Falcon Funds

Bank of Valletta notifies Argentarius Group of ‘fraud liability’

July 16, 2019

The closure of the Malta operations of Argentarius Group, which now operates in the Cayman Islands as iMaps Capital, coincided with preliminary legal action against it by the Bank of Valletta regarding an alleged investment fraud that resulted in losses of at least €79 million, OffshoreAlert can reveal.

Scandal-plagued Argentarius Group closes in Malta, moves to Cayman

July 12, 2019

Amid legal and regulatory issues, Argentarius Group - which provides low-cost, regulation-free investment funds to asset managers, particularly fraudsters - has closed down in Malta, having moved its headquarters to the Cayman Islands, where it operates as iMaps Capital.

Malta’s Ex-Finance Minister banned for not protecting allegedly swindled investors

October 4, 2017

Former Malta Finance Minister Tonio Fenech has been banned from accepting any new appointments with regulated entities by the Malta Financial Services Authority for failing to adequately supervise a company of which he is a director and whose investors were allegedly swindled out of up to €247 million. Fellow Malta nationals Ian Zammit and Joseph Xuereb were similarly penalized.

Malta’s Argentarius Group kicked off Gibraltar Stock Exchange

September 21, 2017

Argentarius Group, which operates investment platforms in Malta, Gibraltar and the Cayman Islands on which several suspect schemes have been trying to raise funds, has been kicked off the Gibraltar Stock Exchange.