The Corinth Group Shell Network

Ownership structure

Click any node to open its registry record.

Three tiers, one family. Swiss AGs signed by Jurate Kairiene → UK parent TTTIH (Theunissen, Padley) → five SPVs directed by her son Justinas Kairys. Centropa — Marco Model, 75%+ — sat above the UK tree and was dissolved one month after the CySEC revocation. The SPVs have no employees, no trading and no funding ever deployed. The SPVs appear to function as contractual counterparties without trading or funding activity.

Accounting failures and filing violations

• Corinth Management Services Ltd (12297863) — incorporated November 2019; never filed a single set of statutory accounts in 6+ years; HMRC winding-up petition 18 Nov 2025; wound up by court order January 2026 (compulsory liquidation). Sole director: Alec Theunissen.
• Three Tuns Investment Holdings Ltd (14242045) — filed dormant (unaudited) accounts for year ending July 2024. At the time it had two active directors, two PSC vehicles, a live website and a Cyprus RAIF subsidiary. Dormant status appears inconsistent with Companies Act 2006 s.1169.
• All surviving Three Tuns entities — accounts overdue.

Six years of trading fees and not one set of accounts — until HMRC's petition had the company wound up. A holding company declared “dormant” while it had directors, PSC vehicles, a live website and a Cyprus fund. Every surviving Three Tuns entity overdue. This is the filing record of the companies clients paid.

Batch incorporation pattern

Batches of shells, spun up and dissolved. 15+ 'JMA' companies — every one dissolved.

Director churning at Three Tuns Investment Holdings

PSC churn: Lothbury Financial Services (original 75%+ PSC), Three Tuns 1959, CLLC Consulting and Three Tuns Consulting all ceased as PSCs. Current PSC vehicles: RJ-BAT Consulting (Theunissen, 25–50%) and VMSIH (Padley, 25–50%). Alec Theunissen holds two separate Companies House officer IDs.

10 appointments held by 9 individuals. Eight departures by seven people between 20 September 2022 and 31 December 2024; Trevor Du Preez accounts for two departures. The shortest completed tenure was 4 days (Devinder Paul); the longest was approximately 17 months (Trevor Du Preez’s first appointment). Alec Theunissen and Michael Padley remain listed as active directors.

Companies House officer records: Three Tuns Investment Holdings Ltd (14242045)

The Swiss dormant-company pattern

Registry: Zefix record · Stadtgartenweg 6 also houses Montana AG Treuhand (Matthias Baechler) and 24+ other companies.

cgoch.com: 'Corinth Group of Switzerland is a Private Investment Group founded in 1977…' · 'With over 40 years experience…' · PitchBook repeats 'Founded in 1977'.

Corinth tells clients it was “founded in 1977” with “over 40 years experience”. 1977 is the year Photo Max Wagner AG, a photographic-equipment company, was registered. Corinth acquired the dormant company and renamed it in 2019 — and repeated the exercise with an architect's practice, a trading company and a consultancy. Acquiring dormant companies is lawful; presenting their age as an investment heritage is not a history Corinth earned. Corinth branding dates from October 2018. Jurate Kairiene holds individual signature authority across the six Corinth AGs; her C-Capital appointment was recorded in December 2025.

Mass rebrand — June 2023

Context: follows CySEC AIFM revocation (Oct 2022), RAIF dissolution (Jan 2023) and Centropa dissolution (Nov 2022). The eight director departures at Three Tuns Investment Holdings span September 2022–December 2024 and involve seven people; they were not a simultaneous June 2023 event. 'Rhea' branding also used in Switzerland (Rhea Investments AG → Corinth Management Services AG), showing coordinated Swiss–UK naming.

Seven Corinth-branded UK entities renamed 'Three Tuns' on 15–16 June 2023 — eight months after the CySEC revocation and five months after the RAIF dissolution. Same people. New name.

Swiss debt-enforcement claims against Corinth AGs

Creditors have pursued the Corinth companies through the debt-enforcement office in their home town. In August 2022 a Swiss company lodged a CHF 1,697,500 claim against Corinth Investments AG; in January 2024 a Dubai company lodged CHF 85,334.65 against Corinth Investment Holdings AG. Corinth lodged objections (Rechtsvorschlag) to both claims. An objection is not a finding that the debt is or is not owed. The Canton of Graubünden needed enforcement proceedings to collect Corinth's taxes in 2023. None of this is disclosed by Corinth to prospective clients.

No unpaid loss certificates (Verlustscheine) registered for any of the three AGs in the preceding 20 years.

Cyprus — licence, funds and personnel

Cyprus is where Corinth obtained its only licence and where it lost it — in seven and a half months. Its fund carried a “Naturalization Estate Fund” built around the Cyprus citizenship-by-investment programme. After the revocation the fund was dissolved and a successor fund set up with new directors, which is now itself in winding-up. Jurate Kairiene holds individual signature authority across the six Corinth AGs. Her appointment at C-Capital Group AG was recorded in the Swiss notice published 1 December 2025, which also recorded Rita Mlodischewski’s departure; her role at C-Capital should not be projected back across the earlier period.

Luxembourg — Integer Wealth Global S.A.

• Integer Wealth Global S.A., 12c Impasse Drosbach, L-1882 Luxembourg; principal representative Marc Bandemer.
• Legacy investigation holds 14 archived IWG marketing documents showing shared branding elements, the same investment-structuring services and closely mirrored language with Corinth materials.
• Relevant regulator: CSSF (Luxembourg).

The Luxembourg connection: IWG's archived materials mirror Corinth's branding and services; Marc Bandemer is the principal representative of Integer Wealth Global S.A., whose marketing material closely mirrors Corinth’s. An additional distribution channel extending the network to a fourth European jurisdiction.

Other records

• Claimed jurisdictions that do not exist. cgoch.com (from late 2024) claimed entities in Spain, Mauritius, Ireland and Singapore. Registry searches in Feb 2026 (CNMV, FSC Mauritius, CRO Ireland, ACRA Singapore): no Corinth entities, no principals as directors, no regulatory registrations.
• PitchBook — records one Corinth investment: Morepen Laboratories (28 Apr 2021).
• corinthinvest.com — earlier Corinth website (contact: [email protected]); cgoch.com is the current site.
• Addvalue Technologies (Singapore), 2008–09. Addvalue’s 2008 annual report records a Pytheas term sheet dated 11 February 2008. Its 2009 report says it terminated the agreement after unmet pre-completion conditions despite extensions. Sources: Addvalue Annual Report 2008, p. 87; Annual Report 2009, p. 2.

Identity chain and timeline

Naming note: the earliest identity appears in the sources both as “Arcis Consortium” and as “Arcis Consilium”. Both forms refer to the same entity.

Complete entity register

Switzerland — company register

Corinth Management Services AG moved its registered office from Chur to Hofmattstrasse 14, 4431 Bennwil; the Swiss notice was published on 12 June 2026. References to its earlier Chur address describe the historical record.

Swiss official notice, 12 June 2026: registered office moved to Bennwil

United Kingdom

Cyprus — see CORP-11. Luxembourg — Integer Wealth Global S.A. (CORP-12).