11.8 C
New York
Monday, March 23, 2026
spot_img

Tag: Alan Cuschieri

Malta’s CC Funds Register Significant Losses In 2022

Financial Data Ben -
Clients of CCFunds Sicav plc, part of the Calamatta Cuschieri Group in (CC Finance Group plc) in Malta, have lost significant money during 2022. However, the owners of CC Funds have enjoyed hefty income, despite the losses suffered by their clients. Clients who invested in High Income Bond Fund lost from 10% to 22% in 2022. The Growth Strategy Fund recorded a loss of almost 17%. The financial statements also reveal that clients have started pulling out their investments from CCFunds.

Why? Malta’s Calamatta Cuschieri Selling Its Offices As Restructuring Is Delayed!

Economics and Finance Mark Lagarde -
CC Finance Group plc reported heavy losses in its financial statements ending June 2022, as reported by Fintelegram.  It now transpires that CC Finance Group, the company behind Calamatta Cuschieri, has entered into a promise of sale agreement to sell its offices in Valletta for € 3.15 million. No reason was given behind the sale of this building in Malta’s capital city. It was announced that a board of directors meeting shall be convened on 21 April 2023.

Really? Former MFSA Officials Hid Pilatus Bank Documents In Office!

Malta Financial Services Authority Mark Lagarde -
The Malta Financial Services Authority (MFSA) just keeps making headlines for the wrong reasons. Shocking court testimony by an MFSA official revealed that two MFSA officials hid documents from the magisterial inquiry into the operations of Pilatus Bank in a safe on the Authority’s premises that was only accessible by two people who are no longer at the Authority. This testimony was revealed on Maltese television by a local NGO President.

Malta’s Pussycat Regulator FIAU Issues Token Fine Against HSBC Bank Malta

FIAU Malta Mark Lagarde -
“Being very strong with the weak and very weak with the strong” was the criticism launched towards Malta’s FIAU by various professionals, international media, and institutions. After firing hefty fines against small operators, including advocates and notary public, the FIAU, headed by Kenneth Farrugia and Alfred Zammit, recently came up with a token fine against HSBC Bank Malta. The fine considered a joke by international media is just €83,000. FIAU has earned the reputation as a "Pussycat Regulator."

Bad Times! Huge Losses For Maltese CC Finance Group!

Economics and Finance Ben -
The Maltese CC Finance Group plc, which includes Moneybase and Calamatta Cuschieri Investments Services Limited, registered a loss of €869,000 for the year ended 30th June 2022. This has definitely been a bad year for the Calamata Cuschieri Group. After the year-end, Calamatta Cuschieri Investments Services was found guilty of not meeting the relevant regulatory obligations and ordered by the Maltese court to refund an investor more than €100,000.

Malta’s MFSA Refuses To Answer Questions On Calamatta Cuschieri’s Operations

Malta Financial Services Authority Ben -
Questions sent to the acting CEO of the Malta Financial Services Authority (MFSA), Michelle Mizzi Buontempo, have remained unanswered. Calamatta Cuschieri Investments Services Limited, a MFSA-licensed firm, has been named by a convicted criminal under oath in court, for dishing him out some €500,000 in cash. She was asked whether the MFSA considers such dodgy transactions as legal and if an investigation into Calamatta Cuschieri’s operations is being carried out.

Maltese CC Funds Continue Its Downhill Race!

Broker Mark Lagarde -
Malta’s CC Funds, owned by Calamatta Cuschieri Investments Management, are still registering major losses. Only a handful out of 23 funds has registered a positive return since inception. CC Funds form part of CC Finance Group plc and operate from Malta. The Emerging Market Bond Fund Eur Dist and the Emerging Market Bond Fund Eur Dist lost more than a third of their value since inception. The Growth Strategy fund, which was only registered in November 2021, has almost a quarter of its value.

Maltese CC Funds Recording Substantial Losses!

Investment Schemes Ben -
Malta’s CC Funds, owned by Calamatta Cuschieri Investments Management, has registered major losses over the past months and years. Only 7 out of 23 funds have registered a positive return since inception. CC Funds form part of CC Finance Group plc and operate from Malta. A FinTelegram analysis clearly shows that most CC Funds are making substantial losses. The company’s directors are Nicholas Calamatta, Alan Cuschieri, Alexander Cuschieri, and Carmel John Farrugia.

Malta’s Calamatta Cuschieri Ordered By Courts To Compensate Client Due To Negligence!

Court Cases Ben -
A few months ago, the Maltese Arbiter for Financial Services ruled that Calamatta Cuschieri Investments Services Limited is guilty of not meeting the relevant obligations. The detailed decision describes how an investor lost more than €100,000 through investments that were suggested to him by Malta's Calamatta Cushieri Investments Services. The company appealed the fine, but on 1st July 2022, the Maltese Courts, through Judge Lawrence Mintoff, confirmed the Arbiter's decision.

Malta’s Calamatta Cuschieri Provided Client With €500,000 In Cash According To Court Testimony

FinTelegram Ben -
A shocking court testimony in Malta by Joseph Difesa revealed that Malta-licensed Calamatta Cuschieri (https://cc.com.mt)which operates Calamatta Cuschieri Investment Services Limited was handed €500,000 in cash by his investment advisor. The court case revolves around an alleged fraudster, Ryan Schembri, who after receiving millions from various Maltese investors, fled to Dubai. Years later, he was arrested in Scotland and extradited back to Malta whereby he is facing multiple charges including money laundering.

Maltese Calamatta Cuschieri was found guilty of not following investments rules!

Malta Financial Services Authority Ben -
The Maltese Arbiter for Financial Services ruled that Calamatta Cuschieri Investment Services Ltd (www.cc.com.mt) d/b/a Calamatta Cuschieri is guilty of not meeting the relevant regulatory obligations. The detailed decision describes how an investor lost more than €100,000 through investments, which were suggested to him by Calamatta Cuschieri. The MFSA-regulated company is part of the CC Finance Group PLC and one of the largest financial services firms in Malta and is also the distributor of UBS funds in Malta.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Contact us: [email protected]

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.

© Copyright - FinTelegram News powered by Cyber Intelligence Services LLC