Frequently Asked Questions

The Corinth Group holds no financial licence in any jurisdiction; its only licence (CySEC AIFM) was revoked after 7.5 months in October 2022. All six Swiss AGs are renamed dormant companies with one signatory. No completed funded transaction has been verified. More than 30 complainants across seven jurisdictions describe paying advance fees of €30,000–€80,000 under a refund clause that was never honoured. Its UK operating company was wound up on HMRC's petition in January 2026. On every measure that matters — licences, accounts, completed deals, refunds — the answer is no.

Three Tuns Investment Holdings Ltd (14242045) is the renamed UK arm of the Corinth Group: seven Corinth UK companies became 'Three Tuns' on 15–16 June 2023. The same people control it (Alec Theunissen, with SPVs directed by Justinas Kairys and owned in part by Jurate Kairiene). It filed dormant accounts while active, is not FCA-authorised, and no investment activity has been identified for any Three Tuns entity. Same people, same structure, new name — complainants describe the same pattern.

cgoch.com is the Corinth Group's current website (corinthinvest.com was the earlier one). It claims the group was 'founded in 1977' (the registration date of Photo Max Wagner AG, a photography company), advertises 'registered and licensed Investment Funds' (the only licence was revoked in 2022), claimed entities in Spain, Mauritius, Ireland and Singapore that do not appear on those registers, and lists Martin and Marco Model without their surname. Its central claims are contradicted by the registers.

No complainant known to this investigation has been funded or refunded. There is no regulatory protection (no FINMA, FCA or CySEC authorisation), the contract structure places your fee under Swiss law and the funding promise with a UK SPV under English law, and recovery would require litigating in Chur. Every documented client lost their fee.

cgoch.com began claiming entities in these four jurisdictions in late 2024. Registry searches in February 2026 (CNMV Spain, FSC Mauritius, CRO Ireland, ACRA Singapore) found no Corinth entities, no principals as directors and no regulatory registrations. No — nothing on any of the four registers.

No. No current regulatory authorisation has been identified in any jurisdiction (2026 searches). CySEC granted an AIFM licence (AIFM48/56/2013) to Corinth Fund Management Ltd in about February 2022 and revoked it on 3 October 2022. No entity appears on the FINMA register or on the FCA register as authorised or exempt. Unregulated in every jurisdiction — while advertising 'licensed' funds.

No. February 2026 searches of the FINMA register for 'Corinth', the group's AG names, the address Stadtgartenweg 6 Chur, and the principals (Martin Model, Jurate Kairiene, Matthias Baechler) returned no authorised entity. Incorporating an AG does not confer authorisation; managing collective investment schemes or acting as a financial institution requires separate FINMA licensing under FinSA/FinIA. Check the FINMA warning list at finma.ch for current status. No FINMA authorisation — file a report (see Report Now).

No. The six AGs at Stadtgartenweg 6, Chur (CHE-102.223.770, -103.982.016, -108.684.891, -101.372.769, -114.816.959, -135.599.437) hold no banking, securities-dealer or collective-investment licence. All have Jurate Kairiene as sole signatory and all are acquired, renamed companies. Unregulated private companies — every one a renamed dormant shell.

No. 2026 searches for Corinth, Three Tuns, Corinth Management Services, Corinth Investment Management Services and the Pluto House address returned no authorised or exempt firm. Carrying on regulated activities in the UK without authorisation is an offence under section 19 FSMA 2000. Invictus Risk Solutions LLP (OC421019), described as an insurance partner, is also unregistered. Verify at register.fca.org.uk. No FCA authorisation for any Corinth or Three Tuns entity.

No. Three Tuns Investment Holdings Ltd and its related UK companies are not FCA-authorised. The associated Cyprus fund, Three Tuns Capital RAIF F.C.I.C. PLC, is in members' voluntary winding-up. No — and its Cyprus fund is being wound up.

