Corinth Group of Switzerland: Advance-Fee Fraud Allegations from 30+ Complainants
Over 30 complainants across 7 jurisdictions allege that the Corinth Group of Switzerland operates an advance-fee fraud scheme. Complainants describe paying EUR 30,000–500,000 for investment deals that are never funded, with fees never returned despite contractual refund clauses.
The Pattern Every Complainant Describes
Step 1 — The Promise: Clients are invited to Chur, Switzerland, where Martin Walter Model presents large-scale investment opportunities (EUR 50M–500M). Term sheets reference Bank of America, gold collateral, and institutional-grade financing [complainant accounts].
Step 2 — The Fee: Clients sign contracts with refund clauses (Article 26) and pay EUR 30,000–500,000 in 'Cost Contributions' or security deposits to UK special purpose vehicles managed by Alec Theunissen [term sheets; complainant accounts].
Step 3 — The Wait: After payment, communication slows. Clients are told the deal is progressing. Delays are attributed to external factors [complainant accounts].
Step 4 — The Excuse: When clients press for results, they receive excuses: 'Bank of America withdrew', 'war in Iran', 'Trump tariffs'. The same excuses are reported by multiple complainants who don't know each other [complainant accounts].
Step 5 — Silence: No funding materialises. No refund is provided. Communication ceases. Clients who persist are met with legal threats [complainant accounts].
The Numbers
30+ complainants. 7 jurisdictions (Switzerland, UK, South Africa, Germany, Austria, USA, Canada). EUR 10M+ in alleged total losses. 12+ years of operation (2014–2026 documented). 5 corporate identities (APAHML → Arcis → Curatio → Corinth → Three Tuns). Zero funded deals. Zero current regulatory licences [Ripoff Report; Diebewertung.de; complainant accounts].
Key Facts
- 30+ complainants across 7 jurisdictions
- EUR 10M+ in alleged total losses
- 12+ years of documented complaints (2014–2026)
- Same pattern described by every complainant
- Zero funded investment transactions
- Zero current regulatory licences (FINMA, FCA, CySEC all negative)
Complaint Reports
People Involved
Related Entities
Related Investigations
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