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If you have been following crypto news, you’ve seen quite a few articles alleging that Karatbars is a scam. Coindesk recently reported about Florida financial regulators investigating KBC, which sparked a snowball of negative publicity for the company. It’s only fair for a company to have a chance to defend themselves, regardless of the accusations. … Read more
A growing list of cryptocurrency-themed projects has turned out to be complete scams. Most of those ventures are no longer around, although there are some exceptions. In the case of Karatbars, it seems things have begun to unravel in quick succession. The project is under investigation for a variety of reasons. Karatbars and its Gold … Read more
Mr. Ponzi, thank you! In the 1920s, Mr. Charles Ponzi created a “financial company”, stating: “Lend me your money, and you will receive 50% in interest.” Thousands and thousands of unwitting people gave him their money amounting to a total of $65 billion. Nobody suspected that he would use newly invested funds to cover previous … Read more