Unmasking the IGA Group: The Maltese Power Brokers Behind the Global BC.GAME and Rabidi Gambling Scandals

Forensic Report: The IGA Group’s Role in the BC.GAME Scheme

Overview of the IGA Group

The Maltese IGA Group — marketed as an “award-winning iGaming service provider” — is a central node in a global network enabling offshore gambling operations, including the controversial BC.GAME platform. Founded in 2017 by Mario Fiorini, the IGA Group provides licensing, compliance, and trust services to online casinos, leveraging its connections to politically exposed persons (PEPs) and lax regulatory jurisdictions.

IGA Group’s Involvement in the BC.GAME Scheme

1. Asset Transfers and Bankruptcy Fraud

• Blockdance B.V. Bankruptcy (Curaçao):
  • IGA Trust B.V. (formerly Wyze Management B.V.), a Curaçao-based subsidiary of the IGA Group, facilitated the transfer of BC.GAME’s assets from the bankrupt Blockdance B.V. to Small House B.V. in April 2024. This left behind $2M+ in unpaid player winnings and liabilities23.
  • Mario Fiorini, CEO of IGA Group, is accused of orchestrating these transfers to shield assets from creditors. Forensic reports allege violations of Curaçao’s criminal code, including embezzlement and money laundering.
• Shift to Belize and Anjouan License:
  • After Small House B.V. also collapsed, BC.GAME migrated to Twocent Technology Limited (Belize), which operates under an Anjouan Gaming license. IGA Trust B.V. managed the license transition, ensuring operational continuity despite regulatory bans in Europe, North America, and Asia-Pacific.

2. Political and Regulatory Collusion

• Curaçao’s Provisional Licensing Scandal:
  • IGA Group, through Mario Galea (ex-Malta Gaming Authority CEO) and Aideen Shortt (PR consultant), designed a provisional licensing system for Curaçao’s Gaming Control Board (GCB). This system granted 155 licenses without transparency, including to BC.GAME.
  • Javier Silvania, Curaçao’s Finance Minister, faces criminal probes for allegedly enabling IGA Group’s licensing fraud. Silvania introduced Galea and Fiorini as “Maltese investors” to modernize Curaçao’s gambling sector, but reforms stalled amid corruption allegations.
• Maltese Connections:
  • Mario Galea and Aideen Shortt (his partner) were embedded in Malta’s gaming regulatory framework before expanding to Curaçao. Shortt’s firm, Lilywhite Limited, and Galea’s Random Consulting Ltd., provided advisory services to BC.GAME and other IGA-linked operators.

IGA Trust’s Role in the Rabidi Case

IGA Trust B.V. (formerly Wyze Management B.V.), a Curaçao-based legal entity and part of the Maltese IGA Group, played a central and controversial role in the Rabidi case, mirroring its involvement in the BC.Game scandal.

1. Key Activities and Allegations

• Asset and License Transfers: IGA Trust facilitated or helped orchestrate the transfer of assets and gambling licenses from Rabidi N.V. (a Curaçao-licensed casino operator) to Adonio B.V. shortly before Rabidi’s bankruptcy. This maneuver is alleged to have shielded assets from creditors and regulators, leaving behind significant unpaid player winnings and liabilities.
• Regulatory Manipulation: The asset transfers were allegedly executed in violation of Curaçao’s criminal code, specifically concerning embezzlement and money laundering statutes. IGA Trust, under the leadership of Mario Fiorini (statutory director), is accused of legitimizing these fraudulent transactions, enabling Rabidi’s operators to evade accountability.
• Crypto Transactions and Anonymity: Both Rabidi and Adonio heavily relied on cryptocurrency transactions, which are illegal under Curaçao law. The use of crypto, combined with the offshore structure facilitated by IGA Trust, allowed for anonymous operations and potential money laundering.
• Pattern of Fraud: The Rabidi case is described as part of a broader pattern where IGA Trust and its network systematically abused Curaçao’s regulatory framework to bypass oversight, facilitate illicit asset transfers, and enable illegal crypto gambling schemes.

2. Conclusion

IGA Trust’s role in the Rabidi case was to provide the legal and operational infrastructure for asset and license transfers that allowed Rabidi’s operators to evade creditors, regulators, and law enforcement. This was achieved through a combination of offshore structuring, regulatory manipulation, and the use of cryptocurrencies for anonymous transactions. The same network and tactics were used in the BC.Game case, exposing a systemic abuse of Curaçao’s regulatory environment by the IGA Group and its associates

Read more about the Rabidi Case here.

Key Entities and Individuals

Media Coverage and Investigations

• Times of Malta: Exposed Fiorini’s alleged role in BC.GAME’s asset transfers and Galea’s ties to Curaçao’s licensing corruption.
• FinTelegram: Detailed IGA Trust B.V.’s facilitation of BC.GAME’s bankruptcy fraud and links to the Rabidi scandal.
• BusinessNow Malta: Highlighted the 400-page forensic report accusing IGA Group of embezzlement and laundering €8M in unpaid debts.

Conclusion and Call to Whistleblowers

The IGA Group operates at the intersection of offshore gambling, political corruption, and financial crime. Its network spans Malta, Curaçao, and Belize, exploiting regulatory gaps to sustain illicit operations like BC.GAME.

FinTelegram urges whistleblowers with insider knowledge of the IGA Group, BC.GAME, or related entities to come forward via our secure Whistle42 system (https://whistle42.com). Your evidence could expose one of iGaming’s most entrenched illegal syndicates.