At the turn of the new year GetEasy
CEO Tiago Fontoura got in front of a phone camera
and told the world that GetEasy had established a trust fund in Luxembourg.

This company has a fund in Luxembourg, our own bank, investment bank… as I told you.

This was followed up by
a clarification announcement from IFC Group
, GetEasy’s Ponzi partner in crime, again asserting the existence of the fund:

All our future members investment funds will be channeled through the proper fund structures. For this we have bought and created two Master Fund Vehicles in Luxembourg, already registered and in Bloomberg, and in Cayman, on the brink of being registered.

Additionally the newly release iGetMania compensation plan also directly refers to the fund, claiming it is authorised by the CSSF (Luxembourg’s primary financial regulator):

Despite these claims that the fund iGetMania has set up in Luxembourg is already registered, turns out that’s not the case.

According to the CSSF, a registered fund doesn’t even exist.

The Commission de Surveillance du Secteur Financier (CSSF) are the primary financial sector regulator in Luxembourg.

As per their website, the CSSF

supervises, regulates, authorises, informs, and, where appropriate, carries out on-site inspections and issues sanctions.

Moreover, it is in charge of promoting transparency, simplicity and fairness in the markets of financial products and services and is responsible for the enforcement of laws on financial consumer protection and on the fight against money laundering and terrorist financing.

In response to Fontoura and IFC Group’s claims of a trust fund being established in Luxembourg, yesterday (January 21st) saw the CSSF issue the following warning:

WARNING

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named iGetMania which claims to have established in Luxembourg an alleged investment fund named ACG1 regulated by the CSSF.

The CSSF informs the public that
neither iGetMania nor ACG1 have been granted the required authorisation to provide financial services in or from Luxembourg
and that they are not subject to the supervision of the CSSF.

If iGetMania have any business operations in Luxembourg, they are certainly not registered to do so. But that kind of happens when your gig is running a global Ponzi money laundering operation…

Fontoura and IFC Group also claim to have set up trust funds in the Cayman Islands and Abu Dhabi, along with being on the verge of registering their very own investment bank in the UAE.

Whether there’s even the slightest shred of truth to either claim remains to be seen.

🤖 Quick Answer

Did GetEasy establish a Luxembourg trust fund as claimed by CEO Tiago Fontoura?
Luxembourg's financial regulator CSSF found no evidence of the claimed fund. GetEasy's CEO and IFC Group made unsubstantiated assertions about establishing Master Fund Vehicles in Luxembourg and registration on Bloomberg, claims that regulatory investigations determined to be false.

What regulatory action did Luxembourg authorities take regarding these claims?
The CSSF, Luxembourg's financial supervisory authority, investigated the claims and issued statements contradicting the existence of properly registered and authorized fund structures, exposing the misleading statements made by GetEasy and its associated entities.

Were the iGetMania compensation plans authorized by CSSF as stated?
No. The iGetMania compensation plan falsely referenced CSSF authorization for the claimed Luxembourg fund. Regulatory findings confirmed these authorization claims were fabricated and the fund structures did not exist as represented

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