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Tag: Joseph Difesa

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.

Malta’s FIAU Fails To Take Action Against Calamatta Cuschieri

FIAU Malta Mark Lagarde -
It is now several months since shocking court testimony in Malta revealed that Calamatta Cuschieri Investments Services Limited serviced convicted criminals and dealt in huge amounts of cash with the same. In June 2022, Joseph Difesa admitted in court that he withdrew €500,000 in hard cash from Calamatta Cuschieri. No denial was issued by the Maltese license holder, who boasts of being the largest investment broker on the island.

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 Does Not Deny Handing €500,000 In Cash To Client With Criminal Record!

Court Cases Ben -
In mid-June 2022, shocking court testimony in Malta by the convicted criminal Joseph Difesa revealed that MFSA-licensed Calamatta Cuschieri, which operates Calamatta Cuschieri Investment Services Limited, did hand him €500,000 in cash. Before this transaction, Joseph Difesa was found guilty of criminal acts, including organized piracy in the audiovisual industry. This should have made him a high-risk client for any licensed company, but Calamatta Cuschieri did not bother.

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