Unmasking the IGA Group: Malta’s Hidden Power in the BC.GAME and Rabidi Gambling Scandals

Forensic Findings: The IGA Group’s Role in Offshore Schemes

Overview of the IGA Group

The Maltese-based IGA Group, promoted as an “award-winning iGaming service provider,” stands at the center of an international gambling network. Established in 2017 by Mario Fiorini, the company specializes in licensing, compliance, and trust services for online casinos. Its activities rely heavily on connections to politically exposed persons (PEPs) and regulatory environments with weak oversight.

IGA Group’s Connection to the BC.GAME Case

1. Asset Transfers and Bankruptcy Maneuvers

• Blockdance B.V. Bankruptcy (Curaçao):
  In April 2024, IGA Trust B.V. (formerly Wyze Management B.V.), a Curaçao subsidiary of IGA Group, arranged the transfer of BC.GAME’s assets from the bankrupt Blockdance B.V. to Small House B.V.. This restructuring left over $2 million in unpaid player winnings and outstanding liabilities.

• Allegations Against Mario Fiorini:
  Forensic experts accuse IGA Group’s CEO, Mario Fiorini, of organizing these transfers to protect assets from creditors, actions that allegedly violated Curaçao’s criminal code involving embezzlement and money laundering.

• Relocation to Belize and Anjouan Licensing:
  After Small House B.V. also collapsed, BC.GAME operations were shifted to Twocent Technology Limited (Belize) under an Anjouan Gaming license. IGA Trust B.V. supervised this licensing switch, ensuring continued operation despite restrictions across Europe, North America, and Asia-Pacific.

2. Political and Regulatory Collusion

• Curaçao’s Provisional Licensing Scandal:
  Through Mario Galea (former Malta Gaming Authority CEO) and Aideen Shortt (PR consultant), IGA Group influenced the creation of a provisional licensing model for Curaçao’s Gaming Control Board (GCB). This opaque framework issued 155 licenses, one of which went to BC.GAME.

• Role of Curaçao’s Finance Minister:
  Javier Silvania, Finance Minister of Curaçao, is under criminal investigation for allegedly enabling IGA Group’s licensing activities. He presented Galea and Fiorini as Maltese “reformers” of Curaçao’s gaming sector, though reforms were overshadowed by corruption claims.

• Maltese Connections:

• Mario Galea and Aideen Shortt were deeply involved in Malta’s gaming oversight before shifting their focus to Curaçao.

• Shortt’s Lilywhite Limited and Galea’s Random Consulting Ltd. both advised BC.GAME and other IGA-linked operators.

IGA Trust’s Role in the Rabidi Case

1. Main Allegations and Activities

• Asset and License Transfers:
  IGA Trust B.V. helped move assets and licenses from Rabidi N.V. (Curaçao-licensed) to Adonio B.V. shortly before Rabidi’s bankruptcy. This maneuver allegedly safeguarded assets from regulators and creditors, leaving players with unpaid balances.

• Regulatory Violations:
  The transfers are suspected to breach Curaçao’s laws on embezzlement and money laundering. As statutory director, Mario Fiorini is accused of enabling fraudulent structuring.

• Crypto and Anonymity:
  Rabidi and Adonio depended on cryptocurrency payments, prohibited under Curaçao law. Combined with IGA Trust’s offshore setup, this system allowed anonymity and potential laundering of funds.

• Systematic Fraud Pattern:
  The Rabidi case is viewed as part of a wider pattern where IGA Trust manipulated regulations to bypass oversight, conceal assets, and facilitate illegal crypto gambling.

2. Conclusion on Rabidi

IGA Trust provided the operational and legal framework that enabled Rabidi to transfer assets, avoid liabilities, and keep operating outside legal reach. The same tactics and network were also central to the BC.GAME scandal, suggesting systemic misuse of Curaçao’s regulatory loopholes.

Key Entities and Individuals

Media Coverage and Investigations

• Times of Malta: Reported on Fiorini’s alleged role in BC.GAME’s asset transfers and Galea’s licensing involvement.

• Scam-Or Project: Investigated IGA Trust’s role in the BC.GAME and Rabidi asset diversion scandals.

• BusinessNow Malta: Published details from a 400-page forensic report accusing IGA Group of embezzling and laundering over €8 million in unpaid obligations.

Conclusion: A Network of Regulatory Abuse

The IGA Group operates across Malta, Curaçao, and Belize, exploiting weak oversight to sustain offshore gambling businesses like BC.GAME and Rabidi. The evidence suggests a coordinated system of asset transfers, fraudulent licensing practices, and use of cryptocurrency for anonymity.

Call to Whistleblowers

The Scam-Or Project invites insiders with knowledge about IGA Group, BC.GAME, Rabidi, or related entities to submit information through our whistleblower section. Testimony and evidence may help expose one of the most entrenched gambling networks in the iGaming sector.