From public records, across 7 jurisdictions and more than 20 years
Corinth Group of SwitzerlandThe Swindler from Switzerland
Martin Walter Model, Jurate Kairiene, Alec Theunissen and associated individuals and entities run a prolific, multi-decade advance-fee scam based in Switzerland and UK with their families.
They take hundreds of thousands of euros under the false promise of institutional-grade investment funding and have used multiple successive corporate names — every single one following the identical playbook: promise millions, collect tens of thousands, deliver nothing, disappear, rebrand, repeat.
20+ years. 30+ victims. 7 jurisdictions. Not one client funded. Not one contractually obligated deposit refunded. Same pattern. Same playbook. Same people
“Martin Model is well known within this up-front scam industry…”
Ripoff Report #1134964, March 2014
- Corinth Group of Switzerland
- Three Tuns Investment Holdings
- Curatio Capital
- Arcis Consortium
- APAHML
Public interest notice
This public interest notice concerns Martin Walter Model, Jurate Kairiene, Alec Theunissen and other individuals and entities associated with the Corinth Group of Switzerland. It is published due to a highly documented pattern of commercial and individual conduct that reflects a serious lack of integrity, accountability and ethical business practices. Such conduct includes collecting fees for services that were not delivered, failing to honour contractual obligations, issuing commitments that were subsequently reversed, ignoring multiple deadlines, and the apparent transition from one corporate entity to successor entities while outstanding liabilities remained unresolved.
The documentary record examined for this investigation spans more than 20 years, multiple jurisdictions and more than 30 complainants, with reported losses exceeding €10 million. The Corinth Group and associated parties have avoided legal and financial accountability despite extensive efforts by affected parties to resolve matters privately and amicably. Their conduct demonstrates a sustained pattern of avoiding responsibility for documented, contractual and acknowledged obligations.
Taken together, the evidence raises serious issues concerning fraud, deceptive representations, unlawful retention of funds and coordinated conduct across entities and jurisdictions. Despite making multiple commitments to fulfil those obligations, their actions reflect a complete lack of professionalism, integrity and good faith in commercial and personal dealings. The documented conduct warrants serious criminal and regulatory investigation.
- From Public Records
Martin Model & Jurate Kairiene — Flensastrasse 14, 7212 Seewis Dorf, Graubünden, Switzerland
Serve legal documents here - Main Office
Corinth Group Office — Bahnhofstrasse 37, 7302 Landquart, Graubünden, Switzerland
Serve legal documents here - From Public Records
Alec Theunissen — 44 Homebush Green, Matfield, Tonbridge, Kent TN12 7BY, UK
Serve legal documents here - Address Under Investigation
Schönhaldenstrasse 41, 8708 Männedorf, Lake Zürich, Switzerland
IBAN, SWIFT and beneficiary details from a Corinth invoice — give these to your bank's fraud team and request a SAR.
Authority Contact List — Email Prosecutors Directly.
Attach Your Complaint to Existing Cases.
The People — Who Runs the Operation
Every key position in the Corinth network is held by a family member or a trusted associate. Martin Model controls everything and appears nowhere in the records. His wife signs for the Swiss companies, his sons hold the UK vehicles, his daughter sits on the Credit Committee and his sister signs for C-Capital. Alec Theunissen — 'Martin's Hound' — fronts the UK operation with his son Brendton.
Click any profile for the full background. Click Alec to see how the man handling your millions spends his evenings.
Martin Walter ModelThe Directing Mind
Jurate KairieneWife & Sole Signatory — All 6 Swiss AGs
Alec Louw TheunissenUK Front Man & Director
Rita Mlodischewski (née Model)Sister & Family Signatory — C-Capital
Brendton Anthony TheunissenOperator — Client & Fee Handling
Angela Danielle ModelCredit Committee — Approves All, Funds None
Marco Ernst ModelHead of Operations — Owned the UK Tree
Matthias Urs BaechlerAccomplice — Board Director & Fiduciary- Justinas KairysSon — Front Director of the UK SPVs
- Jurie CoetzeeSouth African Recruiter
Independent Fraud Allegations Filed On
Over a decade of independent fraud reports — Frankfurt, Johannesburg, Nairobi, the USA, Austria, Toronto. Same names. Same pattern.
