German firm told to wind up cryptocoin business after pyramid scheme allegations
over 5 years in The guardian
Karatbars used former football stars Lothar Matthäus, Roberto Carlos and Patrick Kluivert to promote products
A German cryptocurrency company that used former football stars Lothar Matthäus, Roberto Carlos and Patrick Kluivert to promote its products has been ordered to wind up its blockchain-based business by Germany’s financial watchdog, following allegations it was luring customers into a pyramid scheme.
Karatbars, founded by Stuttgart-born former vacuum cleaner salesman Harald Seiz in 2011, has promised to revolutionise the world’s financial system through its internet-based currency. Continue reading...
Who is popular today?
