TGI AG’s regulatory issues in Liechtenstein started with a securities fraud warning in late April.
TGI AG founder Helmut Kaltenegger ignored the warning, prompting the Finanzmartaufischt (FMA) escalate to a securities fraud stop and desist on Might twenty sixth.
FMA’s stop and desist contained an injunction order, successfully prohibiting TGI AG’s operation and promotion in Lichtenstein.
On June 2nd TGI AGI’s Liechtenstein places of work had been raided on the route of the Public Prosecutor’s Workplace.
Particulars of the TGI AG prison investigation into TGI AG and Kaltenegger have but to be made public. Within the meantime although, TGI AG and its promoters seem like spreading misinformation.
This has prompted a response from FMA, who revealed a “clarification” on June eleventh.
The FMA is at the moment receiving quite a few inquiries and studies concerning TGI AG. Moreover, false claims concerning the FMA are circulating.
On this regard, the FMA clarifies the next …
The FMA has neither induced the affected contracts to turn into non-terminable nor has it ordered that, within the occasion of a compensation or rescission of the funds obtained beneath the affected contract fashions (“buy costs”), reductions or (premium) charges already paid out to prospects should be reclaimed or offset.
Nor has the FMA authorised or endorsed any new or modified contracts, merchandise, or practices of TGI AG. Nor can any approval, seal of approval, or the like be inferred from the truth that the FMA doesn’t touch upon contracts, merchandise, or different issues. The enterprise mannequin or particular person merchandise of TGI AG have been neither authorised nor endorsed by the FMA.
The FMA notes that it can not present data on particular person civil legislation issues and recommends that TGI AG prospects seek the advice of a lawyer concerning questions on current contracts (e.g., termination rights) or proposed contract amendments.
I’m studying a bit between the strains right here, nevertheless it seems, quietly behind the scenes, TGI AG is making an attempt to additional screw traders out of cash.
TGI AG is an MLM gold ruse Ponzi scheme. Funding is solicited on the promise of two% to 4% a month for 36 months.
TGI AG shouldn’t be registered to supply securities in any jurisdiction, nor has it filed audited monetary studies with regulators.
The FMA’s cited “contracts” presumably refers back to the 36 month funding contracts TGI AG illegally solicits funding into.
Presumably, within the wake of regulatory fraud warnings, stop and desist orders and workplace raids, TGI AG traders have begun demanding refunds.
TGI AG is refusing to pay out, claiming the FMA’s stop and desist order has by some means made the 36-month funding contracts “non-terminable” (unable to be cancelled).
Because the FMA factors out, that is after all baloney.
The FMA’s second level of clarification is self-explanatory. Monetary regulators, not simply in Liechtenstein, by no means endorse services and products provided by corporations.
Once more, studying between the strains, TGI AG and/or its promoters have been advertising new funding contracts they declare are “FMA authorised”.
On why TGI AG is trying to weasel out of refunding traders, that’s a straightforward one. Within the wake of regulatory motion and workplace raids in Liechtenstein and Germany additionally banning TGI AG, recruitment of latest traders has seemingly plummeted.
No new traders means no new cash to pay out, and so right here we’re.
The beginnings of TGI AG’s collapse are evident in web site site visitors tracked by SimilarWeb. For Might 2026, SimilarWeb tracked ~103,000 month-to-month TGI AG web site visits. This represents a month-on-month drop in site visitors of round 8%.
Not ground-breaking however sufficient to trigger issues. Particularly if issues are trying bleaker in June, which given FMA’s late Might stop and desist and early June raids, they in all probability are.
Over the identical Might 2026 interval SimilarWeb tracked prime sources of TGI AG web site site visitors as Germany (60%) and Austria (37%).
As beforehand talked about, BaFin did ban TGI AG nationwide however that clearly hasn’t been sufficient.
Helmut Kaltenegger is an Austrian nationwide who resides in Austria. Regardless of this and Austria being the second largest supply of TGI AG recruitment, Austrian authorities have but to take motion.