CySEC revoked Corinth Fund Management Ltd's AIFM licence (AIFM48/56/2013) on 3 October 2022, about 7.5 months after grant. CySEC has not published the grounds. The managed fund, Corinth Capital RAIF V.C.I.C. Ltd (HE 409232), was dissolved in January 2023; its external manager was SCSS Fund Management Ltd. The grounds aren't public — but 7.5 months is an exceptional outcome.

A Registered Alternative Investment Fund (RAIF) is a Cyprus fund vehicle that relies on an authorised external manager (AIFM) rather than its own licence. Corinth Capital RAIF (RAIF31) relied on Corinth Fund Management Ltd and SCSS Fund Management. It had five sub-funds, including a 'Naturalization Estate Fund' built around the Cyprus citizenship-by-investment programme. It was dissolved in January 2023. It gave Corinth a 'registered fund' to advertise — until the licence went.

Yes. Corinth Management Services Ltd (12297863) never filed accounts between incorporation (Nov 2019) and compulsory liquidation (Jan 2026). Three Tuns Investment Holdings filed dormant accounts while apparently active. All surviving Three Tuns entities are overdue. No explanation has been filed. Yes — zero accounts, false 'dormant' filings, everything overdue.

Six AGs at Stadtgartenweg 6, Chur, all renamed dormant companies with Jurate Kairiene as sole signatory; plus Curatio Holding AG. None is FINMA-authorised. The debt-enforcement register records disputed claims of CHF 1,697,500 and CHF 85,334.65 against two AGs, and 2023 tax claims paid through the enforcement office. Main office: Bahnhofstrasse 37, Landquart. The Swiss heart of the operation — renamed shells in Chur.

35+ companies with Alec Theunissen as director, 30+ dissolved. Three Tuns Investment Holdings Ltd is the parent; five SPVs are directed by Justinas Kairys; Corinth Management Services Ltd was wound up in January 2026. SPV address: Pluto House, Tunbridge Wells. Case references exist with Report Fraud, the Insolvency Service and the FCA. Theunissen's graveyard of companies — and open cases with three UK authorities.

Corinth Fund Management Ltd (licence revoked Oct 2022); Corinth Capital RAIF (dissolved Jan 2023); Three Tuns Capital RAIF (voluntary winding-up); Corinth Investment Holdings Ltd (CY) and Corinth Management Services Ltd (CY) dissolved; Pytheas (Cyprus) Ltd dissolved. Every Cyprus entity revoked, dissolved or winding up.

A Swiss economist based in Chur, identified by complainants since March 2014 as the directing mind of APAHML, Arcis Consortium, Curatio Capital, the Corinth Group and Three Tuns. He holds no registered position anywhere; his wife, sons, daughter and sister hold them. Corinth's websites describe him as Head of the Credit Management Committee and 'Director and advisor of Corinth Invest'. See People > PPL-01. The Swindler from Switzerland — the directing mind, invisible on paper.

Formally, the Swiss AGs are controlled by Jurate Kairiene (sole signatory); the UK structure was owned via Centropa (Marco Model, 75%+) and now via TTTIH's PSC vehicles (Theunissen, Padley); three SPVs are owned by Kairiene. Complainants identify Martin Model as the person in control. Beneficial ownership is not disclosed in any register. On paper, his wife and son. In practice, according to complainants, Martin Model.

A Lithuanian national, identified as Martin Model's wife, and sole signatory (President) of the Corinth Swiss AGs, including the fee-collecting Corinth Management Services AG. She co-directed ten UK 'Rhea' companies in 2019 and is PSC of three SPVs directed by her son Justinas Kairys. See PPL-02. Wife and sole signatory — the legal face of the Swiss companies.

A South African national based in Kent, director of 35+ UK companies (30+ dissolved), director of TTTIH and former sole director of Corinth Management Services Ltd. Complainants identify him as the UK operational lead. cgoch.com credits him with qualifications this investigation has not verified. See PPL-03. UK director — 'Martin's Hound'.

Of 35+ UK companies of which he has been a director, more than 30 are dissolved, struck off or in liquidation —. His history is split across two Companies House officer IDs. 30+ of 35+.

