After months of hyping up a transition from a gold ruse pyramid scheme to MLM crypto Ponzi, on July 4th, 2019, Karatbars International held its “Gold Independence” event.
KBC, a token Karatbars International had promised investors would be able to exchange for gold,
plummeted 62% within 24 hours
.
Karatbars International founder Harald Seiz was nowhere to be seen. Instead Josip Heit, Karatbars’ Chairman of the Board, was sent out to face investors on July 8th.
Heit was partially honest in blaming Karatbars International’s collapse on “scammers”. Neither Karatbars International, Heit or Seiz took responsibility for investor losses.
Meanwhile in the lead up to Karatbars International’s “Gold Independence” disaster, gunshots rang out in what appears to be a targeted attack.
As
reported by Ostro
, a Hungarian publication, on October 24th;
In June of the same year, Croatian citizen Deni Gregorec, known to the local police for extortion, fraud and forgery, filed a police report against a partner in Karatbars for embezzlement.
Ten days later, someone tried to kill that partner. He told the police that he had hired a bodyguard because he was afraid of Josip Heit.
Like Heit, Deni Gregorec is from Croatia. Whether Heit was the Karatbars partner Gregorec filed a police report against is unclear.
Another October 24th article
, from the German publication Sueddeutsche Zeitung, details how Marvin Steinberg, another individual tied to Karatbars International, hired a bodyguard due to far of Heit.
On June 15, 2019, Marvin S., a marketing expert hired by Karatbars, was drinking a glass of whiskey in his Mainz apartment.
He would later tell investigators that he was going to have his bodyguard drive him to a club that evening.
Shortly after 11 p.m., he received a call. The bodyguard told him to call the police immediately. “Shots were fired.” Shots were fired at the car.
In his interrogation, Marvin S. stated that he had long had doubts about the legitimacy of Karatbars and wanted to leave.
As a result, the Karatbars officials dispatched a man to take on the rough stuff, a Croatian known to the police for, among other things, robbery and extortion, to threaten him with murder, as S. claimed to have perceived it.
He was afraid, especially of Josip Heit. The people behind Karatbars were “unpredictable” to him.
Business documents obtained by the Süddeutsche Zeitung show that tens of millions of euros flowed from the Karatbars group of companies to a company controlled by Heit.
Karatbars’ controlling partners (Heit and Seiz), turned around and accused Steinberg of embezzlement.
The Croatian man who allegedly threatened S., the man who did the heavy lifting, filed a corresponding complaint at the time.
The investigation against S. was later discontinued. Officials write in a report that it cannot be ruled out that an attempt was being made to present “a scapegoat for the defrauded investors.”
The investigation into the nighttime shots was also dis
🤖 Quick Answer
What happened during the Karatbars International "Gold Independence" event on July 4th, 2019?Karatbars International held its "Gold Independence" event on July 4, 2019, marking the collapse of its MLM crypto Ponzi scheme. The KBC token, which investors were promised could be exchanged for gold, plummeted 62% within 24 hours. Founder Harald Seiz was absent, and gunshots were reported in a targeted attack surrounding the event.
Who is Josip Heit and what role did he play in the Karatbars International collapse?
Josip Heit served as Chairman of the Board of Karatbars International. On July 8, 2019, four days after the "Gold Independence" event, Heit was sent to address investors in place of absent founder Harald Seiz. He partially
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Harald Seiz
Josip Heit