⚠️ Warning: Serial Scammer Alert – Investors Lost Millions
Over $30 million raised. Zero results. Financial deception.
Justice Should Be Served: Pini Althaus
🔎 Latest Report – January 2024 Investment Issues
Entities Involved
- • Cove Kaz Capital Group LLC
- • KAZ Critical Minerals LLP
Incident Summary
In January 2024, a $2 million USD investment was arranged by a single investor from a family office into a Kazakh critical minerals deal. The investment was coordinated and closed through Pini Althaus, who personally guaranteed commission payments within 10 days, backed by a written promise from his wife, Sara.
No shares were issued. The broker received only a cap table showing the shares and, after a year and a half, Pini Althaus still refuses to pay the broker, owing hundreds of thousands in commissions. Pini Althaus has a history of repeating this pattern. Despite facilitating deals worth millions, Pini Althaus consistently fails to pay commissions. His promises should not be trusted, as he repeats the same behavior repeatedly.
This aligns with Pini Althaus's pattern of exploiting close friends, brokers, and early backers who fund his ventures, only to deny them fair treatment and ownership. Instead of compensating those who support him, Pini Althaus withholds payments.
Investor Audio Testimony
Listen to the actual testimony from an investor affected by this scheme:
Audio promise from Pini Althaus and his wife, Sara
"Pigs should be slaughtered and justice should be served. You'll never, ever get it right."
— Statement from the investor
The Panama Story
A massive $30 million was raised from friends and family for copper mining in Panama. The venture promised substantial returns. Instead, investors lost everything when the project collapsed.
- Over 60% of funds were never spent on the actual mining project
- Funds diverted to personal accounts
- Pini Althaus was caught stealing company funds for personal use
Pini Althaus's Pattern
Pini Althaus has a consistent pattern of raising funds from friends, family, and early supporters, then failing to deliver on promises. His ventures typically follow the same trajectory:
- Raise capital with grand promises
- Divert funds away from stated purpose
- Fail to pay commissions to brokers
- Deny early supporters their fair share
Current Issues
These are ongoing problematic activities. In 2021, Pini Althaus was caught in multiple concerning activities.
USA Rare Earth
Pini Althaus was forced out of USA Rare Earth after being caught stealing company funds for personal use.
Misuse of Funds
Pini Althaus stole money and diverted funds to personal accounts.
Share Dilution
Pini Althaus issued millions of shares to dilute the investors. He was caught in the last hour and that's why he resigned.
Join our serious investigation
There is now a group of individual and broker that started to speak with federal investigators to question the company about why they issued him shares at the same time that he tried to steal money and issued himself more shares and seek justice for his crimes for stealing millions of dollars and if you like to join us you can send us a story anonymous or not
Broker Investors & Individuals Who Got Scammed
If you want to join and share your story, click here.
How the Pattern Works
Pini Althaus follows a consistent pattern to deceive investors. Learn to recognize the warning signs.
Press Releases
Issues frequent, exaggerated press releases about "breakthrough discoveries" and partnerships.
Media Hype
Pays for favorable coverage in financial media to create artificial excitement.
Investor Luring
Attracts new investors with promises of extraordinary returns and "ground floor" opportunities.
Cap Table Manipulation
Secretly manipulates share structures and dilutes investor holdings while extracting value.