Back April Karatbars International affiliates reported receipt of a contact from AcuaWellington.
AcuaWellington represented they'd “bought out all receivables and liabilities of the Karatbars band of companies&rdquo ;.
Further research reveals Acua Wellington is in every likelihood a recovery scam. However, not your typical recovery scam.
One of many immediate red flags is Acua Wellington demanding personal information from affiliates.
This really is a clip of a far more recent follow up email received by another affiliate.
Karatbars International's office FaceBook page was abandoned in late 2020.
Harald Seiz, owner of Karatbars International, has made no public statements regarding Acua Wellington.
Example of Negative AcuaWellington Review
The FMA Regulatory body of New Zealand has issued warning against Karatbars International that's connected with AcuaWellington. Several others regulatory bodies have issued warning.
Is AcuaWellington scam or legit broker?
ReportScam does not recommend traders to trade with this particular broker and your funds may not be safe with this particular broker and AcuaWellington reviews are negative. Instead we recommend trying to find regulated and reputed brokers who have the ability to really aid in growing your investments.
As above, Acua Wellington has set a July 15th cutoff date for affiliates to provide ID documents to them.
Personally I'm not convinced Karatbars International was sold off. Acua Wellington has German roots and Seiz has been hoping to acquire a new Karatbars shitcoin off the ground since KBC collapsed in 2019.
Acua Wellington is just a Karatbars Ponzi reload scheme run by persons unknown. It isn't situated in the US and anyone handing over ID documents is this to a third-party of unknown origins.
That Harald Seiz moved into hiding and not publicly addressed Acua Wellington says all of it really. This isn't how legitimate businesses operate.
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