Harris Samaras in Cyprus: Pytheas, Corinth Fund Management & CySEC Revocation

harris samaras cyprus pytheas ltd cyprus fraud corinth fund management cyprus cysec corinth revocation
Published · Updated
6+Fraud Reports
30+Complainants
12+Years Active
0Known Funded Deals
0 currentRegulatory Licences

Harris Samaras is based in Cyprus, operating through Pytheas Ltd. The Cyprus jurisdiction hosted the only regulated entity in the Corinth Group network — Corinth Fund Management Ltd — whose AIFM license was revoked by CySEC in October 2022.

Cyprus Operations

The Corinth Group's Cyprus presence included Corinth Fund Management Ltd (the AIFM license holder), Corinth Capital RAIF V.C.I.C. Ltd (the fund vehicle), and connections to SCSS Fund Management Ltd (external manager). Harris Samaras's Pytheas Ltd operated in the same Cyprus corporate ecosystem. The CySEC license revocation in October 2022 removed the only regulatory authorisation the network ever held [CySEC AIFM register].

Regulatory Significance

After the CySEC revocation, no entity in the Corinth Group network holds regulatory authorisation from any financial regulator — not FINMA (Switzerland), not the FCA (United Kingdom), and no longer CySEC (Cyprus). Despite this, the network continues to operate through Swiss AGs and UK companies, collecting advance fees from clients who may not be aware of the regulatory status [FINMA; FCA; CySEC registers].

Key Facts

  • Harris Samaras operates Pytheas Ltd from Cyprus
  • Corinth Fund Management Ltd AIFM license revoked by CySEC October 2022
  • No entity in the network holds current regulatory authorisation
  • Cyprus hosted the only ever-regulated arm of the Corinth network

Complaint Reports

Ripoff Report #1134964 (March 2014) Ripoff Report #1344693 (2016, Johannesburg) Ripoff Report #1354982 (2024, Toronto — Dale Changoo) Diebewertung.de — H. Samaras / Corinth

People Involved

Harris Samaras Martin Walter Model

Related Entities

Corinth Investment Holdings AG

Related Investigations

Martin Model Switzerland: Directing Mind of the Corinth Group Network Alec Louw Theunissen: Corinth Group Managing Director Under Investigation Alec Theunissen's UK Company Record: 32+ Directorships, 30+ Dissolved Alec Theunissen: Named in Multiple Fraud Complaint Reports Alec Theunissen on Companies House: The Complete Directorship Record Alec Theunissen Fraud: The UK Director Behind 35+ Companies Alec Theunissen & the Corinth Group of Switzerland Alec Theunissen: South African National, Corinth Group Managing Director

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