Companies & register data
Company names, registration numbers, registered addresses, incorporation and dissolution dates from official registers in Sweden, the UK, Bulgaria, Cyprus and Estonia.
Lead investigationRegister & network documentation
Corporate and officer links Magnell/Felixberger: register data, roles and periods – documented, not asserted.
Focus of the lead investigation
- Nathalie Isabella Magnell
- Niklas Felixberger
- Mikael A. Moscoso Santos
- Johan Fredrik Reveman
- Kenneth Lindmark
- Mats Gustaf Jonsson
- Rolf Anders Zabala Vaca
- Eric Johan Eriksson
- Giovanni Eric Angelo Nanni
- Arturs Kurmans
We document the publicly available register data on the companies and officer roles around Nathalie Isabella Magnell and Niklas Felixberger. The basis is official registers, public notices and evidenced sources – no conjecture and no assessment of any individual's conduct.
11 documented networks, 60 companies, 28 register events across 6 jurisdictions (SE · UK · BG · CY · EE · DE): every entry carries a date, a source and an evidence class. Naming a person is not a finding of unlawful conduct; assessments stay separate from register facts.
New investigation update17.10.2026Unconfirmed · Comment requested
Stuart Isted, PayTech and the Magnell network
Whistleblowers have provided screenshots said to show direct communication between Stuart Isted, described as an executive of PayTech, and Nathalie Isabella Magnell. Newly submitted email excerpts dated 14 Aug 2026 name the partner Delos and an initiated euro-to-USDC conversion. The material has not yet been independently verified; this is not a finding of unlawful conduct.
Read the full update →Editorial seals
Four commitments this documentation may be measured against
Source-checked
Every entry carries a date, source and evidence class. Official register extracts first.
Register-backed
Roles and company data come from publicly accessible commercial registers.
Fact separated from assessment
Facts, observations and unconfirmed tip-offs are kept visibly apart.
Corrections & right of reply
Those named get an objection and correction path; changes are logged.
Scope
What is documented here
Officer roles & periods
Who was managing director, director or beneficial owner, and when? Current and former roles are kept separate and dated.
Check items & records
Named check items per network – names close to known brands, bundled filings, shared registered addresses – each with a status: documented, to be reviewed separately, or no link established.
Approach
Register- and source-driven
Every statement in a case file is assigned an evidence class – from the official register to an unconfirmed tip-off. Register-backed corporate roles are facts; assessments, anomalies and tip-offs are marked as such. We thus strictly separate fact from observation.
Networks
Documented networks at a glance
11 networks with companies, officer roles and named check items – every entry with source, retrieval date and evidence class. Naming a person is not a finding of unlawful conduct.
Invoicea / Karlavägen network (SE)
Swedish core of the set: several companies at the same Stockholm business address, with Magnell and Felixberger as joint officers.
SECompanies: 3Persons: 3
UK limiteds / Golders Green network
Six UK limiteds with the same director and registered office; five of them registered within two days in September 2025.
UKCompanies: 6Persons: 1
Brand-name network (Weltsparen, Zinspilot, Verivox, Raisin)
Companies whose names match well-known German deposit, savings and comparison platforms – in Sweden from 2016, in the UK from 2025.
SE · UKCompanies: 5Persons: 2
Prior insolvencies network (Felixberger sphere)
Five Swedish companies with former roles of N. Felixberger that went into bankruptcy or liquidation between 2019 and 2023.
SECompanies: 5Persons: 1
Role-change network 2022 (SE)
On a single day five board mandates of N. I. Magnell ended while a new one began at the same time.
SECompanies: 7Persons: 2
Cross-border chains network (BG, CY, EE)
Participation and holding chains via Bulgaria, Cyprus and Estonia, linked through Kenneth Lindmark and Mats Gustaf Jonsson.
BG · CY · EECompanies: 3Persons: 3
Ownership / UBO network (SE)
Beneficial ownership data where the available sources conflict on the date.
SECompanies: 1Persons: 2
Promode / Spice It Up / Bluehaven
The report dated 17 Sep 2026 describes an indirect chain of personal links from Magnell through Jonsson and Spice It Up EJE AB into the environment of Promode Tech Solutions AB. No direct shareholding, officer role or control by Magnell at Promode was established.
SE · UKCompanies: 5Persons: 5
W & V Wertkontroll- und Vermögensschutz GmbH (DE)
Recently formed Berlin GmbH appearing as a trust and escrow provider under the domain wuv-treuhand.com. Two law firms have published warnings; one classifies the site as a misuse of the genuine company's name. Transfer receipts for payments to Invoicea Sverige AB and Zinspilot Sverige AB are held by the editorial office but will not be published – the payment flow is thus evidenced for the editorial office but cannot be independently verified by third parties.
DE · SECompanies: 4Persons: 1
Extended Jonsson / Reveman environment
The research update dated 22 Sep 2026 extends the documented company circle via Mats Gustaf Jonsson by a UK structure (EDWARDS LEGACY LIMITED with a Swedish branch) and several Swedish companies; in addition, supplementary register links via Johan Fredrik Reveman are shown. Inclusion expressly does not constitute an allegation of unlawful conduct.
SE · UKCompanies: 14Persons: 2
Stuart Isted, PayTech and the Magnell network
Investigation update of 17 Oct 2026: whistleblowers have provided screenshots said to show direct communication between Stuart Isted (described as an executive of PayTech) and Nathalie Isabella Magnell. Payment flows and a possible fiat-to-crypto conversion are being examined. The material has not been independently verified; comment has been requested. Not a finding of unlawful conduct.
UKCompanies: 1Persons: 2
Editorial desk
Who is behind TRUST WATCH
TRUST WATCH is a documentation and research platform, not a law firm. No legal services are offered. How items are checked, classified and published is set out in the methodology; provider details are in the imprint.
Investigation
Corporate and officer links
Companies, officer roles, periods and registered addresses around Magnell/Felixberger – each item with source, retrieval date and review status. General due diligence red flags are kept separate in the knowledge area.
Affected parties
Affected yourself?
Describe the matter in a structured way, with evidence. Every tip-off is first recorded as unconfirmed.
Report a tip-off →Guides
Guides for affected parties
General orientation: immediate steps, securing evidence and red flags. Not legal advice in an individual case.
To the guides →Right of reply
Information incorrect?
Named persons and companies may submit corrections and statements. Evidenced errors are corrected and logged.
Corrections process →