Harald Seiz presents his next endeavor: The Minebase Webinar 

On September 25th, 2023, the founder of Karatbars, now Minebase.com, Harald Seiz, makes a public appearance in an online webinar to promote his new cryptocurrency scheme. Within the first minutes of the webinar, Seiz attempts to sell  cryptocurrency as “the future” claiming there are currently over 3,000 digital currencies. In November 2019, the BaFin (Federal Financial Supervisory Authority) issued a cease and desist order against the Karatbit Foundation, based in Belize, to immediately cease its unauthorized e-money business operations in Germany. According to reports from German economic media, investors are said to have suffered a total of 100 million euros in damages. 

In the webinar, Harald Seiz attempts to persuade his audience that his new crypto business, Minebase.com, is not susceptible to manipulation. He procures potential investors through fearmongering and claims that fiat currencies will eventually become worthless. He makes the preposterous claim that due to current inflation; fiat currencies are now worth only 10% of their value worldwide. 

Additionally, Seiz refers to his so-called Minebase tokens as the world’s financial solution and claims that the so-called tokens are generated by an exclusive smart contract. He then introduces his system called “Creative Token Production” (CTP) and the “Blocktrade Protocol Fee Tracker Software” (BPFT), which is supposedly engineered to create Minebase tokens. Following this, Harald Seiz presents what he believes to be the creation and exchange prices of the so-called currency and attempts to entice potential investors by presenting a value increase based on foundationless speculation, claiming that it would go from $6.50 to $793,000.00. The system relies upon ongoing electronic wallet deposits in order to generate revenue. 

Seiz encourages potential investors to create multiple wallets and make numerous deposits that allegedly act to disguise the true monetary values funding the system. After the first 12 minutes of presenting the exchange of actual currency to his fictitious currency Seiz presents a video holding out various levels of commissions in-conjunction within the levels of the very opaque Minebase Compensation Plan. Participation in the Minebase system ranges from $100.00 to $5,000.00, and participants are induced into purchasing larger packages to gain access to greater commissions. 

Furthermore, he does not present any worthy investment, speculates the increase in value of the minebase tokens and promises returns every 3 months but on what real investment? Money is paid into the scheme, and commissions are paid out of the system, therefore the investors’ money has decreased in value from the outset. Seiz fails to provide any merit to substantiate the rise in value of deposits and claims that the token price is fixed. Moreover, he claims that the so-called token can return up to 700%. How could this be possible when the value of deposits must decrease as commissions are paid to upline marketers? 

Harald Seiz then introduces his brand ambassador, “Jimmy Larsen.” Larsen claims that the Minebase compensation plan represents a global opportunity then proceeds to attempt to sell various empty packages ranging from $100 to $5,000, which qualifies individuals for different commissions within the compensation plan. Minebase is not registered or licensed in numerous countries, therefore could not be considered a lawful global entity. Larsen’s role in the company seems to be focused on recruitment and training. There is no real product offering, no real investment, and no service – the only revenue possibility comes from commissions derived through recruitment of further victims into the scheme. 

In the closing statements Harold Seiz holds out a 90-day action plan doubling the commissions within the compensation plan, this only reinforces that the deposits paid into the system are further devalued when commissions are paid to upline marketers, investors and participants in the scheme. 


Harold Seiz claims that the minebase tokens would eventually be worth a significant amount of money .The “Minebase tokens” are essentially worthless and are likely to lead to further financial losses for investors and marketers. It is a misleading to call a deposit into a digital system a cryto currency, the conversion of real money (fiat) to digits within the back office of a website is not a currency by any economic definition, if anything it is an unregistered / unlicensed security, no real investment exists and when commissions are paid to upline marketers investments instantly lose value. If anything, it is an unregistered, unlicensed security, no real investment exists and when commissions are paid to upline marketers’ investments instantly lose value. 

Further deception lies in the terminology used, coins, tokens or whatever nonsense words that are used to attach to lines of code stored on ledgers called blockchains in an attempt to convey legitimacy or technological sophistication. The Minebase system relies upon payments being paid into the scheme that inherently lose value the moment commissions are paid to upline marketers.Seiz seeks to find vulnerable parties presenting the financial narrative of mistrust within the regulated financial system and proclaims that his Minebase system can be the future of money and create wealth.Each claim is unsubstantiated and the system without any provable real investment taking place is unsustainable. 