- Ripoff Report #1134964 (Mar 2014)
- Ripoff Report #1344693 (2016, Johannesburg)
- NEW: Ripoff Report #1354982 (Dale Changoo, Toronto)
- NEW: Ripoff Report #1541708 (Jurate Kairiene)
- Diebewertung.de (H. Samaras / Pytheas)
- Verbraucherschutzforum Berlin (May 2018)
- Verbraucherschutzforum Berlin (Dec 2018 update)
Defunct platforms, no longer online: ScamExposure; Scamion / ProConsumer (Curatio Capital reviews, December 2016).
“We lost everything to Martin Walter Model, Jurate Kairiene, and Alec Theunissen.
They reassured us the funding was coming until the day it was supposed to arrive. Then — a sudden delay. No phone call. No empathy. An email. And then silence.
We had relied on their assurances. We hired people. Engaged contractors. My house was repossessed after the legal consequences that followed. My business partner took their life. We lost everything. And we are not alone.
We learned afterwards that they had done the exact same thing to dozens of other people before us. Reassurances, and then ‘sudden last-minute events stopping funding.’ They structure their contracts across multiple jurisdictions so that no single authority can easily act.
They have destroyed so many lives. They have taken so much money.
All Martin Walter says is: ‘That is not my problem.’
Alec was arguably worse. In my experience, nothing he told us was ever true.
I have never encountered people so devoid of conscience. I hope justice holds them accountable.”
Did you wire funds to Corinth? Contact your bank’s fraud department now.
Several sending banks have confirmed that losses like these may be covered by their fraud insurance and are actively assisting complainants. Ask about their scam reimbursement scheme and request a Suspicious Activity Report (SAR) be filed. The more banks investigating Corinth, the higher the chance of recovery and criminal referral.
US Victims — File with the FBI (IC3).
Complainants report that Corinth induced advance-fee payments based on representations of imminent funding — funding that never materialised. If you wired funds from a US bank, file an Internet Crime Complaint at ic3.gov. Select “Wire Fraud” (18 USC §1343). Include: beneficiary name, dates and the term sheet containing the refund clause. The FBI aggregates complaints — the more filings, the faster an investigation is opened.
I. The Pattern — 30+ Complainants Describe the Same Sequence
Compiled from 30+ independent complainants across 7 jurisdictions, spanning dealings with Martin Walter Model, Alec Theunissen, Jurate Kairiene and the broader Corinth Group network. Every complainant describes the exact same pattern:
The Promise
Up to €500M in funding within 45 days of signing. 3% interest. Flexible drawdown. Backed by Bank of America and “large amounts of gold in collateral.” You cannot see the contracts until after you sign the term sheet and pay. No references — you must “trust and respect the relationship.” The same story, recycled to dozens of complainants over more than a decade.
The Fee
€30,000–€80,000 upfront as a “due diligence” deposit, refundable under Article 26 (see the clause). A faux process: no complainant ever saw a due diligence report and no complainant ever “failed” DD. For larger facilities: €350,000 security deposits for LDF 1 (€50K upfront + €300K on signing) or €5,000,000 for LDF 2. Several complainants report total losses exceeding €400,000.
The Wait
The UK “Transaction Office” was, according to complainants, extremely and deliberately slow. Alec made repeated errors and went unresponsive for weeks — behaviour complainants believe was instructed by Martin. Once contracts were signed: months of reassurances, Letters of Comfort, instructions to start projects, engage EPCs and get everything moving — deepening financial and emotional commitment.
The Excuse
At the last minute: a “major event” stops funding. “Bank of America withdrew.” “War in Iran.” “Trump tariffs.” The exact same script, delivered to different clients across different years. Escape clauses invoked. No evidence ever provided. When complainants asked for proof, Martin Model would shout and cry about “respect” and how he “cannot deal with people who ask such things.” Alec told clients to “piss off.” Both are described as having extremely bad tempers.
Silence. Threats. Burnout.
Corinth goes silent. They rely on complainants burning out. When they don't — legal threats, explosive anger, and a morally depraved lawyer deployed to hold people at bay. No known complainant has ever received their money back.
All allegations attributed to identified third-party complainants. The numbered pattern reflects the consistent account described independently by 30+ complainants across multiple jurisdictions and years.
