Argentarius/iMaps Capital
Austrian Andreas Woelfl provides cheap investment vehicles with a veneer of credibility that allow fraudsters to circumvent regulations and capital requirements so they can more easily swindle victims. He did so in Liechtenstein with Minerva Investments, which closed down amid allegations of fraud; then in Malta with Argentarius Group, which closed down amid allegations of fraud, and is now doing so in the Cayman Islands with iMaps Capital, which is essentially Argentarius under another name. When OffshoreAlert interviewed Woelfl in 2017 and asked him about Argentarius’ Exchange Traded Instruments, he bizarrely claimed that his group “does not operate an ETI program”, even though ETIs were its sole or primary product.