Son of Alec Theunissen. Several complainants identify him as a Corinth coordinator in client engagement and fee collection. He holds no registered position. A December 2020 Instagram post from his father's account shows them together at the Corinth office in Tunbridge Wells. See PPL-05. Operator — second generation of the Theunissen family in the business.

Daughter of Martin Model; relocated from Singapore to Switzerland; member of the Corinth Credit Committee and listed as Head of Technology on cgoch.com. See PPL-06. Credit Committee member — the boss's daughter.

Son of Martin Model; former sole PSC (75%+) of Centropa Investment Holdings Ltd, dissolved November 2022; listed as 'Marco Ernst', Head of Operations, on cgoch.com. See PPL-07. Head of Operations — surname hidden on Corinth's own website.

Son of Jurate Kairiene (born 1994); director of five UK SPVs — Venda Developments, Ilovo Paper, Kent Mikrogolf, Tswana Productions and Copper Moon Ozcorp. See PPL-08. SPV director, son of Kairiene.

A Chur fiduciary, Delegate of the Board of Montana AG Treuhand, listed on cgoch.com as Director of the Board; a director of Corinth Capital RAIF; an officer of Corinth Management Services AG until 18 April 2023; linked to Curatio Holding AG. His trust company operates from Stadtgartenweg 6, the registered office of all six Corinth AGs. See PPL-10. An accomplice — board director and fiduciary at the registered address.

Harris Samaras, associated with Pytheas (Cyprus) Ltd (dissolved), named with Martin Model in Ripoff Report #1134964 (2014) and in complaints on Diebewertung.de (Austrian investor alleging ~€1.5M lost) and Verbraucherschutzforum Berlin (2018). The Pytheas connection — named by victims since 2014.

Director of TTTIH since July 2022, PSC through VMSIH Ltd, director of Lothbury Financial Services Ltd (TTTIH's original PSC). cgoch.com lists him as Head of Analytics and claims FCA CF3 approval (IRN MXP00698). Co-director and co-controller of TTTIH.

Listed on cgoch.com as Head of Legal Affairs – External (Senior Partner, Weinmann-Zimmerli, Zurich) and recorded as a director of Corinth Capital RAIF. External legal head and RAIF director.

A South African national who served twice as a director of TTTIH (Sep 2022–Feb 2024; May–Dec 2024). Twice appointed, twice gone.

Directors of Corinth Capital RAIF and co-founders of Impactus RAIF, which shares the Corinth RAIF's Nicosia address and external manager (SCSS). Fekkas was a RAIF director while working for SCSS, the fund's manager. RAIF directors; Fekkas sat on both sides of the manager relationship.

Ripoff Report #1354982 describes a 2013 matter in which a group paid Dale Changoo US$50,000 and then US$180,000 for 'compliance' in pursuit of Arcis Consortium funding, losing more than US$200,000. Martin Model recommended Changoo on LinkedIn, and the two firms' facility documents are closely similar. See the Changoo Mirror (HOME-M5). An exact mirror — and Model vouched for him.

The predecessor identity (from about 2010) of the Corinth Group. CCG Curatio Capital Group AG was renamed C-Capital Group AG in April 2025. Curatio and Pytheas are named in the first Ripoff Report (2014) and Scamion reviews (2016). The entity that became the Corinth Group.

The earliest known identity in the chain (also written Arcis Consilium), before Curatio. Named in Ripoff Report #1134964 with APAHML (Hong Kong) as companies Martin Model promoted, through which 'no one has ever been financed'. Arcis is also the lender named in the Changoo matter. The start of the chain — already no one funded.

Pytheas (Cyprus) Ltd (HE 159209) is dissolved; Pytheas EXT. (CY) Ltd (HE 372384) last updated January 2018. Complainants describe Pytheas and Corinth/Curatio brands being used together, with contracts and fees routed to Corinth entities. Gone — but the complaints remain.

Its CySEC AIFM licence was revoked on 3 October 2022, about 7.5 months after grant. Revoked.

