After house search: unrest among TGI investors

Those affected exchange ideas on the Internet Customers out and wonder if they receive the money – or the gold you bought become. According to its own information, the gold dealer is based in Vaduz more than 50,000 customers. At the beginning of June, the public prosecutor’s office searched the offices because of the Suspicion of serious commercial fraud and money launderingwhich the company rejects.

The investigations also extend to Austria. As a spokeswoman for the Liechtenstein public prosecutor told the Austrian news magazine News confirmed, requests for legal assistance were sent to the Austrian authorities in the proceedings against TGI AG.

The main shareholder of TGI AG is the Viennese couple Helmut and Katarina Kaltenegger, whose Puls4 documentary soap “The Kalteneggers – A Family Like a Gold Rush” was taken offline by the television station this week after the allegations became known.

“Gold discounts” core of the business model

The core of TGI AG’s business model are so-called “gold discounts”: customers buy gold, pay and then wait for years before they are then supposed to receive gold at a discount. Sales took place mainly via WhatsApp and Telegram via “recommendators”.

In a press release published on its website on June 4, TGI AG stated that it “is cooperating fully with the relevant investigative authorities and firmly rejects the allegations of fraud and money laundering.” The company also stated that it was convinced that it had “acted at all times in accordance with the applicable legal provisions”. Business operations will continue without restrictions.