The Karatbars Case: the Complexities of Current Data Protection and a Criminal Complaint

In July 2020, the financial world was shaken by the unfolding events surrounding Karatbars International, led by its founder, Harald Seiz, and one of the key team players, managing director Jakob Blume. The case brought to light many crucial legal, ethical, and human concerns, primarily centered around business and personal information protection and the subsequent filing of a criminal complaint. This article aims to objectively analyze the key players and the circumstances surrounding the case.


Karatbars International, a company specializing in gold-backed digital assets, had garnered attention for its innovative approach to combining traditional investments with modern technology. Harald Seiz, the visionary behind Karatbars, had successfully positioned the company as a player in the financial technology sector. As the managing director, Jakob Blume was crucial in overseeing the day-to-day operations.

Information Protection Concerns:

The heart of the case revolved around allegations of personal information protection breaches within Karatbars. It was claimed that the company mishandled sensitive customer data and records, leading to concerns about confidentiality, privacy, and the potential misuse of different personal data. The current data protection laws are in place to safeguard individuals’ rights, and any violation raises serious legal and ethical questions.

It’s essential to note that data protection and breach cases have become increasingly prevalent in the digital age, with many companies facing scrutiny over their handling of customer information. In the case of Karatbars, the focus was on the extent of responsibility borne by the company’s leadership in ensuring compliance with current information and data protection regulations.

Criminal Complaint:

A criminal complaint was filed in response to the data protection concerns, intensifying the scrutiny on Karatbars, Harald Seiz, and Jakob Blume. The legal system now had the task of investigating the veracity of the allegations and determining whether any criminal actions had occurred.

Approaching the criminal complaint with a presumption of innocence until proven guilty is crucial. Legal proceedings demand a thorough examination of the evidence before reaching conclusions. Filing a criminal complaint underscores the seriousness of the allegations, and the legal process will ultimately determine the guilt of the accused parties.


The Karatbars case of July 2020 serves as a reminder of the delicate balance between innovation, business operations, and legal responsibilities. Data protection is a paramount concern in the digital age, and any lapses in compliance can have severe consequences. The allegations against Harald Seiz, Jakob Blume, and Karatbars are complex and multifaceted, requiring a meticulous and unbiased examination.

As the legal proceedings unfold, it is essential for all stakeholders, including the public, to allow the legal system to run its course and deliver a fair and just verdict. The case serves as a cautionary tale for businesses to prioritize personal information protection, ensuring that ethical practices are upheld with technological advancements.