Forums Work From Home Business Forums KaratBars International
  • Topic: KaratBar International Warning in Canada

    Back To Topics
    (0 rates)
    • October 28, 2014 1:31 PM PDT
    • KaratBar International Warning in Canada

      There was a warning issued in Canada regarding KaratBars as an investment program.

      So far, no warnings have been posted in the US, but typically the SEC doesn't issue warnings - they take action. Since I want to be fair, I want to point out there is currently no indicator that any such thing will happen.

      From what I've seen of KaratBars, there is actually a physical product being sold - the gold ounces embedded in a credit card style delivery medium - so the only snag I reasonably foresee them running into is if it is being offered here as an investment opportunity as well.

      That's a whole separate animal from the standard business opportunities laws, which just get the local Attorney Generals interested. If a company starts tweaking their nose at the securities laws, well, then their executives can end up like Paul Burks at ZeekRewards.


      Warning - Karatbars investment program


      Thursday, March 20, 2014


      Montréal – The Autorité des marchés financiers ("AMF") urges Québec investors to be cautious about an investment program linked to the German company Karatbars International GmbH whose investment products are primarily promoted through conferences, the Internet and social media.


      With the company's "Affiliates" program, investors can make Internet-based purchases through Karatbars plans and they are encouraged to recruit two other Affiliates. These Affiliates are in turn encouraged to recruit two other Affiliates each, and so on. Affiliates are lured by the possibility of earning large payouts, in particular through a percentage of amounts collected from the Karatbars plans and gold products purchased by referrals.


      The AMF reminds investors of the risks involved when investing in companies such as Karatbars that are not reporting issuers and do not hold AMF registration or authorization. Quebeckers should therefore be cautious with product offerings from Karatbars since they might incur losses that are not covered by the financial services compensation fund or deposit insurance.


      The AMF is closely monitoring this matter and will take any measures deemed necessary in the event of violations under the laws it administers.


      Reminder to investors


      As part of fraud prevention month, the AMF wishes to remind investors of the importance of being cautious before making an investment (document in French only) regardless of where the firms or individuals offering investments are based. Investors should make sure that firms and individuals acting as intermediaries are authorized to do so by consulting the register on the AMF website or calling the AMF Information Centre.


      The AMF further reminds consumers that the gold market in which Karatbars operates is a complex market. The value of gold can be influenced by social, political or economic events, as well as numerous other factors. This market is not for every investor, and if someone tells you otherwise, beware.


      If you believe you have been defrauded through an investment in Karatbars, we urge you to contact the AMF Information Centre.


      The Autorité des marchés financiers ("AMF") is the regulatory and oversight body for Québec's financial sector.


    • November 6, 2014 5:51 PM PST
    • KaratBar International Warning in Canada

      It does not appear to be an authoritative site - just aggregated content with long-tail key phrases for search engine traffic.

      An endorsement in broken english from an unkown site doesn't carry much weight.


    • January 11, 2015 3:23 AM PST
    • KaratBar International Warning in Canada

      I think you should first of all be honest when you say CANADA WARNING, this warning comes from the Socialist state of Quebec only, it is grossly unfair of you to to use the word Canada implying that the whole country of Canada has issued a warning which as you know is a lie ! also this is a WARNING only, there whole interpretation of the Karatbars opportunity is laughable and Karatbars Lawyers have pointed this out to them, all has gone quiet now i wonder why, in future dont post blatant untruths about a company, we are all here trying to promote our opportunity this kind of irresponsible behaivour is totally uncalled for.

      Karatbars International is available legally in over 100 countries for the past 6 years without any Legal problems whatsoever, only good old Quebec where the HQ of a well known Gold company are located seems to have a problem with Karatbars, GO FIGURE !



      This post was edited by Patrick Anderson at January 11, 2015 3:28 AM PST

    Icon Legend and Forum Rights

  • Topic has replies
    Hot topic
    Topic unread
    Topic doesn't have any replies
    Closed topic
    BBCode  is opened
    HTML  is opened
    You don't have permission to post or reply a topic
    You don't have permission to edit a topic
    You don't have the permission to delete a topic
    You don't have the permission to approve a post
    You don't have the permission to make a sticky on a topic
    You don't have the permission to close a topic
    You don't have the permission to move a topic

Add Reputation

Do you want to add reputation for this user by this post?

or cancel