Corinth Capital RAIF V.C.I.C. Ltd (HE 409232, RAIF31), a Cyprus fund with five sub-funds, managed via Corinth Fund Management and SCSS. Dissolved January 2023. Succeeded by Three Tuns Capital RAIF F.C.I.C. PLC, now in voluntary winding-up. Dissolved January 2023, still advertised on cgoch.com.

UK company 12297863, sole director Alec Theunissen. Incorporated November 2019; never filed accounts; HMRC winding-up petition 18 November 2025; compulsory winding-up order January 2026 — meaning a court found it unable to pay its debts. The Swiss namesake, Corinth Management Services AG, remains active and collects fees. Compulsory liquidation, January 2026.

PSCs: RJ-BAT Consulting Ltd (Alec Theunissen, 25–50%) and VMSIH Ltd (Michael Padley, 25–50%). Earlier PSCs, including Lothbury Financial Services (75%+), have ceased. Theunissen and Padley, via PSC vehicles.

The registered name used for TTTIH (14242045), the UK parent of the Three Tuns structure, with directors Alec Theunissen and Michael Padley. The UK parent company.

Three Tuns is the Corinth UK network renamed on 15–16 June 2023, with unchanged control flowing from the Swiss Corinth AGs. Same people, new name.

CHE-102.223.770, Stadtgartenweg 6, Chur. Registered 24 March 1977 as Photo Max Wagner AG (photographic equipment), renamed Centra Investment AG, then Corinth Investment Holdings AG in November 2019. Sole signatory Jurate Kairiene. Subject of a disputed CHF 85,334.65 enforcement claim (January 2024). The 'founded in 1977' shell.

Integer Wealth Global S.A., Luxembourg (12c Impasse Drosbach), represented by Marc Bandemer; archived marketing closely mirrors Corinth materials. Assessed by the legacy investigation as a distribution channel for Corinth/Curatio products. The Luxembourg channel.

A Corinth Invest leadership page describes Martin Walter Model as 'CEO of Bioplatin AG, a Swiss based Biotech company specialising in the licences for oncology products', alongside 'Director and advisor of Corinth Invest' and '40+ years financial services'. This investigation has not verified his role at Bioplatin AG in the commercial register. Another hat — CEO of a biotech, per Corinth's own site.

At least: 7 Swiss (6 Corinth AGs + Curatio Holding AG), 20+ current or recent UK companies plus 15+ dissolved JMA companies (35+ UK companies with one director in total), 7 Cyprus entities including funds and Pytheas, and 1 Luxembourg entity. 50+, across four jurisdictions.

No completed funded transaction has been verified. No complainant has been funded. PitchBook records one Corinth investment (Morepen), which Morepen says did not proceed as described; a US$64M Addvalue Technologies deal left no evidence of completion. No known funded deal — ever.

A USD 100 million Corinth investment in Morepen Laboratories (India) was announced in April 2021 and approved by 99.97% of Morepen shareholders. Corinth does not appear in Morepen's shareholding (2023; December 2025), and Morepen stated directly that the deal did not proceed as described. Announced, approved — and never done.

Advance-fee fraud is a scheme in which a victim pays upfront fees for a promised benefit — here, large-scale funding — that never arrives. Complainants describe paying €30,000–€80,000 (and up to €5M deposits) for funding that was never provided and fees never refunded. Complainants describe the textbook pattern.

Offer of up to €500M in 45 days at 3%; term sheet signed; €30,000–€80,000 Cost Contribution paid to Corinth Management Services AG; slow UK 'Transaction Office'; Letters of Comfort; late-stage 'major event'; exit clauses; silence. See Section I and The Contract Trap. Five steps — the same for every complainant.

Article 26 of the term sheet: a EUR 80,000 Cost Contribution payable to Corinth, refundable 'in full and without deduction of any costs within 7 (seven) banking days' if due diligence is unsatisfactory or Corinth aborts 'for any reason whatsoever'. No complainant has received a refund. The fee — and the refund that never comes.

The Swiss-law, Court-of-Chur document the client signs first: it sets the facility (LEF, LDF 1, LDF 2), the 'regulated and licensed' funding representations (Articles 6, 30) and the Cost Contribution (Article 26). Execution documents under English law follow after payment. The document that takes your fee.

