Investment Fund Fraud: Claiming Regulated Status Without Authorisation

Investment fund fraud involves entities that claim regulated fund status contradicted by the regulatory record to attract investor capital or justify fee collection. This page documents how the Corinth Group network has presented itself as operating 'registered and licensed investment funds' despite limited and now-revoked regulatory authorisation.

The Regulatory Claim

The Corinth Group's website (cgoch.com) has at various times described its entities as “registered and licensed investment funds” [cgoch.com archived content]. This claim implies that the entities are authorised by financial regulators and subject to the investor protections that come with regulated fund status. However, the regulatory reality is significantly different.

Actual Regulatory Status

Switzerland (FINMA): None of the six Swiss AGs holds any FINMA authorisation. They are registered as ordinary AGs (Aktiengesellschaften) in the Swiss Commercial Register but are not licensed as financial institutions, asset managers, or fund managers [FINMA public register].

Cyprus (CySEC): Corinth Fund Management Ltd (HE 428770) did hold a CySEC AIFM license (AIFM48/56/2013) — this was the only regulated entity in the entire network. CySEC revoked this license in October 2022. The associated Corinth Capital RAIF (HE 409232) was dissolved in January 2023 [CySEC AIFM register].

United Kingdom (FCA): No Corinth Group or Three Tuns entity holds FCA authorisation. The UK entities are registered at Companies House as ordinary limited companies [FCA register].

The Gap Between Claim and Reality

The gap between claiming to operate “registered and licensed investment funds” and the actual regulatory status of the entities is significant. When potential clients see a Swiss corporate address, references to European banking relationships, and claims of regulated fund status, they reasonably expect that the entity is supervised by a financial regulator. In the case of the Corinth Group, the only regulatory authorisation ever held — the CySEC AIFM license — has been revoked.

Unverified Jurisdictional Claims

The cgoch.com website has also claimed to operate “Private Investment Companies registered in Mauritius, Switzerland, Ireland, Spain and Singapore.” Comprehensive registry searches in all four non-Swiss jurisdictions — the CNMV and Registro Mercantil (Spain), FSC and Bank of Mauritius (Mauritius), CRO and Central Bank of Ireland (Ireland), and ACRA and MAS (Singapore) — found no Corinth Group entities, no principal names as directors, and no regulatory registrations [Registry searches, Feb 2026]. These jurisdictional claims could not be substantiated through registry searches.

How to Verify Fund Status

Before investing in any fund or paying fees to a fund manager, verify regulatory authorisation directly with the relevant regulator: FINMA (Switzerland), FCA Register (UK), CySEC (Cyprus). Do not rely on claims made on the entity's own website or marketing materials.

Key Facts

• cgoch.com claimed 'registered and licensed investment funds'
• Zero FINMA authorisation for any Swiss entity
• CySEC AIFM license — only regulated entity — revoked October 2022
• No FCA authorisation for any UK entity
• Claims of entities in Mauritius, Ireland, Spain, Singapore — all unverified, not substantiated through registry searches
• Corinth Capital RAIF dissolved January 2023
• Always verify fund status directly with the financial regulator

Complaint Reports

People Involved

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