Who provided material assistance to Pignatti in the CIF & TCCF Frauds?
Pignatti operated both funds from Zurich - yet SVG administrative operations, managed by Scarabaeus in Liechtenstein/Bulgaria, through Fortuna Administration, a shell company and name plate only,
and 2 Scarabaeus directors Michael Zuther and Patrick Demi, facilitated his fraud.
Neue Helvetische Bank actively participated in asset stripping CIF to fund TCCF, which lead to CIF's collapse when TCCF collapsed.
 Filippo Pignatti Investment Manager, CIF & TCCF Director |
 Michael Zuther Scarabaeus Founder, CIF Director |
 Patrick Demi Scarabaeus CEO, TCCF Director |
Filippo Pignatti
Italian Count of Custoza, Swiss-based Filippo Pignatti, was the founder and director of CIF and TCCF. Working with his co-directors Michale Zuther and Patrick Demi, he effectively embezzled both funds as his personal ATM. TCCF was run as a Ponzi scheme, with classic cars the nvestemnt scheme. CIF was initially a swiss equity portfolio fund, until 2015 when it was ransacked by Pignatti and all equities liquidated and transferred into TCCF, with the complicit help of Neue Helvetische Bank.
Exposing The Classic Car Fund (TCCF) and Filippo Pignatti Morano
Scarabaeus, Fortuna, and now MB Fund Service
Michael GerhardZuther
Founder and director of Scarabaeus Wealth Management, Swiss based German national Zuther uses cross-border financial structures to attract client monies into various fincial schemes - with Demi, diamonds (Forever Diamonds Gmbh), cars (Keep it Classic AG), gold are the investment targets. Zuther even misrepresented himself as an SVG lawyer in various TCCF/CIF fund documents (and 5 Scarabaeus Fund prospectuses), and acted as a directr of CIF for some years. Zuther and Demi also established Hawk Fund Management AD in Bulgaria on 30 January 2014, Company Number 202912159, with also performed back office functions for Fortuna and Scarabaeus.
Scarabaeus, Fortuna, and now MB Fund Service
Patrick Demi
CEO of Scarabaeus Wealth Management, and director of Pignatti's fund management company Classic Car Fund Management, as well as director of TCCF up to end of 2015. Patrick partnered with Zuther to establish a family of SVG-registered funds, many of which have recently been liquidated. Zuther and Demi also established Hawk Fund Management AD in Bulgaria on 30 January 2014, Company Number 202912159, with also performed back office functions for Fortuna and Scarabaeus. Demi and Zuther worked together on Rubin Real Estate Gmbh, Forever Diamonds Gmbh
Scarabaeus Wealth Management in Liechtenstein, now Prime Fund Solutions
Registered in 2012 in Liechtenstein, and also in SVG, Scarabaeus launched an SVG family of funds marketed to Europoean investors. Chaired by Michael Zuther and with CEO Patrick Demi, Scarabaeus re-branded its SVG entity as Fortuna Administration to create a false air of independence. The reality, however, was that Liechtenstein, then a back office in Bulgaria, as Hawk Fund Management, undertook the administration services. Following many fund collapses and scandals, Scarabaeus has now re-branded as Prime Fund Solutions, since late 2024. The TCCF and CIF frauds took place with full complicity of Scarabaeus/Fortuna, as well as with the involvement of Zuther and Demi, even re-directing investor subscriptions into Pignatti's personal bank account at Lloyds Bank in the UK.
Fortuna Administration in SVG, owned by Scarabaeus
Formerly Scarabaeus Wealth Management in SVG, set up in 2012, it changes its name to Fortuna Administration, seemingly to create the false air of independence.
The web-site www.fortuna.vc simply forwarded to www.scarabaeus.li until late 2024. There were never any local personnel hired by Fortuna in SVG, and a press research team entered their building, with a camera crew, and were told laughingly to contact Liechtenstein!!
Neue Helvetische Bank, Zurich, now Helvetische Bank
Neue Helvetische Bank ("NHB") provided custodian services to CIF, and also nominee shareholder services to many TCCF & CIF investors. Complicit in the 2015 onwards ransacking of CIF, whereby all liquid swiss equity holdings were liquidated then siphoned into TCCF, NHB basically greenlighted Pignatti's fraud of CIF, in breach of its custodial duties to safeguard CIF's assets.
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