Switzerland Fraud: How Advance-Fee Schemes Exploit Swiss Corporate Credibility

Switzerland's reputation as a global financial centre makes it an attractive jurisdiction for entities seeking credibility. This page documents how the Corinth Group network uses Swiss corporate registrations to lend legitimacy to what multiple independent complainants describe as an advance-fee advance-fee fraud scheme, according to complainants.

Why Switzerland?

Switzerland is home to over 200 banks, strict financial regulation through FINMA (the Swiss Financial Market Supervisory Authority), and a centuries-old reputation for financial stability. Registering an Aktiengesellschaft (AG) in Switzerland is relatively straightforward and does not require FINMA authorisation unless the entity conducts regulated financial activities. This creates an opportunity for entities to present a Swiss corporate address without being subject to Swiss financial regulation.

The Corinth Group's Swiss Presence

The Corinth Group operates six Swiss AGs, all registered at Stadtgartenweg 6, 7000 Chur, in the canton of Graubünden. These entities are: Corinth Investment Holdings AG (CHE-102.223.770), Corinth Management Services AG (CHE-103.982.016), C-Capital Group AG (CHE-108.684.891), C-Software Solutions AG (CHE-101.372.769), Corinth Investments AG (CHE-114.816.959), and Corinth Investment Services AG (CHE-135.599.437) [Swiss Commercial Register / Zefix].

All six entities list Jurate Kairiene, a Lithuanian national, as president and sole signatory. None of the six AGs hold any FINMA authorisation [FINMA public register].

Dormant Company Acquisition Pattern

Public registry records reveal that five of the six Swiss AGs were pre-existing dormant companies that were acquired and renamed. For example, Corinth Investment Holdings AG was previously “Photo Max Wagner AG” before becoming “Centra Investment AG” and then its current name. C-Capital Group AG was previously “CCG Curatio Capital Group AG,” linking it to the earlier Curatio Capital brand [Zefix historical records]. This pattern of acquiring existing dormant companies rather than incorporating new entities is consistent across the network.

Swiss Regulatory Context

FINMA maintains a public warning list of entities operating without authorisation. Investors dealing with Swiss-registered companies should verify that the entity holds appropriate FINMA authorisation before transferring funds. The Swiss Commercial Register (Zefix) provides free access to company registration details, including director names, registered addresses, and corporate purpose statements.

For entities based in Canton Graubünden, the cantonal prosecutor's office (Staatsanwaltschaft Graubünden) has jurisdiction over criminal complaints including fraud (Art. 146 StGB). The federal prosecutor (Bundesanwaltschaft) may also have jurisdiction for cross-border cases.

How to Report Swiss Investment Fraud

If you believe you have been defrauded by a Swiss-registered entity, you can file a criminal complaint (Strafanzeige) with the relevant cantonal prosecutor's office free of charge. For the Corinth Group entities registered in Chur, this is the Staatsanwaltschaft Graubünden. You can also report concerns to FINMA and check their warning list for previously flagged entities.

Key Facts

• 6 Swiss AGs registered at single address: Stadtgartenweg 6, 7000 Chur
• None hold FINMA authorisation — not regulated as financial service providers
• 5 of 6 AGs were pre-existing dormant companies acquired and renamed
• All controlled by single individual: Jurate Kairiene (Lithuanian national)
• Canton Graubünden prosecutor has jurisdiction for criminal complaints
• Swiss AG registration does not require FINMA approval
• FINMA warning list is publicly searchable at finma.ch

Complaint Reports

People Involved

Related Entities

Related Investigations