Bitcoin Forum

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I am not the author of this thread; it is a requested repost. I will be updating the OP with more information as it gets received, which will create a good thread basis for me to flag the project (there already is enough). I can not use someone elses thread for this purpose.

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Project website: https://karatgold-kbc.com.

It's just unfortunate that it's already traded on some exchange, but it really looks like another Bitconnect coin in the making, I lose so much on Bitconnectcoin and so are my friends, we should stop anything that resembles Bitconnectcoin.

I did invested 4% of my savings on Bitconnect and lost. I appreciate "Lauda" for Sophisticated analysis on projects and sharing the warning sign. It precaution us not to trust before we believe and this also adds a value for our analysis when we trust any project.

The project presented as people couldn’t say that they are fraud.For now some people already have invested here & all these investing is going to a waste.Bitcointalk member should look over the matter that how fraud team could enter this place 

At least, now it is already shared in the entire crypto community so that there will be no more people get scammed by this project. And I hope, this information will give us more ideas to be always be careful and be very wise in choosing a project to invest because if this will continue, there will be no future on this kind of invesments.

We require such reputed managers in the forum to be in Safer move with the projects, this brings enough awareness as the stake of proof enables a clear understanding about this SCAM in the crypto community.

The project has already been compromised and also DT knows this. This is just one of the many cases which needs to be stopped because it can gives a negative feedback.

Independence Day Scam? They have enabled a privacy safety adding https for their website but instead of scamming by taking others money better to focus on innovative aspirations. Utilizing the forum with a project search ensures a complete understanding before investing.

I agree. There should be concrete ways and solutions to demolish this kind of project here in crypto space so that there are no more people will get scammed by this team. It should be also posted in various social sites so that everyone will be aware and safe with this.

Great, it's a good thing to know that those DT know those scam projects. Well, hopefully each and everyone of us must aware since there are a lot of scam project here in bitcoin community.

This is an obvious behavior because some team didn't even defend the accusations, so therefore they really are guilty with their actions. Hoping there will be more to be captured in order to maintain the good credibility when it comes to this kind of business.

Good point there buddy. If they didn't even try to depend themselves with this matter, then what? Of course it only mean that they are really scammers and the projects is a scam, just a trash here in the crypto community that people should be aware of.

This is just like them marking themselves red already I mean if they are aware of this and they just kept a blind eye it only means they are already exposed Literally you are suppose to depend yourself when things like this comes up

They are running their advert even on coinmarketcap ( same way bitconnect was constantly doing), the mmost compellin fact that this is a scam is the fact that the quoted listed number belong to someone else. People need to be warned. Will publish your findings on my blog.Thanks for the information

I would say, maybe those part of the team already know this kind of accusation in which they have nothing to do to defend their selves as they are definitely guilt on their illegal doings. As the name of the project makes some users caught since it is gold and to make us curious about it. Well, I hope we must aware on this kind of scam project.

It’s all fake it’s a scam. KaratGold is the biggest scam of all times. All that these people have done is steal our money.

i don't think is a scam because John McAfee works for KBC
he say it here https://twitter.com/officialmcafee/status/1130837869399085058?lang=en
and he says KBC is legit https://www.newsbtc.com/2019/06/03/john-mcafee-tweets-a-good-review-of-the-karatgold-crypto-ecosystem-which-is-backed-by-karatbars-germany/

Somebody hired a thread bumping service to bump a scam accusation? That's new.

Everything is possible on this forum apparently.

EVERYONE PLEASE READ

The person or persons who have posted these (if you do a search you will find several of the same posts on this forum under different usernames) is a troll who is on a smear campaign spreading false information. Please go visit his Facebook page and look at how many complaints have been made against them. More than that, they obviously hired several people or used to bots to artificially inflate their Facebook rank from 1 (just a few days ago) to 4, with many users from Pakistan and India posting the same message "I highly recommend to all" VERBATIM. These messages have now been removed, but this person or persons is extremely deceptive and seems to be riding a wave of publicity for their own ends. They fabricated such much info, such as the lie that Karatbars committed a felony for not having been registered in Miami Florida as a cryptobank. IN FACT, if you read the Karatbars WhitePaper, this cryptobank is expected to open late July 2019 and is currently in the process of being licensed. Please read the Karatbars Whitepaper for evidence of this.

