Corinth Group: Scam Allegations from Multiple Independent Sources
The Corinth Group of Switzerland is the subject of multiple independent fraud allegations spanning over a decade. This page presents documented facts from corporate registries, regulatory databases, and third-party complaint platforms.
What Is the Corinth Group?
The Corinth Group is a network of entities registered across Switzerland, the United Kingdom, and Cyprus. The Swiss entities are registered at Stadtgartenweg 6, 7000 Chur, and include Corinth Investment Holdings AG (CHE-102.223.770), Corinth Management Services AG (CHE-103.982.016), and four other AGs. All six Swiss AGs list Jurate Kairiene as president and sole signatory [Swiss Commercial Register].
The Fraud Allegations
Between 2014 and 2026, at least six independent fraud reports have been filed against entities and individuals associated with the Corinth Group network. Ripoff Report #1134964 (filed March 2014) describes a pattern of advance-fee collection where clients were asked to pay substantial upfront fees under contracts promising access to institutional financing. A second Ripoff Report (#1344693), filed from Johannesburg in 2016, alleges a similar pattern. Reports on Diebewertung.de describe an Austrian investor who alleges losses of approximately EUR 1.5 million. Additional complaints appeared on Verbraucherschutzforum Berlin and other consumer protection platforms.
Corporate Structure and Pattern
Public registry records reveal that every one of the six Swiss AGs was a pre-existing dormant company that was acquired and renamed. For example, Corinth Investment Holdings AG was previously “Photo Max Wagner AG” before being renamed to “Centra Investment AG” and then to its current name [Zefix, CHE-102.223.770]. This pattern of acquiring existing dormant companies rather than incorporating new entities is consistent across all Swiss entities in the network.
In the United Kingdom, Alec Theunissen appears as director of 25+ companies, of which 30+ are dissolved or in liquidation [Companies House]. The primary UK operating entity, Corinth Management Services Ltd (company 12297863), entered compulsory liquidation by court order in January 2026 — meaning a court determined it could not pay its debts [Companies House, UK, company 12297863].
Regulatory Record
In Cyprus, Corinth Fund Management Ltd (HE 428770) held an Alternative Investment Fund Manager (AIFM) license from the Cyprus Securities and Exchange Commission (CySEC). This license was revoked in October 2022 [CySEC AIFM register]. The associated Corinth Capital RAIF (HE 409232), a regulated alternative investment fund, was dissolved in January 2023. No Corinth Group entity holds any current regulatory authorisation from FINMA (Switzerland), the FCA (United Kingdom), or CySEC (Cyprus).
Who Is Behind the Corinth Group?
Third-party complainants and public registry data identify Swiss economist Martin Walter Model of Chur as the directing mind behind the Corinth Group network. Model does not appear as a registered director or person of significant control (PSC) of any Corinth entity. Instead, corporate records show that his wife Jurate Kairiene controls the Swiss entities, his son Justinas Kairys directs five UK special purpose vehicles, and his son Marco Ernst Model was the sole PSC of Centropa Investment Holdings Ltd (dissolved November 2022). Multiple complainants describe this as a structure that has the effect of shielding Model from personal liability.
Key Facts
- 6+ independent fraud reports filed between 2014 and 2026
- CySEC AIFM license revoked October 2022
- Corinth Management Services Ltd (UK) in compulsory liquidation — court-ordered January 2026
- All 6 Swiss AGs were pre-existing dormant companies acquired and renamed
- No current regulatory authorisation in any jurisdiction (not FINMA, FCA, or CySEC)
- Martin Walter Model identified by multiple sources as directing mind — holds no registered corporate position
- Multiple jurisdictions: Switzerland, UK, Cyprus, Luxembourg, India
Complaint Reports
People Involved
Related Entities
Related Investigations
Have You Been Affected?
If you have information about any of the people or entities described on this site, your account could help ongoing investigations and other affected parties.
Contact Us Confidentially