This website has been established by a defrauded investor in the
Classic Investment Fund ("CIF"), ultimately 97% invested in Pignatti's Ponzi scheme -
The Classic Car Fund ("TCCF"),
so both funds could be defrauded as Pignatti struggled to pay his divorce costs and child support.

With Liechtenstein's Scarabaeus Wealth Management (now Prime Fund Solutions)
partnering this fraud, with a non-existent front company Fortuna in St Vincent & Grenadines,
Pignatti concealed his fraud with a bogus Ukraine audit while he removed 10 classic cars from a Zurich garage!!

While Classic Cars have remained an attractive investment asset class for many decades, Pignatti set up and used
CIF and TCCF as a personal ATM, using his German company to buy and on-sell cars with a mark-up,
often failing to transfer ownership out of his name into the funds, recording falsely overinflated values in the accounts,
holding onto loss-making cars that sold at less than 50% of 2017 fund valuation in 2019 at auction,
then ultimately faking an audit from a bogus Ukrainian company whilst the cars disappeared from a Zurich garage.

TCCF Fraud
In 2017 Pignatti constructed an ultra-vires loan to a "marketing" agent, with flawed collateral, which collapsed within 2 years losing 20% of TCCF's assets. Pignatti concealed the losses, whilst marketing to new investors who's monies were diverted to Pignatti's personal account at Lloyds Bank in the UK, with the assistance of the Scarabaeus owned administrator Fortuna staffed out of Bulgaria...

CIF Fraud
The CIF fund started life as a diversified portfolio of mainly Swiss listed stocks, before Pignatti and custodian Neue Helvetische Bank
(now Helvetische Bank) started to liquidate stocks and transfer realised funds into TCCF.
Eventually more than 95% of CIF was invested solely in TCCF, paying fees to Pignatti, Fortuna/Scarabaeus and the custodian banks -
and TCCF's fraudulent collapse took down both funds!!

Filippo Pignatti
Investment Manager,
CIF & TCCF Director

Michael Zuther
Scarabaeus Founder,
CIF Director

Patrick Demi
Scarabaeus CEO,
TCCF Director

CIF was launched on 19/8/2013,

SVG Company number 21903 IBC2013, by principal sponsor Filippo Pignatti Morano. Co-fund director Patrick Dem, former CEO of Scarabaeus Wealth Manament AG, was supported by colleague and legal advisor to the fund Michael Zuther, who acted as director alongside Pignatti..

"The fund seeks growth and conservation of capital, income is a secondary investment objectlve."

The Fund administrators, Scarabaeus Wealth Management AG then Fortuna Administrator Limited in St Vincent & Grenadines, have no local personnel but also provided a Liechtenstein address, c/o Scarabaeus Wealth Management AG. The auditor, AAC Financial Services AG in Liechtenstein, is also auditor to a family of funds launched and run by Scarabaeus Wealth Management AG. The Custodian Bank was Neue Helvetische Bank, Zurich.

The Classic Car Fund ("TCCF") was launched in SVG on 3/6/2011,

SVG Company number19513 IBC2011, by principal sponsor Filippo Pignatti Morano. Co-director Patrick Demi, former CEO of Scarabaeus Wealth Manament AG, was supported by colleague and legal advisor to the fund Michael Zuther. He was succeeded as director in 2016 by Alessandro Pirani.

A liquid fund, in Pignatti's own words....
"The Classic Car Fund is designed to be liquid in a market that can be very illiquid. To achieve that, it keeps a mixture of classic cars at different value points. It's easier to sell a €250,000 car than it is to sell a €2.5million car. Maintaining this mix means the fund is active and agile, allowing it to maximise returns in terms of timings and fund requirements."
"Quote from Pignatti's 30/6/2018 marketing presentation, 1 year after a loan was made to Bernecker of Euro 450,000."

The Fund administrators, Scarabaeus Wealth Management AG then Fortuna Administrator Limited in St Vincent & Grenadines, have no local personnel but also provided a Liechtenstein address, c/o Scarabaeus Wealth Management AG. The auditor, AAC Financial Services AG in Liechtenstein, is also auditor to a family of funds launched and run by Scarabaeus Wealth Management AG. The Custodian Bank was Havilland Bank, Liechtenstein, now in liquidation...