FMA Official Warning
On April 22, 2026, the Liechtenstein FMA warned that TGI AG is not licensed or registered in the country. The company is not listed in the FMA’s official register.
It is illegal for TGI AG to offer financial services in Liechtenstein, including accepting deposits or repayable funds. The FMA strongly advises consumers not to invest with TGI AG or transfer any money.
TGI AG: MLM Gold Scheme Under Scrutiny
TGI AG is an Austrian-based multi-level marketing (MLM) company that promotes gold investments. It is founded and run by Austrian national Helmut Kaltenegger.
Authorities describe it as a high-risk gold investment scheme that operates like a Ponzi model.
Multiple Countries Issue Warnings
TGI AG is facing regulatory action across Europe:
- Liechtenstein – FMA securities fraud warning (April 22, 2026)
- Austria – Official warning issued on April 22, 2026
- Germany – Investment fraud ban issued on April 20, 2026
High Website Traffic Raises Concerns
As of March 2026, the company’s website (tgi.li) received approximately 79,600 monthly visits. Most visitors came from:
- Germany (88%)
- Austria (8%)
- Switzerland (5%)
Consumer Advice
Offering unregistered securities to the public violates financial laws in Liechtenstein and other regulated markets. Consumers should avoid any investment offers from TGI AG and never send money.
