Martin Model Fraud: What Complainants and Public Records Reveal

Swiss economist Martin Walter Model of Chur is identified by multiple independent sources as the directing mind behind a sequence of entities through which complainants allege advance-fee fraud. This page documents the fraud allegations and the public record evidence that underpins them.

The Fraud Allegations Against Martin Model

Between 2014 and 2026, at least six independent fraud reports have been filed on public platforms naming Martin Model in connection with advance-fee collection schemes. The earliest known report, Ripoff Report #1134964 (filed March 2014 from Frankfurt), describes a pattern where clients were invited to Chur, Switzerland, at their own expense, asked to pay EUR 50,000–100,000+ in advance fees described as “Cost Contributions,” and then received no funding and no refund. One commenter on this report stated: “Martin Model is well known within this up-front scam industry” [Ripoff Report #1134964, March 2014].

A second Ripoff Report (#1344693) filed from Johannesburg in 2016 alleges the same pattern, this time naming the Corinth Group directly and referencing South African investors recruited through intermediaries. A report on Diebewertung.de describes an Austrian investor alleging losses of approximately EUR 1.5 million. Additional complaints appeared on Verbraucherschutzforum Berlin (December 2018) and other consumer platforms.

Five Sequential Corporate Identities

Public registry records and third-party reports document that Martin Model has operated through at least five sequential corporate identities over approximately two decades: APAHML (Hong Kong, dissolved 2021–2022) → Arcis Consortium → Curatio Capital → Corinth Group → Three Tuns. Swiss commercial register records confirm that CCG Curatio Capital Group AG was renamed to C - Capital Group AG in April 2025 [Zefix, CHE-108.684.891]. In the United Kingdom, Corinth-branded companies were systematically renamed to “Three Tuns” between 2022 and 2023 [Companies House, UK]. Each rebranding cycle follows the same pattern described by complainants: accumulation of fraud complaints under one name, then migration to a new identity.

The Family-Controlled Corporate Structure

A critical feature of Martin Model’s alleged operations is that he does not appear as a registered director or Person of Significant Control (PSC) of any entity in the network [Companies House, UK; Zefix, Switzerland;]. Instead, corporate records show his wife Jurate Kairiene as president and sole signatory of all six Swiss AGs, his son Justinas Kairys as director of five UK special purpose vehicles, and his son Marco Ernst Model as sole PSC of Centropa Investment Holdings Ltd (company 12886659, dissolved November 2022). Multiple complainants describe this family-controlled corporate structure as having the effect of shielding Model from personal legal liability while he maintains operational control.

Unverified Credentials and Jurisdictional Claims

Model describes himself as a “graduate economist” with “40+ years in financial services” on the Corinth Group website (corinthinvest.com). However, his university has never been identified despite comprehensive searches, zero academic publications have been found across 38 database queries (Google Scholar, SSRN, ResearchGate), and a claimed prior career as a Shell oil economist does not appear in any of his public biographies spanning 14 years and 100+ archived web snapshots [Wayback Machine, Google Scholar, SSRN, ResearchGate]. The Corinth Group website (cgoch.com) also claims entities registered in Spain, Mauritius, Ireland, and Singapore. Comprehensive registry searches in all four jurisdictions returned negative results — no Corinth entities, no Model-linked directors, and no regulatory registrations [CNMV Spain, FSC Mauritius, CRO Ireland, ACRA Singapore].

Zero Regulatory Authorisation

No entity associated with Martin Model currently holds regulatory authorisation from any financial regulator. The sole regulated entity in the network — Corinth Fund Management Ltd in Cyprus — had its AIFM license revoked by CySEC in October 2022. Despite this, cgoch.com continued to describe its entities as “registered and licensed investment funds” after the revocation, a representation contradicted by the regulatory record [CySEC AIFM register].

Key Facts

• 6+ independent fraud reports filed between 2014 and 2026 across multiple platforms
• 5 sequential corporate identities: APAHML → Arcis → Curatio → Corinth → Three Tuns
• Does not appear as director or PSC of any entity — all registered positions held by family members
• University unidentified despite comprehensive searches — credential claims unverified
• Jurisdictional claims (Spain, Mauritius, Ireland, Singapore) all returned negative in registry searches
• CySEC AIFM license revoked October 2022 — website continued claiming 'registered and licensed'
• Austrian investor alleges EUR 1.5M losses; J. Stark (USA) confirmed victim June 2024

Complaint Reports

People Involved

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