Karatbars International appears to be imploding due to infighting.

Founder and CEO Harald Seiz has also had a video meltdown.

I’ll be upfront in stating we’re not really sure what exactly has gone down with Karatbars, but the beef appears to be between Seiz and Josip Heit.

Harald Seiz took to YouTube with a video titled “BREAKING NEWS from CEO Harald Seiz”. The video was uploaded to Seiz’s new YouTube channel on December 19th.

Karatbars International previously had its own official YouTube channel, however that appears to have been entirely deleted sometime over the past few days.

Karatbars’ official Facebook page is still up, so we’re assuming Seiz didn’t have access to the YouTube channel. Seiz only created his YouTube channel on December 18th.

I’ll be honest, the first minute or so of Seiz’s meltdown is unintelligible rambling. Then things get interesting.

[0:56] In the past there were often enough little hints and signs about what was going on in the background.

Which you noticed but didn’t really register.

Only gradually did it becomes [sic] clear to you that something had to change.

I had to realize that in some things we were far from perfect.

All our trust, my trust, was abused.

In my name and in the name of Karatbars family things were done for which I knew nothing and which I had not wanted.

I’m going out on a limb here and suggesting Seiz is referring to events post his
KaratGold Coin 1 gram of gold broken promise disaster
(July 2019).

That means Seiz could be referring to:

Karatbars International
lying to South Africa’s FSCA
;

the bungled
Freebay v999 Ponzi token reboot
; or

some other disaster we’re not aware of.

Since July 2019 Karatbars has also received regulatory attention in
Namibia
,
New Zealand
,
Canada
,
Germany and South Africa
.

Seiz continues;

[1:37] I have faced the consequence. I have separated myself from all those who misused my name and the name of the Karatbars family, for great profit, empty promises and plain nonsense.

I have parted company with those who claim to be a part of the leadership, uh when they never were.

And I have parted ways with those who simply stole my ideas and vision, used them for their own profit, an d have used and are using the entire team’s developments and work for personally profiling of covering up unserious [sic] businesses.

That 
sounds
like Freebay but Seiz doesn’t go into specifics. After babbling on about fraud, Seiz does promise that “nothing like this will ever happen again”.

[2:58] What we do, we do for the people, for our families, for our children, for freedom and independent.

Together, we will make it. Together we are powerful.

Keep in mind Karatbars started off as a pyramid scheme. It then morphed into various crypto Ponzis and that’s it. That’s the entire history of the company.

And keep in mind the primary financial benefactor of Karatbars’ various fraudulent business models is and always has been Harald Seiz.

But uh yeah, Karatbars is

🤖 Quick Answer

What happened to Karatbars International?
Karatbars International experienced internal organizational problems involving leadership disputes between founder and CEO Harald Seiz and Josip Heit. The conflict became public when Seiz posted a video statement on a newly created personal YouTube channel in December, as the company's official channel had been deleted.

Why did Harald Seiz post a video statement?
Harald Seiz created a YouTube video titled "BREAKING NEWS from CEO Harald Seiz" to address the situation at Karatbars International. Unable to access the company's official YouTube channel, Seiz established his own channel on December 18th to communicate directly with the public about the organizational conflict.

What happened to Karatbars' official YouTube channel?
Karatbars International's official YouTube channel was entirely deleted within days preceding late December. The deletion prevented CEO Harald Seiz from using

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