Curatio Capital Fraud: The Documented Allegations and Entity Trail

Curatio Capital is named in the earliest known fraud allegations against the network that would become the Corinth Group. This page traces the entity history and documents what complainants allege.

The Curatio-Pytheas Partnership

During the period from approximately 2010 to 2016, entities operating under the Curatio Capital and Pytheas brands worked in partnership. H. Samaras led the Pytheas operations from Cyprus (Pytheas (Cyprus) Limited, HE 159209, now dissolved), while Martin Model is identified by complainants as directing the Curatio operations from Switzerland. The combined Curatio-Pytheas operation claimed to offer access to institutional capital for mid-market companies, a service that required clients to pay upfront structuring and advisory fees.

Pytheas’s Disputed Claims

During this period, H. Samaras claimed that Pytheas managed EUR 320 billion in assets across 44 offices with 1,200+ employees. Independent data sources paint a different picture: RocketReach and Crunchbase listed approximately 22 employees, and Crunchbase listed the main Pytheas entity as “permanently closed.” These are verifiable third-party data points, not assertions by this investigation [RocketReach; Crunchbase;]. CySEC records show that the Curatio-connected Corinth Fund Management Ltd obtained an AIFM license but subsequently had it revoked in October 2022.

What Frankfurt Complainant Described

The complainant who filed Ripoff Report #1134964 from Frankfurt in March 2014 described the following sequence: introduction to Curatio/Pytheas representatives; presentation of investment structuring services; execution of contracts requiring advance fee payment; payment of fees; initial responsiveness from the team; gradual delays and excuse-making; and ultimately non-delivery of the promised services and non-return of fees. This sequence — described in 2014 — matches what later complainants would describe in relation to Corinth Group entities in 2016, 2018, and 2024.

The Corporate Trail from Curatio to Corinth

Swiss commercial register records document the corporate evolution. CCG Curatio Capital Group AG (CHE-108.684.891) held the “Curatio” name until its rename to C - Capital Group AG in April 2025. Curatio Holding AG (CHE-108.743.565), registered at Dorfstrasse 40, Schindellegi (a different address from the Chur-based Corinth entities), lists Roland Jorg Gantner of Wädenswil as president and Matthias Baechler of Malans — the same Baechler who later served as a director of the Corinth Capital RAIF in Cyprus. This personnel overlap between Curatio and Corinth entities is documented in public registry records.

Why “Curatio Capital” Matters Today

Although the Curatio brand has been largely replaced by Corinth and Three Tuns, understanding the Curatio period is essential because it establishes the timeline of allegations. The fact that fraud complaints were filed as early as 2014 — and that the same individuals appear in complaints spanning from Curatio through Corinth to Three Tuns — is relevant context for anyone conducting due diligence on any entity in this network. Prospective clients searching for “Curatio Capital fraud” should be aware that the same corporate principals now operate under different brand names, with the same Swiss AGs and the same controlling individuals at the top of the corporate structure.

Key Facts

• Curatio Capital named in fraud complaint from March 2014 — earliest known report
• Pytheas claimed EUR 320B assets, 44 offices, 1,200+ employees — independent sources show ~22 employees
• Pytheas (Cyprus) Limited (HE 159209) now dissolved
• CCG Curatio Capital Group AG renamed to C - Capital Group AG in April 2025
• Matthias Baechler connects Curatio Holding AG to later Corinth Capital RAIF in Cyprus
• Same advance-fee pattern described from 2014 through to 2024

Complaint Reports

People Involved

Related Entities

Related Investigations