TGI AG banned in Germany for investment fraud
TGI AG has been banned in Germany for violations of the German Investment Act.
BaFin, Germany’s top financial regulator, announced the TGI AG ban on April 20th, 2026.
On April 18, 2026, the German Federal Financial Supervisory Authority (BaFin) prohibited TGI AG from publicly offering the investment products “Customer Basic 2%” and “Customer Basic 2% + Loyalty Discount” due to violations of the German Investment Act.
These products offer interest payments and the delivery of gold in exchange for the temporary loan of funds. TGI AG is prohibited from offering these investment products for purchase in Germany.
BaFin notes its ban “is not yet legally binding” but “is immediately enforceable”.
TGI AG is an MLM gold ruse Ponzi scheme fronted by founder Helmut Kaltenegger:
Kaltenegger is an Austrian national and runs TGI AG from Austria.
As of March 2026, SimilarWeb was tracking ~79,600 monthly TGI AG website visits (“tgi.li”).
Top sources of TGI AG website traffic over the same period were Germany (88%), Austria (8%) and Switzerland (5%).
Helmut Kaltenegger and Katarina Kaltenegger were recently acquitted of fraud charges in Austria and celebrated accordingly in a big way at a club.
However, an acquittal is no free pass: Criminal charges not proven does not mean the matter is legally unproblematic. Civil lawsuits are already underway, and their outcome is likely to be more decisive initially.
10 years ago:
Helmut K. sold protective screen protectors for mobile phones (“my ProTec”) – naturally as an MLM scheme too!
youtube.com/watch?v=DvBGJMAFym8 (german)
Before that, Helmut K. was a partner at “AH Future Vertriebs GmbH, Austria” – classified as an unethical business model in the coffee systems sector
t.ly/1bgHu
Wolfgang Liebe from Germany, who lists various locations as his place of residence online (Kiel, Cremlingen, and Hameln), promotes TGI AG through his own website. A post from April 15, 2026, on Facebook on the TGI AG account.
postimg.cc/WD20M0gF
facebook.com/reel/1491033969213087/
The domain registration for tgigold.de was last updated on February 13, 2025.
postimg.cc/MnrzDSjN
The tgigold.de website does not exist; instead, it redirects to
tgi.li/de-de/independent-recommender/liebe
postimg.cc/RWCctccw
Wolfgang Liebe on LinkedIn. There, he states that he has been working as an independent consultant for TGI AG since July 2020.
postimg.cc/1n1fZqrm + postimg.cc/CBWbWXB9
linkedin.com/in/wolfgang-liebe-86822a360/
Wolfgang Liebe describes himself on Instagram as an entrepreneur and includes a link to go-lr.com, but this link is no longer valid and does not lead to any website.
postimg.cc/9rVDrZTV
instagram.com/wolfgang_liebe
On XING, Wolfgang Liebe describes himself as an independent sales partner for LR Health & Beauty, a German MLM company that has been in business for many years. LR Health & Beauty is currently trying to avert impending bankruptcy.
postimg.cc/pydTcLdW
xing.com/profile/Wolfgang_Liebe2
The Liechtenstein Financial Market Authority issued a warning on April 22, 2026.
postimg.cc/9RSy4zp5
fma-li.li/de/news/warnung-tgi-ag-1615
The Austrian Financial Market Authority (FMA) also issued a warning on April 22, 2026.
postimg.cc/yWfS8LPp
fma.gv.at/die-fma-warnt-vor-angeboten-der-tgi-ag
Thanks. Everybody’s getting securities fraud warnings this week!
Addition to comment #3.
Wolfgang Liebe (right) and Helmut Kaltenegger know each other personally. Photo from April 27, 2025, on Wolfgang Liebe’s Facebook account.
postimg.cc/tY3YCqCp
facebook.com/photo/?fbid=1324334982199030&set=ecnf.100038676217359
One-hour video from April 23, 2026.
postimg.cc/SnBf9NbD
youtube.com/watch?v=UBmUW7DLtZs
Helmut Kaltenegger talked a lot but didn’t provide any facts. He clearly didn’t achieve much with this video, as only 300 likes on 6,534 views is a dismal result.
Jonathan Antonio Kühnle from Fürstenzell, Germany, promotes TGI AG on Facebook, Instagram, and through his own website fragdenjonathan.de. A post from April 14, 2026, on TGI AG’s Facebook account.
postimg.cc/cKjMtGPV
facebook.com/reel/1491033969213087/
Jonathan Kühnle’s website does not exist; instead, it redirects to linktr.ee/goldmitrabatt, which features this imprint and a photo of him.
postimg.cc/18JGpJ9k + postimg.cc/CnbW6NjZ
linktr.ee/goldmitrabatt
He also includes a link to his personal TGI account.
postimg.cc/q66rGbHd
tgi.li/de-de/independent-recommender/jonathan-antonio-kuhnle
Jonathan Kühnle on Instagram promoting TGI AG.
postimg.cc/7fWkRyYM
instagram.com/fragdenjonathan.de
Martin Kreitlein from Würzburg, Germany, and Silvia Schmitt are promoting the TGI AG scam on a website.
postimg.cc/N9kFSRz0 + postimg.cc/k2JcpyYS
The imprint is complete, but Martin Kreitlein does not provide a phone number.
postimg.cc/k22cC59c
goldkaufmitrabatt.imlebe.net/impressum.htm
On March 4, 2026, Martin Kreitlein started a Facebook group that has 16 members.
postimg.cc/YGQ7skjN
As the admin of this group, Martin Kreitlein doesn’t use his real name—instead, he goes by Martin Krtln. Why? He obviously knows he’s promoting a fraudulent business model.
postimg.cc/BtYg8FmV
facebook.com/groups/1231775415779553
A photo of Martin Kreitlein (aka “Martin Krtln”).
postimg.cc/F70VT6rm
facebook.com/groups/1231775415779553/user/100003464316488
Martin Kreitlein (aka “Martin Krtln”) has removed the advertisement for the TGI AG scam from his website and now links to the ban issued by the German BaFin on April 20, 2026, and to TGI AG’s YouTube channel.
postimg.cc/ctv4rrBy
goldkaufmitrabatt.imlebe.net
Advertising for TGI AG is now also prohibited in his Facebook group “Goldkauf mit Rabatt.”
postimg.cc/DW5XG4LW
facebook.com/groups/1231775415779553
German serial scammer Mario Emmrich is promoting a new version of discounted gold purchases via email and a short video dated May 5, 2026.
postimg.cc/DJV7mph5
t43e7c857.emailsys1a.net/mailing/177/9159999/13928595/18189/4b1ec4fe54/index.html
A 2% discount is offered, and delivery is reportedly scheduled for one month later. After making 10 more purchases per month, the discount increases to 3%.
postimg.cc/MX3fpx4Y
youtube.com/watch?v=jwpvP5z6fZI