This person is extremely disengenous and deceptive, I highly advise anybody reading this to do due diligence. Karatbars is an honorable company, and it is a shame that people like him can seek to tanish all the hard and sincere work that legitimate companies like Karatbars have been doing. This person is playing is fire, as they have been reported and the German authorities are looking into this.

Are you kidding me? Fuck off with your bullshit and newbie account. This is a scam until proven otherwise, and any appearance of Karabats should be tagged and flagged. The project is worse than the ThoreCoin (https://coinmarketcap.com/currencies/thorecoin/) scam.

Yes, the best defence for a legitimate company is to threaten "this person" (I'm assuming you're referring to me). A "bank that will be" registered in Miami Florida, reporting me in Germany, neither places which have anything to do with me. ::) I guess you want more nice PR for this scam.

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Pulling this in from another thread:

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https://bitcointalk.org/index.php?action=trust;flag=487
https://bitcointalk.org/index.php?action=trust;flag=488
https://bitcointalk.org/index.php?action=trust;flag=489

Two of the three accounts are fraudulent, or the company purely consists of idiots that can't remember 1 password.

No reputed Media have covered this project as a scam 
All refrence sites are either free or have paid.

you need to present solid proof

"Reputed" Media is only paid propaganda, nothing else. This project is a scam until proven otherwise as checked by independent third parties (e.g. any user not related to any project).

This ensures the written evidence and if the media is reputed there will be no 3G Scams and the media knew telecasting information on below poverty line will deliver no reputation for their channel. 4th July Independence Day was an another scam which is booming in digital era and the proven user metrics with a red flag is merely assured enough to understand this scam.

Let's all be aware and stretching out our own hands to help others to be aware of this kind of warning which have not just us who sees it but other experts. 4th July Gold Independence Day was scam! Justifiable actions can reach further. Let's help each other to get away from scam like this matter.

If the story with bitconnect is repeated, it will be a large-scale fraud and will entail criminal liability.

Indeed. A large scale and hard to stop matters like this should be put into priority first and let the experts pur solutions for this immediately.

That is right. For now, for people like us that are just looking for crypto projects for our own needs and wants, the only thing I thing we could do is to have our hands on this, helping each other to be aware and alarm for this kind of scam.

Yes you are right. And i think this will be repeated as per this secenario. Many of such scam project are coming to market everyday so i think the forum has to take strict action towards such projects.

Well, that is right. Experts are the one capable to detect it and make the initial action for it before it spread in the crypto community. By that, we can reduce if not totally, the spread of scam projects here in the crypto world.

Is there already been investors that have been scammed by this project? I am just curious and hoping some would share there experiences and how much money that they have lost.

I think there is so much evidence to prove that this project is scam post & they are fraud.Though it is also my concern to that how many people loss their money to this project

Seiz made bullshit marketing claims to pump KBC. KBC pumped but nowhere near enough to cover 1 gram of gold. So now Seiz has to backtrack and come up with excuses.

did you know this - https://marvinsteinberg.travel.blog/

looks like he is the culprit

Maybe, but there's two sides to that relationship story, which has just been to court in Germany.

https://medium.com/@marvinsteinberg_87142/judicial-success-of-steinberg-marketing-gmbh-against-the-attacks-of-karat-gold-cooperation-pte-f33d000c1938#1c04

My take on Karatbars is that I wouldn't trust Harald Seiz as far as I could spit.

100% Agreed that Karatbars is a complete scam. But it's so ironic that it's been posted by a known scammer.

Someone claiming to be Marvin Steinberg has decided to share with us here. (https://bitcointalk.org/index.php?topic=5191458)

https://bitcointalk.org/index.php?action=trust;u=1464852
https://bitcointalk.org/index.php?action=trust;u=1891959
https://bitcointalk.org/index.php?action=trust;u=1167504

Please support the flags on these users!