Revoked licence; no verified deals; mass director resignations; renamed dormant shells; five successive identities; 30+ of 35+ UK companies dissolved; undisclosed beneficial ownership; disputed Swiss enforcement claims; fictitious foreign entities. See Section III. Nine documented red flags.

All six Swiss AGs were existing companies from unrelated trades (photography 1977, architecture 1979, trading, consulting) acquired and renamed between 2018 and 2025. It allows claims such as 'founded in 1977'. Renamed shells with borrowed heritage.

No reasons are recorded. The eight resignations across UK entities occurred on 13–14 June 2023, coinciding with the Corinth → Three Tuns renaming and following the CySEC revocation and RAIF dissolution, about four months before the UK ban on corporate directors. No reasons given — the timing speaks.

Fees are paid to UBS Switzerland AG (IBAN CH92 0020 8208 1419 0360 P, beneficiary Corinth Management Services AG); LGT is also reported as a receiving bank. UBS and LGT — see the UBS modal.

Pluto House, 6 Vale Avenue, Tunbridge Wells TN1 1DJ is a serviced office used as the address of the UK SPVs named as 'Lender' in Corinth execution documents. It is not registered with the FCA. Where the phantom lenders 'live'.

The registered office of all six Corinth AGs and 24+ other companies, and the business address of Montana AG Treuhand, the trust company of Matthias Baechler. Corinth's Swiss address — and Baechler's.

Ripoff Report #1134964 (2014), #1344693 (2016), #1354982 (2024), #1541708; Diebewertung.de; Verbraucherschutzforum Berlin (2018); defunct ScamExposure and Scamion; Google reviews. Links under 'Independent Fraud Allegations Filed On'. Six+ platforms, 2014–2026.

More than 30 complainants across seven jurisdictions, including Germany, South Africa, Kenya, Austria, the USA, Canada and the UK. Several report losses above €400,000; one Austrian investor alleges ~€1.5M. 30+ and still emerging.

One of the Corinth Capital RAIF's five sub-funds, the 'Naturalization Estate Fund', was explicitly designed around the now-abolished Cyprus Citizenship by Investment Programme. No evidence of passports actually obtained through it has been found. It had a fund built for it.

Alec Theunissen is South African; several TTTIH directors are South African or Namibian; SPV names follow Southern African names (Venda, Ilovo, Tswana); Jurie Coetzee was Curatio's 'Regional Director for Africa'; Ripoff Report #1344693 was filed from Johannesburg. Deep South African roots in the UK operation.

Yes. April 2024 register extracts show CHF 1,697,500 claimed against Corinth Investments AG (2022) and CHF 85,334.65 against Corinth Investment Holdings AG (2024), both disputed by Corinth, and 2023 cantonal tax claims settled via the enforcement office. A disputed Betreibung is not a finding that the debt is owed. Yes — CHF 1.78M in disputed claims.

Cite the existing references: Report Fraud RF26040197559C; Insolvency Service CC-2026-150007; FCA 212260926. File with FINMA (+41 31 327 9100, international@finma.ch), the Graubünden prosecutor (info@sta.gr.ch, free), and the FBI IC3 if you paid from the US. Report to your bank and to UBS Compliance. See HOME-M2. Attach your complaint to the open cases.

File a criminal complaint (Strafanzeige) under Art. 146 StGB with the Staatsanwaltschaft Graubünden at info@sta.gr.ch (free), and report unauthorised financial activity to FINMA. Free criminal complaint in Graubünden, plus FINMA.

Article 26 entitles you, on its terms, to a full refund within seven banking days if Corinth aborts. No complainant has received one voluntarily. Practical routes: your bank's fraud and reimbursement scheme; a Suspicious Activity Report; criminal complaints; and civil action in Chur under Swiss law. Take independent legal advice. Start with your bank's fraud team.

No complainant known to this investigation has recovered money from Corinth. Several sending banks have indicated that losses may be covered by fraud-reimbursement schemes. Not from Corinth — ask your bank.