Consumers warned to stay away from Karatbars
Regulators in the Netherlands, Canada and Namibia have all issued warnings, with the latter calling it a pyramid scheme
The financial sector regulator has issued a stern warning to stay away from Karatbars, a multilevel marketing company that is offering “investments” to South African consumers via WhatsApp.
Karatbars International is not authorised to render financial advice and intermediary services in SA, the Financial Sector Conduct Authority (FSCA) said in a media release issued this week...
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