Tag: Lifestar

Strange: Maltese Financial Chief Supervisor Accused Of Pushing Licensee To Sell Business To Competitor!

Malta Financial Services Authority Mark Lagarde - March 10, 2023

LifeStar Insurance, a licensed Maltese insurance firm, has filed court proceedings against its regulator and one of its top officials. The owner of major insurance company LifeStar, formerly Global Capital, has taken the Malta Financial Services Authority (MFSA) to court, claiming “arbitrary and capricious treatment,” and accused a top MFSA official of pressuring him to sell his company to a competitor. Even under Maltese measures, this is a strange case!

Maltese CC Funds Recording Substantial Losses!

Investment Schemes Ben - August 3, 2022

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.

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