Three Tuns Investment Fraud Allegations: Successor to Corinth Group

Three Tuns Investment Holdings Ltd represents the latest entity identity in a sequence that multiple complainants trace through Corinth Group, Curatio Capital, and Arcis Consortium. This page examines why complainants allege the Three Tuns entities continue the same pattern.

Same Principals, New Name

The key individuals behind Three Tuns Investment Holdings Ltd (14242045) are the same people associated with the Corinth Group entities that attracted fraud complaints. Alec Theunissen, who directed Corinth Management Services Ltd (now in compulsory liquidation), is a director of Three Tuns Investment Holdings. The UK SPVs beneath Three Tuns are directed by Justinas Kairys, the son of Jurate Kairiene, who controls all six Corinth Swiss AGs. The PSC chain flows from the Swiss Corinth entities down through the Three Tuns structure — the corporate hierarchy has not changed, only the names [Companies House, UK].

The Entity Rename Chain

Companies House filing histories document the name changes in detail. Three Tuns Consulting Ltd (11952117) was previously named “Corinth Investment Holdings Ltd” — note that this is a UK company, distinct from the Swiss AG of the same name. Three Tuns Capital Group Ltd (11956319) was previously “CCG Capital Group (UK) Ltd.” Three Tuns Trading Ltd (11953256) was previously “JMA DLI Investment Holdings Ltd.” Nightbirde (SA) Ltd (11953338) was previously “Saci Holdings Ltd” and then “Three Tuns 1953 Ltd.” A batch of additional entities were incorporated on the same date (19 May 2019) and later renamed from their original names: Three Tuns 1959, Three Tuns 1962, Three Tuns 1965 [Companies House, UK, company filing histories].

Complainants Describe Continuity

Complainants who have dealt with both the Corinth Group and Three Tuns entities describe identical engagement patterns. According to these accounts: the same individuals make the same representations about access to institutional capital; the same contract suite is presented (including the advance fee and refund clause structure documented in the Contract Trap analysis); and the same explanations for delays are offered after fees are collected. The June 2024 update to Ripoff Report #1134964 by “J. Stark,” who identified as a victim, referenced entities that span both the Corinth and Three Tuns periods.

No Operational Substance Identified

Despite the elaborate corporate structure — multiple holding companies, SPV layers, PSC vehicles, cross-jurisdictional entities — no evidence of operational investment activity has been identified for any Three Tuns entity. No Three Tuns entity appears in public databases of completed investment transactions. The five SPVs (Venda, Ilovo, Mikrogolf, Tswana, Copper Moon) appear to exist solely as corporate vehicles with no employees, no published accounts showing trading activity, and no apparent commercial purpose beyond their position in the corporate hierarchy. Companies House records show that Three Tuns Capital Group Ltd (11956319) and Three Tuns Consulting Ltd (11952117) are both marked for potential strike-off from the register [Companies House, UK].

Key Facts

• Same individuals (Theunissen, Kairys, Kairiene) control both Corinth and Three Tuns entities
• PSC chain runs from Swiss Corinth AGs through Three Tuns Holdings to UK SPVs
• Multiple UK entities renamed from Corinth/JMA to Three Tuns between 2022–2023
• Batch incorporation: several entities incorporated on same date (19 May 2019)
• Three Tuns Capital Group and Three Tuns Consulting both marked for strike-off
• No evidence of operational investment activity in any Three Tuns entity

Complaint Reports

People Involved

Related Entities

Related Investigations