Minebase appears to operate a financial services business in a manner that is likely to attract unsuspecting consumers into investing in its “financial services.” However, it is not licensed in many countries where the system is promoted, meaning customers are not protected by regulatory authorities. The promised returns by Minebase are unrealistic, and consumers should treat unusually high returns with extreme caution. While Minebase accepts crypto assets as payment, it is not registered as a company, which means consumers do not have the same protections as they would when dealing with registered companies or paying through other means, such as bank transfers. Minebase encourages marketers to recruit new investors into the system. This is a classic sign of a pyramid scheme and appears not to represent a genuine investment. Allegedly, commissions are paid from investments, which is another characteristic of a Ponzi scheme. 

We invite injured parties to contact us at BE Conflict Management. 

GSPartners and cooperation partner of Karatbars is blocked by METAMASK: Observers and authorities warn against Ponzi scheme!

MetaMask is a self-custodial wallet for Defi, Web3 Dapps and NFTs that offers security features to protect digital assets. The application, encryption and protection against phishing attacks makes MetaMask a safe place to manage crypto investments. As a result, operators arguably have no problem removing online scams from their platform, as was the case most recently with three domains (g999.io/g999main.net/gspartners.global) belonging to GS-Partners.   

According to online platforms, a Security Engineer under the username “legobeat” requested on August 4th of this year that GS-Partners be added to Metamask’s blocklist. The moderator justified his request by saying that GS-Partners was selling false dreams and falsely claiming to be a PIVX author. Support Product Lead Alex Herman granted this request one day later.   

On the same day, GS-Partners protested the blocking under the username “gspdevelopment” and asked for it to be lifted on the grounds that “GSPartners.global” was a legitimate and registered marketing platform. Five days later, Alex Herman announced that the blocking of the domains would not be lifted after further investigation. Later, Herman let another user know that the blocking was explicitly due to “nefarious activity.”   

GS-Partners’ objections are demonstrably incorrect: 

Last year, for example, the Central Bank of the Comoros warned of misrepresentations about regulatory approval for offshore banking transactions by the main company GSB Gold Standard Bank.   

Earlier this year, the Autorite des Marches Financiers

Quebec warned of securities fraud on the part of

GSPartners, in the same month the Alberta Securities

Commission added GSTrade and G999 to its Investment

Caution List and shortly thereafter also GSPartners, due to

securities fraud.   

In addition, there was a warning from the British Columbia

Securities Commission for securities fraud for: GSPartners,

GSB Gold Standard Pay Ltd, GSB Gold Standard Bank

Ltd, Gold Standard Trade, Lydian World, G999, GSTrade

and Swiss Valorem Bank.   

On top of that the Ontario Securities Commission imposed

a securities fraud warning on GSPartners and Swiss

Valorem Bank. 

Not only in Canada, but also in the U.S., GS-Partners is

allegedly violating the law, since there seems to be no

registration with either the SEC or any U.S. state securities


Karatbars/AcuaWellington/GSPartners & Minebase.com – Harald Seiz, Josip Heit & Deni Gregorec! Believable coincidences?! 

Did Harald Seiz sell Karatbars to AcuaWellington after the collapse of his KBC-Coin or did he simply transfer it to himself, as is speculated in online forums?  

Karatbars’ website states the former in their disclaimer. 

AcuaWellington is an online broker based in New York. The company lists mergers, acquisitions, consolidations, asset purchases and management buyouts as its corporate purpose. Many don’t even know that Karatbars was “acquired” or that this change even occurred. However, this is most likely a sham company, which is not registered with the SEC, nor verified anywhere else. Our research and queries with the authorities confirm this. 

Source: Karatbars
Source: Reportscam.net

According to testimonials, AcuaWellington seems to operate similarly to Karatbars, as many complaints surface online: false claims on the website, T&C’s resemble those of scammers, brokers are constantly calling and urging to invest more, promised returns are too good to be true and payouts are nearly impossible. This is an obvious Ponzi scheme that has absolutely nothing to do with managing private funds, becoming shareholders, or sound financial investment. 

According to the Commercial Register of the Stuttgart District Court, Karatbars International GmbH has been insolvent since April of this year. But this is not the end of the saga: although Harald Seiz seems to have disappeared from the scene, there has been a new managing director since November last year: Deni Gregorec. He runs several other companies in London, resembling the ones of Harald Seiz and Josip Heit.  

Seiz has already formed a dynamic duo with a like-minded individual in the past: Josip Heit. The two reportedly made good money promoting pump-and-dump tokens in Karatbar’s early days, until they fell out and went their separate ways. Josip Heit went on to found GSPartners, an online brokerage that claimed it deals with cryptocurrency and blockchain technology. Unsurprisingly, this company has also come under negative criticism and was exposed online as a scam.  

