Harald Seiz keeps launching the same scam with different names.

The German operator built his fortune through Karatbars International, a gold-themed pyramid scheme that started in 2011 and morphed into cryptocurrency fraud by 2017. Around that time, Seiz partnered with Josip Heit and Gold Standard Bank. Together they pushed the KaratBank ICO in early 2018—it crashed. They tried again with KaratGold Coin, launching on July 4th, 2019 with a promise that 100 KBC tokens would redeem for 1 gram of gold. The launch was a disaster. The token dumped 62% in days and Seiz never honored the gold redemption.

After months lying low, Seiz and Heit resurfaced in 2020 with Gold Standard and a new token called G999. When those plans fell through by September, Seiz pivoted to Freebay and V999. The partnership with Heit fractured around the same time. Heit took G999 to GSPartners while Seiz watched Freebay collapse by year's end, triggering a very public meltdown.

Six months of silence followed. Seiz resurfaced in June 2021 with Lifebase. It lasted a few months before collapsing too. In December 2021, he emailed his victims promising a proper Karatbars reboot that never materialized.

Instead, Karatbars victims got contacted by someone named Acua Wellington in April 2022. The specifics are murky, but this looked like a classic recovery scam—the kind that preys on people already burned. Seiz likely sold his affiliate database to make it work.

MineBase launched in August 2022. The debut was so poorly executed it appeared to be another recovery scam, which suggests Seiz is working with Russian scammers this time around.

The operation runs through two domains: minebase.io, privately registered May 1st, 2022, and minebase.com, originally registered in 2014 with private registration updated April 28th, 2023.

By mid-2023, MineBase was still operating. A more developed MLM structure prompted requests for an official review. What matters here is the pattern. Seiz's various schemes have drawn serious regulatory fire. Canada issued a fraud warning about Karatbars International in 2014 and later banned the operation entirely, issuing fines to several operators. The US Securities and Exchange Commission also took action. Seiz himself faces an arrest warrant in Germany.

MineBase is the same horse Seiz has been flogging for over a decade. The scam rotates tokens and names. The victims stay the same.

🤖 Quick Answer

Who is Harald Seiz and what is his business history?
Harald Seiz is a German operator who initially built his fortune through Karatbars International, a gold-themed pyramid scheme founded in 2011. He subsequently transitioned into cryptocurrency ventures, partnering with Josip Heit to launch multiple failed blockchain projects including KaratBank ICO, KaratGold Coin, Gold Standard, and G999 between 2018 and 2020.

What was the KaratGold Coin project and what happened to it?
KaratGold Coin was a cryptocurrency launched on July 4th, 2019, with the promise that 100 KBC tokens would redeem for one gram of physical gold. The project experienced significant failure, with the token's value declining 62% within days of launch. Seiz did not honor the gold redemption commitments made

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