Acua Wellington- Scam Review


Associates of Karatbars Worldwide reported receiving an e mail from AcuaWellington in April.   

AcuaWellington claimed to have “taken over the entire Karatbars group of corporations’ receivables and liabilities.”   

Additional investigation means that Acua Wellington is most certainly a restoration fraud. However this is not your regular monetary restoration con.   

Here is the e-mail AcuaWellington despatched out to Karatbars associates on April twenty eighth:

“Greetings, Sir or Madam. As you’ll have heard, now we have taken over the Karatbars group of corporations’ receivables and liabilities. In line with our information, you’ll have receivables from a wide range of providers. Because of the distinctive nature of our enterprise and authorized laws, we respectfully request that you just submit your declare via our web site. Please full all fields to make sure that any claims are dealt with in accordance with the Know Your Shopper idea. By Might 15, 2022, you must have gotten your data. Submissions obtained after the deadline could also be rejected. Information safety applies to all data. We’ll contact you with out prompting after Might 15, 2022. Your data shall be double-checked in compliance with banking requirements. You voluntarily comply with this verify by submitting us your information. Please remember that communication is simply attainable in English. With greatest needs from Wellington Danger Administration by Acua.”

Acua Wellington’s demand for private data from associates is without doubt one of the first warning flags.   

“We’re engaged on the basic gathering of claims and calls for of any form; that is an excerpt from a more moderen follow-up e mail obtained by one other affiliate. Please notice that we are able to and can solely deal with information in accordance with the Know Your Shopper idea. Those that refuse to take part on this system will forfeit their claims ceaselessly.” 

In late 2020, Karatbars Worldwide’s workplace Fb web page was deactivated.   

Karatbars Worldwide’s proprietor, Harald Seiz, has made no public statements on Acua Wellington. 

Who’s Acua Wellington, precisely?   

The area “” is utilized by Acua Wellington. Within the yr 2019, this area was initially registered. On January twenty third, 2022, the present incomplete registration was final up to date.   

I assume that is when the present proprietors acquired the area, and the current web site went stay shortly after that.   

Although Acua Wellington has solely been round for a number of months, its “funds are among the many most profitable on the planet.” Naturally, no details about the corporate’s possession is revealed.    Acua Wellington does give a company tackle in New York Metropolis on its web site. That is associated to Acua Wellington’s SEC representations, which we’ll talk about later.   

Acua Wellington was based by Germans, based on the Wayback Machine.   

As a result of Harald Seiz is German and Karatbars Worldwide is/was a German company, that is essential.    The SEC representations on Acua Wellington’s web site are subsequent: 

Traders personal AcuaWellington. You personal the funds that personal AcuaWellington as an investor-owner. Cash market funds, bond funds, balanced funds, and inventory funds all beat their peer group averages all through the 10-year interval ending December 31, 2020. Different time intervals may have completely different outcomes. The comparability contains solely mutual funds and ETFs (exchange-traded funds) with at the least a 10-year observe report. AcuaWellingtons can purchase any type of firm and take it public at any time, bypassing the everyday IPO process. AcuaWellington can alternatively incorporate a special-purpose acquisition firm (SPAC) for this function, which is regulated by the US Securities and Trade Fee (SEC). A SPAC like that is used to mix cash with a purpose to finance a merger or acquisition inside a set time restrict. As a result of a SPAC is a publicly listed enterprise and is registered with the SEC, most of the people can purchase its inventory earlier than the merger or acquisition takes place.   

This can be a bunch of nonsense from a finance man with nothing to do with Acua Wellington or Karatbars Worldwide.   

Our dedication to moral beliefs is proven in our distinctive possession construction and customer-focused tradition. The non-public funds that personal AcuaWellington, in flip, are owned by fund shareholders.   

The SEC has not but registered Acua Wellington. This can be a purple sign for a agency whose illustration relies in the US and is speaking about its shareholders.   

Acua Wellington is nothing greater than a shitcoin refill Ponzi scheme that has nothing to do with “non-public funds” or shareholders.   

AcuaCoin seems to be a shitcoin primarily based on the ERC-20 customary. These are easy to place up and value little to nothing.   

AcuaCoin is linked to ethereum, and Acua Wellington claims that it’s “hedged utilizing completely company property.”   

For apparent causes, I’m cautious of an organization that’s only some months outdated and is operated by unknown folks with important – if any – company property.   

There isn’t any funding alternative associated to Acua Wellington at the moment. That’ll most certainly occur as soon as they’ve gathered as a lot ID documentation as they will via KYC.

As already acknowledged, Acua Wellington has set a deadline of July fifteenth for associates to current ID paperwork. Karatbars Worldwide, for my part, was not offered off. Seiz has been making an attempt to get a brand new Karatbars shitcoin off the bottom since KBC collapsed in 2019.

Acua Wellington has German roots, and Seiz has been making an attempt to get a brand new Karatbars shitcoin off the bottom since KBC collapsed in 2019.   

Somebody unknown runs the Acua Wellington Karatbars Ponzi refill scheme. It is not primarily based in the US, and anybody handing up identification paperwork is doing so to an unknown third get together.  Harald Seiz has gone into hiding and hasn’t spoken to Acua Wellington in public, which says all of it. This is not how a official firm operates.

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