Karatbars International GmbH is situated in Germany and is not permitted to provide financial advice or act as an intermediary in South Africa. Karatbars use a multi-level marketing (MLM) system, while it prefers to be described as an e-commerce firm with an affiliate network.
Is Karatbars A Ruse?
Namibian authorities called Karatbar a pyramid scam in May, while Florida’s financial agency disputed last month that the German business had been granted a banking license. The Financial Sector Conduct Authority (FSCA) of South Africa issued a warning to the public on Monday not to engage with the firm.
Is Karatbars A Reputable Business?
Karatbars should be avoided AT ALL COSTS. They may look to be a respectable firm, but they are fraudsters, and Karatbars is a pyramid scheme. After 9 months, I realized that too many people were shifting the goalposts and purposefully overloading you with material that, for the most part, made no sense.
What Happened To Karatbars?
Karatbars International GmbH is situated in Germany and is not permitted to provide financial advice or act as an intermediary in South Africa.
Is It A Smart Idea To Invest In Gold?
Although gold’s price might be unpredictable in the short term, it has always held its worth in the long run. It has functioned as a buffer against inflation and the depreciation of major currencies over the years, making it an investment well worth considering.
