Acua Wellington Review- Scam

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In April, affiliates of Karatbars International reported receiving an email from AcuaWellington.   

AcuaWellington claimed to have “acquired all receivables and liabilities of the Karatbars group of enterprises.”   

Further investigation suggests that Acua Wellington is likely a recovery fraud. However, this is not your ordinary recovery fraud.   

As provided by our reader Noel, here is the April 28 email that AcuaWellington sent to Karatbars affiliates:   

“Dear Sir or Madam, As you may already be aware, we have assumed all receivables and liabilities of the Karatbars group of companies. According to our records, you may have receivables from numerous services. Due to the unique needs of business and the law, we respectfully request that you submit your claim via our website. Please complete all required fields so that claims can be processed in accordance with the Know Your Client philosophy. The deadline for submitting your information is May 15, 2022. Late submissions are subject to rejection. Data protection applies to all information. We will contact you after May 15, 2022, without prompting. Your information will be verified in accordance with standard banking procedures. By submitting your information, you fully consent to this check. Please note that all conversation must be conducted in English. Warmest regards Acua Wellington Risk Management.”   

The fact that Acua Wellington requests personal information from affiliates is an immediate red flag.    This is an excerpt from a more recent follow-up email received by a different affiliate; we are working on collecting any and all claims and demands. Please remember that we can only process data in accordance with the Know Your Client concept. Those who choose not to engage in this system will irrevocably forfeit their claims. Late in 2020, the office Facebook page for Karatbars International was deleted.   

Karatbars International owner Harald Seiz has made no public statements on Acua Wellington.   

Who is Acua Wellington, then?   

Acua Wellington is accessible through “acuawellington.com.” This domain was registered initially in 2019. The most recent modification to the existing incomplete registration was made on January 23, 2022.   

I believe that this is when the current proprietors acquired the domain, and that the present website went live shortly thereafter.   

Even though Acua Wellington has only existed for a few months, its “funds are among the most successful in the world.” Naturally, no information regarding firm ownership is supplied.   

On their website, Acua Wellington provides a corporate address in New York City. This relates to Acua Wellington’s claims regarding the SEC, which we will discuss shortly.   

The Wayback Machine reveals that the Germans founded Acua Wellington.   

Harald Seiz is German, and Karatbars International is/was a German corporation, so this is relevant.   

The SEC representations on Acua Wellington’s website are as follows: 

AcuaWellington is owned by investors. As a shareholder-owner, you are the owner of the funds that own AcuaWellington. The money market funds, bond funds, balanced funds, and stock funds beat their respective peer group averages throughout the 10-year period ending December 31, 2020. Results for different time periods will vary. The comparison only included mutual funds and ETFs (exchange-traded funds) with at least a 10-year track record. AcuaWellingtons can acquire any sort of company and take it public at any time, bypassing the typical IPO procedure. AcuaWellington may also form a special-purpose acquisition company (SPAC) for this purpose, which is regulated by the U.S. Securities and Exchange Commission (SEC). This type of SPAC is utilized to pool funds in order to finance a merger or acquisition within a predetermined time limit. Due to the fact that a SPAC is registered with the SEC and is a publicly listed business, the general public can purchase its stock prior to the merger or acquisition.   

This is unrelated to Acua Wellington or Karatbars International and consists entirely of banking jargon.    Our commitment to ethical ideals is shown in our distinctive ownership structure and customer-centric culture, AcuaWellington is owned by its private funds, which are in turn held by fund investors.   

The company, Acua Wellington, is not registered with the SEC. This is a red signal for a firm whose representative is based in the United States and is discussing shareholders.   

Acua Wellington has nothing to do with “private funds” or shareholders; rather, it is a shitcoin reload Ponzi scheme.   

Despite appearances, AcuaCoin is an ERC-20 shitcoin. These take a few minutes to put up and are relatively inexpensive.   

AcuaCoin is pegged to ethereum, and according to Acua Wellington, it is also “hedged via corporate assets.”   

For obvious reasons, I am doubtful that a corporation led by unidentified individuals with considerable corporate assets – if any – is less than a few months old.   

Acua Wellington has no investment opportunities available at this time. This is likely to occur if they determine they have obtained as much identification paperwork as they can through KYC. As described,    Acua Wellington has set a deadline of July 15 for affiliates to present identification documents. I am not convinced that Karatbars International was sold. Acua Wellington has German roots, and since KBC’s bankruptcy in 2019, Seiz has been attempting to launch a new Karatbars shitcoin.   

Acua Wellington is an unidentified Karatbars Ponzi refill scheme. It is not based in the United States, and anyone handing over ID documents does so to an unknown third party. 

Harald Seiz has gone into hiding and has not addressed Acua Wellington publicly, which says everything. This is not how legitimate companies conduct business.

In April, affiliates of Karatbars International reported receiving an email from AcuaWellington.    AcuaWellington claimed to have “acquired all receivables and liabilities of the Karatbars group of enterprises.”    Further investigation suggests that Acua Wellington is likely a recovery fraud. However, this is not your ordinary recovery fraud.    As provided by our reader Noel,…

In April, affiliates of Karatbars International reported receiving an email from AcuaWellington.    AcuaWellington claimed to have “acquired all receivables and liabilities of the Karatbars group of enterprises.”    Further investigation suggests that Acua Wellington is likely a recovery fraud. However, this is not your ordinary recovery fraud.    As provided by our reader Noel,…

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