Josip Heit & Harald Seiz

The evidence seems to point out that Harald Seiz, Josip

Heit & Deni Gregorec are possibly still unofficially

working together and are trying to cover up the traces of


Minebase is currently the focus of our research, almost all members of Karatbars were contacted by a Minebase team. Under “our team” on the Minebase website Dr. Hc. Harald Seiz to be read. 

Soon we will also have news on this and how it all fits together.

Have you invested in any of these companies? Get in touch at [email protected]

Yes, there is an arrest warrant against Karatbars operator Harald Seiz! But in a different matter!  

Is former gold vendor Harald Seiz escaping the law? The district court of Stuttgart has issued an arrest warrant against Harald Seiz in March of 2023 because he did not appear to submit a declaration of assets at the request of a creditor. This is not related to the failed cryptocurrency KBC.

He is said to have moved his whereabouts to Thailand. According to BECM insider sources, however, he is said to currently be in Greece and Turkey. An extradition request from Germany to Thailand is not a problem, though. The presumption of innocence applies. 

Harald Seiz planned to make it big with a gold-backed cryptocurrency. But the authorities soon suspected fraud, as there were significant doubts about the existence of said gold reserves.

The German Federal Financial Supervisory Authority has ordered that the reversal of Karatgold Coin (KBC) and Karatbank Coin (KCB) must be initiated, because the digital coins were promoted without a required permission by authorities.   

The gold distributor Karatbars, has reportedly collected 100 million euros for the cryptocurrency KBC. Harald Seiz was supposed to pay the money back to investors by the instructions of BaFin, which has not happened to date. Seitz further claimed that he did not sell the coins online but added them as a bonus when buying other Karatbars products.   

Hedging with gold can make sense because gold is considered a safe haven, meaning that it tends to retain or increase in value in times of economic uncertainty or market volatility. Gold also has a low correlation with other asset classes, which means it offers diversification benefits and can help reduce overall risk in an investment portfolio. Invest wisely and do your own research before investing in a project. It is all the sadder when a real thing is alienated and enriched to the detriment of others. 

We will continue to investigate Harald Seiz and his top marketers. 

Have you come into contact with Karatbars? Get in touch with us! Mail: [email protected] 

Karatbars International – The Beautiful Appearance!

Harald Seiz launched the gold trading company Karatbars in 2011 in Stuttgart, Germany. In the years that followed he explored other business ideas, including a smartphone series, banknotes with gold woven into them, and a gold-backed cryptocurrency: paradise for doomsday preppers. The German Federal Financial Supervisory Authority (BaFin) ordered his  KaratGold Coin (KBC) to cease marketing and fully reverse its revenue.  

At first, Karatbars focused on gold as a gift trade, rather than an investment. However, the units offered were so small that it made production too expensive and unprofitable. Later credit cards infused with gold threads (Karatbars Gold) and the IMPulse K phone, a voice-over-blockchain smartphone were advertised, though there is a widespread agreement that it was vaporware. In addition, there was KaratPAY, an online platform, K-Exchange a planned shopping community and Cashgold, which were banknotes with real gold thread woven in, which never hit the market.  

Karatbars International – The beautiful appearance is deceptive!

The BaFin noticed the cryptocurrency Karatgold Coin (KBC) because the Belize-based issuer Karatbit Foundation put KBC into circulation without having the necessary permission to do so. The cryptocurrency was traded in Germany via the Karatbit trading platform. Since the 11th of November 2019 the website states: “The decision of BaFin is in principle immediately enforceable by law. The notice is final.” Actually, Karatbars should have already paid back the investors. The renowned Handelsblatt reported investments amounting to 100 million euros at the time, to which Harald Seiz replied that he would not follow the authority’s order.  

KaratGold (KBC) is a cryptocurrency that has been in circulation since 2018. Karatbars International also announced it had purchased a bank in Miami. The claim that KBC is backed by gold was retracted. It was also reported that the unlicensed Miami bank had purchased a gold mine in Madagascar, but the documents proving the purchase appeared to be falsified. It said that the mine in question was not mining gold, but titanium and zircon mined by another company. 

KaratBank Coin (KCB) is another cryptocurrency issued by the foundation in Belize. The KCB is intended to be a blockchain-based investment that combines the benefits of gold and cryptocurrencies. The coin is said to be digitally tradable and based on a certain weight of gold. Karatbars International claimed that KCB can be exchanged for physical gold or any currency at any time. However, this cannot be verified now as the coin is no longer traded.  

KaratGold and all related companies have failed, and every affected victim should secure their return on investment.  

Do you have experience with Karatbars? Contact us: [email protected]