Harald Seiz founded Karatbars in 2011, but all related companies have failed and every aggrieved party should secure a refund of their investment. This company construction is a true chameleon, new idea results in a new company. About credit cards with integrated gold threads, fake purchases of gold mines in Madagascar, alleged bank purchases in the USA, the KaratBank Coin without a trading platform or physical gold as security for deposits. Nothing worked.
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Because everyone is doing it – the bandwagon effect
It is a widespread human behaviour: we often follow the lead of others because we assume that the majority cannot be wrong. However, it is precisely this phenomenon that is deliberately exploited in cases of MLM (multi-level marketing) fraud. Many victims report that they allowed themselves to be infected by the euphoria of others. The […]
Why we believe that bad things only happen to others: the optimism bias
People believe that bad things happen less to them than to others. They are therefore too optimistic – even when there is actually no good reason for it. In the case of fraudulent MLM schemes, it works like this: A trusting investor thinks: ‘The cases of fraud I hear about may happen to others, but […]
Confirmation bias: why we always want to be right – the confirmation bias
As the second Sunday of Advent approaches, we would like to shed some light on a topic that encourages people to critically question their own behaviour. If you have invested in systems such as Lyoness, Lyconet, myWorld, HyperVerse, GSPartner, Karatbars, Safir, Zeniq, Xera, XeraPro or XPro, the following Advent posts may encourage you to reflect […]
Ponzi schemes and pyramid schemes & the cognitive biases: how our brains can trap us
On the first Sunday of Advent, we would like to shed some light on the matter – a light that might encourage people to critically question their own behaviour. If you have invested in systems such as Lyoness, Lyconet, myWorld, HyperVerse, GSPartner, Karatbars, Safir, Zeniq, Xera, XeraPro or XPro, the following Advent posts might help […]
Josip Heit, formerly Josip Curic – financial fraud, prison sentence, name change, and a settlement to gain some time for GSPartners
Josip Heit, formerly known as Josip Curic, was sentenced to prison in Luxembourg for financial fraud. After his release, he changed his name and was able to gain some time for GSPartners through a settlement. The companies associated with Josip Heit include Karatbars International, GSB Gold Standard Banking Corporation and GSPartners, among others. Heit was […]
GS Partners deactivates its website after several injunctions.
GS Partners reportedly took its website “gspartners.global” offline in mid-March 2024. This action comes as little surprise as the company and all of its subcontractors have been hit by regulatory fraud warnings and investigations. The Swiss Valorem Bank website was deactivated at the beginning of January this year. Last November, the TSSB (Texas State Securities […]
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 […]