

If this hasn’t convinced you yet start asking questions — all of the above questions and concerns now.

In your groups, chats, message the founders directly and see whether any response arises.

There is the whole community of people who argue that Karatbars is fraud. Learn more in the reviews below

This site is for everyone who fell victim to fraud KaratBars and is not looking for the ways to bring Harald Seiz and his team to responsibility. Here you can report the situation you faced and unify your action with other unfortunate Karatbars affiliates who’ve also suffered from the scheme.

Please describe your problem in detail, including the information for how long you’ve been

Did you take any actions to withdraw funds or to hold KaratBars responsible? (e.g. called the police, wrote to KatarBars support directly, created blog article describing the situation). Please be specific 2

If you have any relevant information not covered by the questions above write it here 3