How the Offer Reaches Victims — Broker Marketing
Corinth's facilities are marketed through brokers and intermediaries. The advertisement below, posted on Facebook on 25 March 2024 by a trade-network page, offers funding from a “group of companies in Switzerland” of “10 Million to 1 Billion” under four facility names: LEF-1, LEF-2, LDF-1 and LDF-2. These are the names of the Corinth Group's own facility templates — LEF 2 (Loan Equity Facility), LDF 1 (Security Deposit Cash Facility) and LDF 2 (Debenture SBLC Facility).
The advertisement promises “No upfront fees”. Corinth's term sheet requires a EUR 80,000 Cost Contribution before any transaction proceeds, and its LDF facilities require security deposits of €350,000 and €5,000,000. The first thing a prospective client is told is contradicted by the first document they are asked to sign.
Intermediaries — Dale Changoo in Toronto, Integer Wealth Global in Luxembourg, Jurie Coetzee in South Africa and brokers such as this one — carry the same offer far beyond Switzerland, and make the pattern harder for any single authority to see.
What Corinth actually charges
| Facility / situation | Amount |
|---|---|
| Historical / general advance fee | €30,000–€80,000 |
| Article 26 Cost Contribution | €80,000 |
| LDF 1 | €350,000 — €50k + €300k |
| LDF 2 | €5,000,000 |
| Changoo matter | US$50k + approx. US$180k |
| Certain complainant total losses | €400k+ |
II. The Contract — A Refund Clause Never Honoured
No known client has ever received a refund under this clause.
Article 26 of the Corinth Group term sheet requires the applicant to pay a Cost Contribution of EUR 80,000 and provides for its full refund within seven banking days if Corinth aborts the transaction for any reason.
“The Applicant is obligated to provide Corinth with a Cost Contribution in the amount of EUR 80,000 (Eighty thousand).”
“If the Due Diligence as outlined under point 27 above is not to the satisfaction of Corinth, or if Corinth decides to abort the transaction for any reason whatsoever the Capital Contribution in the amount of EUR 80,000.00 (eighty thousand Euros) paid by the Applicant will be refunded in full and without deduction of any costs within 7 (seven) banking days.”
Source: Corinth Group Term Sheet, Article 26 — “Cost Contribution”, reviewed March 2026
This clause has been triggered in every documented case. It has been honoured in none.
In every documented case, Corinth has neither provided funding nor returned advance fees. The refund clause has been triggered — and breached — in every instance. The promise that gets victims to pay is the promise Corinth never keeps.
III. Documented Red Flags — What the Records Show
01 Licensed Funds It Does Not Have
cgoch.com still promises funding through “registered and licensed Investment Funds”. The only licence the network ever held — a CySEC AIFM authorisation — was revoked on 3 October 2022, and the Corinth Capital RAIF (RAIF31) was dissolved in January 2023. No Corinth entity has ever held FINMA authorisation. The claim remains online.
[cgoch.com; CySEC AIFM Register; Cyprus Dept. of Registrar, HE 409232]
02 A Showcase Deal That Never Happened
Corinth's flagship credential — a USD 100M investment in Morepen Laboratories announced in April 2021 — left no trace in Morepen's shareholding. Morepen has stated directly that the transaction did not proceed as described. It is the only Corinth investment PitchBook records. A second announcement, USD 64M into Addvalue Technologies, produced no evidence of completion.
[Morepen Labs annual reports 2021–2023; BSE filings; direct correspondence; PitchBook]
03 Eight Directors Out in 48 Hours
On 13–14 June 2023 eight directors left the UK entities — in the same window in which every Corinth UK company was renamed “Three Tuns”, and roughly four months before the UK prohibition on corporate directors took effect. No reasons were ever filed.
[Companies House filing records]
04 Licence Revoked in Seven and a Half Months
CySEC granted Corinth Fund Management's AIFM licence in early 2022 and revoked it on 3 October 2022. The regulator has not published its grounds. A revocation at that speed is exceptional.
[CySEC AIFM Register, decision dated 3 Oct 2022]
05 A Borrowed Heritage
All six Swiss AGs are pre-existing companies from unrelated trades — photography, architecture, trading, consulting — acquired and renamed between 2018 and 2025. The “founded in 1977” story belongs to a camera business. Corinth branding dates only from October 2018.
