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Affiliates of Karatbars International reported receiving an email from AcuaWellington in April.

“All receivables and liabilities of the Karatbars group of enterprises have been taken over,” AcuaWellington claimed.

Further investigation suggests that Acua Wellington is most likely a recovery fraud. But this isn’t your normal financial recovery con.

Here’s the email AcuaWellington sent out to Karatbars affiliates on April 28th, as provided by BehindMLM reader Noel:

Greetings, Sir or Madam.

As you may have heard, we have taken over the Karatbars group of firms’ receivables and liabilities.

According to our data, you may have receivables from a variety of services.

Due to the unique nature of our business and legal regulations, we respectfully request that you submit your claim through our website.

Please complete all fields to ensure that any claims are handled by the Know Your Client concept. By May 15, 2022, you should have gotten your information. Submissions received after the deadline may be rejected. Data protection applies to all information.

We will contact you without prompting after May 15, 2022. Your information will be double-checked in compliance with banking standards. You voluntarily consent to this check by submitting your data.

Please keep in mind that contact is only possible in English.

With best wishes

Wellington Risk Management by Acura

Acua Wellington’s demand for personal information from affiliates is one of the first warning flags.

Another affiliate just received the following snippet from a follow-up email:

We are now working on the basic gathering of all claims and requests.

Please note that we can and will only treat data by the Know Your Client concept.

Those who refuse to engage in this system will forfeit their claims forever.

In late 2020, Karatbars International’s office Facebook page was deactivated.

Karatbars International’s owner, Harald Seiz, has made no public remarks on Acura Wellington.

So, who are Acua Wellington and what do they do?

The domain “acuawellington.com” is used by Acura Wellington. In the year 2019, this domain was initially registered. On January 23rd, 2022, the existing incomplete registration was updated.

I assume this is when the current proprietors acquired the domain, and the present website went up shortly after that.

Even though Acura Wellington has only been around for a few months, its “funds are among the most successful in the world.”

Naturally, no information about the company’s ownership is revealed.

Acua Wellington does give a corporate address in New York City on its website. This is related to Acura Wellington’s SEC representations, which we’ll discuss later.

Acua Wellington was founded by Germans, according to the Wayback Machine.

Because Harald Seiz is German and Karatbars International is/was a German corporation, this is crucial.

The SEC representations on Acura Wellington’s website are next:

Investors own AcuaWellington. You own the funds that own AcuaWellington as an investor-owner.

Money market funds, bond funds, balanced funds, and stock funds all beat their peer group averages throughout the 10 years ending December 31, 2020. Other periods will have different results. The comparison includes only mutual funds and ETFs (exchange-traded funds) with at least a 10-year track record.

AcuaWellingtons may buy any sort of company and take it public at any moment, bypassing the typical IPO procedure. AcuaWellington can do this by forming a special purpose acquisition company (SPAC), which is regulated by the Securities and Exchange Commission in the United States (SEC). A SPAC like this is used to combine money to finance a merger or acquisition within a set time limit.

Because a SPAC is a publicly listed business and is registered with the SEC, the general public can acquire its stock before the merger or acquisition takes place.

This is a bunch of nonsense from a financial guy having nothing to do with Acura Wellington or Karatbars International.

Our dedication to ethical ideals is shown in our unique ownership structure, customer-focused culture, and customer-focused culture.

The private funds that own AcuaWellington, in turn, are owned by fund shareholders.

The SEC has not yet registered Acua Wellington. This is a red signal for a firm claiming to be situated in the United States and talking about shareholders.

Acua Wellington is nothing more than a shitcoin refill Ponzi scam that has nothing to do with “private money” or shareholders.

AcuaCoin appears to be a shitcoin based on the ERC-20 standard. These are simple to put up and cost little to nothing.

AcuaCoin is linked to ethereum, and Acura Wellington claims that it is “hedged using exclusively business assets.”

For obvious reasons, I am wary of a firm that is just a few months old and is operated by unknown individuals with significant – if any – corporate assets.

Acua Wellington does not yet provide any investment opportunities. That’ll most likely happen once they’ve gathered as many ID papers as they can through KYC.

As previously stated, Acua Wellington has set a deadline of July 15th for affiliates to provide ID papers.

Karatbars International, in my opinion, was not auctioned off. Seiz has been attempting to get a new Karatbars shitcoin off the ground since KBC fell in 2019. Acua Wellington has German origins, and Seiz has been trying to get a new Karatbars shitcoin off the ground since KBC collapsed in 2019.

Acua Wellington is a Karatbars Ponzi refill scam operated by unidentified individuals. It isn’t based in the United States, and anyone handing up identification documents is doing so to an unknown third party.

Harald Seiz’s disappearance and refusal to openly confront Acura Wellington tell it all. This isn’t how a respectable company operates.

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