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Swiss Investors in Liechtenstein SICAV potentially damaged USD$60M to $100M



Lugano (Switzerland) Investment Manager Copernicus Wealth Management/CEO Marco Boldrin and Liechtenstein based Administrator 1741 Fund Management AG/CEO Markus Wagner are alleged to have significantly damaged Investors in a SICAV. It is further alleged that Copernicus Wealth Management/CEO Boldrin and 1741 Fund Management AG/CEO Wagner have not only failed to fulfill their Fiduciary duties but have also harmed Investors — according to Investors in the SICAV who are seeking legal action.  The SICAV’s Liquidator Sabine Frohlich is also alleged to have harmed Investors.

Claims against Investment Manager Copernicus Wealth Management/CEO Boldrin and 1741 Fund Management AG/CEO Markus Wagner:

  1. Filed False and Incorrect NAV;
  2. Failure to file accurate financials, including inaccurate balance sheets;
  3. Failure to respond to Investor Inquiries;
  4. Failure to honor a published Exchange Offer for the SICAV;
  5. Investors have suffered multimillion dollar financial loses due to alleged negligent Fund Management by Copernicus, including lost investment opportunities;
  6. Investors have also suffered multimillion dollar financial losses due to Copernicus’s reckless and self serving actions in discharging Blockchain Investment Advisory (BIA) as Investment Advisor to the Fund — after BIA earned Investors NAV of +232% in 2021; and,
  7.  Each of FINMA (Switzerland) and FMA (Liechtenstein) has been silent and has not helped Investors. 

Claims against Liquidator Attorney Sabine Frohlich:

Because of the alleged harmful actions of Copernicus and 1741 AG, Attorney Sabine Frohlich of Vaduz (Liechtenstein) was appointed in December 2022 as Liquidator of the SICAV.  However, it is alleged that Attorney Sabine Frohlich is allegedly working closely with cited harmful actors Copernicus and 1741 Fund Management AG, and continuing to harm Investors through her inaction and recklessness.  

Specific claims against Sabine Frohlich include: 

 (i) No Experience.  Sabine Frohlich is a Litigation Attorney who has NO direct financial or business experience and this inexperience could have catastrophic results for Investors;

 (ii) Fund lacks Expert Portfolio Manager — Fund is highly complex yet no dedicated blockchain technology experts to manage portfolio;

 (iii) Disastrous cash management – Fund has an estimated cash balance of $30M, yet no cash management harming Investors daily;

 (iv) No efforts to preserve or enhance value of Investment Positions;

Potential Credit Suisse Claims

As an equity holder of Copernicus Wealth Managment, Credit Suisse would potentially be liable for its portion of these losses of up to $100 M.  We understand that Copernicus has been the subject of a wide variety employee and Investor lawsuits and is potentially a FINMA target.  

Lugano (Switzerland) Investment Manager Copernicus Wealth Management, which is partially owned by Credit Suisse, is alleged to have significantly damaged Investors in a SICAV. It is further alleged that Credit Suisse owned Copernicus Wealth Management has not only failed to fulfill their Fiduciary duties but have also harmed Investors — according to Investors in the SICAV who are seeking legal action.  

When Credit Suisse indicated in November 2022 that it would attempt to sell its stake in Copernicus, WAS this potential sale by Credit Suisse intended to avoid legal liability of the actions of Copernicus?

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