[Swiss Commercial Register / Zefix, CHE records]
06 Five Names, One Operation
APAHML → Arcis Consortium (also recorded as Arcis Consilium) → Curatio Capital → Corinth Group → Three Tuns. Each change of name has followed public complaints about the last. The principals, the Chur address at Stadtgartenweg 6 and the method have not changed. Complainants name Martin Model in every iteration, 2014–2026.
[Swiss Commercial Register; Companies House; Ripoff Report #1134964, #1344693]
07 Companies Created to Be Discarded
35+ UK companies have been run under a single director, Alec Theunissen. More than 30 are dissolved, struck off or in liquidation. They are opened, used and closed.
[Companies House]
08 The Controller Who Signs Nothing
Martin Model holds no directorship and no significant-control entry in any register. His wife signs for all six Swiss AGs, his sons hold the UK vehicles and his sister signs for C-Capital. Complainants identify him as the person who makes every decision.
[Swiss Commercial Register; UK Companies House]
09 Disputed Debts in the Swiss Enforcement Register
Claims of CHF 1,697,500 against Corinth Investments AG (August 2022) and CHF 85,334.65 against Corinth Investment Holdings AG (January 2024) — both contested by Corinth — and cantonal tax claims in 2023 settled only through the enforcement office.
[Betreibungsregister extracts, Betreibungs- und Konkursamt der Region Plessur, 26 April 2024]
Swiss debt enforcement: a creditor may start proceedings (Betreibung) without first proving the debt; a Rechtsvorschlag is the debtor's formal objection. These entries record claims made and disputed, not findings that the sums are owed.
IV. Still Collecting Fees — 2026
Corinth Management Services AG is still known to be collecting “Cost Contribution” advance fees from new clients as recently as March 2026. At the time these fees were being collected:
- UK Entity Under HMRC Winding-Up. Corinth Management Services Limited was already subject to HMRC's compulsory winding-up petition (filed 18 November 2025) — wound up by court order January 2026. Sole director: Alec Theunissen. Zero accounts filed in 6+ years.
- £72,749 Unpaid Wages. Three former employees won Employment Tribunal default judgments (June 2022). Corinth did not respond. Judgment remains unpaid. A further former employee reports: “About 8 of us are owed salaries.”
- Swiss Enforcement Claims — Never Communicated by Corinth. CHF 1,697,500 and CHF 85,334.65 claimed against Corinth AGs in the Swiss debt-enforcement register and disputed by Corinth — claims which are never communicated by Corinth.
- Multiple Complainants Across Jurisdictions. Independent fraud allegations on Ripoff Report (2014, 2016, 2024), Diebewertung.de (2018), Verbraucherschutzforum (2018) and others. Pattern spans 20+ years.
- No Complainant Ever Funded. Across all complainants — 20+ years, five corporate identities — not one has ever received the promised funding.
V. Addresses for Legal Correspondence
All addresses from public records. Serve legal documents here.
- From Public RecordsMartin Model & Jurate Kairiene
Flensastrasse 14, 7212 Seewis Dorf, Graubünden, Switzerland
Map - Main OfficeCorinth Group of Switzerland
Bahnhofstrasse 37, 7302 Landquart, Graubünden, Switzerland
Map - Registered Office (NEW card)All six Corinth AGs
Stadtgartenweg 6, 7000 Chur, Switzerland
Map - From Public RecordsAlec Theunissen
44 Homebush Green, Matfield, Tonbridge, Kent TN12 7BY, UK
Map - UK SPV address (NEW card)UK SPVs named as 'Lender'
Pluto House, 6 Vale Avenue, Tunbridge Wells TN1 1DJ (serviced office)
Map
Verify: Swiss Commercial Register (Zefix) · UK Companies House · CySEC AIFM Register
Report. Coordinate. Act.
Victims
If you have been approached by Corinth Group, Three Tuns, Curatio Capital or any associated entity and asked to pay advance fees — you are not alone. Victim groups across Europe, Africa, Asia and the Americas are now coordinating.
Authorities & Prosecutors
To Swiss and UK authorities: 30+ complainants. 20+ years. €10M+ in alleged losses. The evidence is here, sourced and documented — term sheets, invoices, contract suites, corporate registry filings and direct victim testimony. We can provide a complete evidence package.