On February 6, 2026, a routine filing appeared in Switzerland’s Swiss Official Gazette of Commerce. The entry recorded a corporate mutation for a company at Via San Gottardo 10, 6900 Lugano, Canton Ticino. VAT number CHE-282.777.136. The company’s name was changing from Ivancore SA to Ticore SA.

To a casual observer this was unremarkable paperwork. To readers of the Scientology Money Project, the VAT number told the entire story.

CHE-282.777.136 is Ivancore SA. It is also Ticore SA. The entity is identical. The address is identical. The VAT number — the permanent identifier that follows a Swiss company regardless of what name appears on its letterhead — is identical. Only the name has changed, and names in the Scientology Money Club change for one reason: the old name became a liability.

This is that story.

Background: What Ivancore SA Was

Ivancore SA was a steel trading company incorporated in Lugano, in the Swiss canton of Ticino. It was founded by Ivan Gaspari, a high-level Scientologist and IAS donor, using an initial capitalization of CHF 115,000 — an amount insufficient to pay a single Swiss salary, let alone operate a commodity trading firm in one of Europe’s most expensive cantons.

The real capitalization came from Trish Duggan, identified by Scientology’s own publications as the Church’s wealthiest member. Duggan invested $30 million in Ivancore SA, routed through three separate accounts: $10 million from a Bank of America account in Los Angeles; $10 million from the Trish Duggan Revocable Trust in Delaware; and $10 million from a personal account in Clearwater, Florida. Duggan’s money manager, London-based Scientologist Osman Ozsan — who runs multiple Deuterium-branded entities in London, Clearwater, and the Cayman Islands — oversaw the investment.

The investment did not go as planned. IAS registrar Tyler Pirak persuaded Gaspari to donate $9 million of the Duggan money to the IAS. Pirak also sought an ownership stake in Ivancore to be held through his own sister. When the scheme unraveled, Trish Duggan’s attorney — fellow Scientologist Steven Hayes, who had previously worked with GPB Capital Holdings owner David Gentile — filed criminal charges against Gaspari with Swiss authorities in direct violation of L. Ron Hubbard’s explicit policy forbidding Scientologists from reporting other Scientologists to civil law enforcement.

Gaspari was jailed in June 2023, two days after being released from hospital following a stroke. He has been in Swiss detention ever since. He was convicted in October 2024 and sentenced to 5.5 years. He is currently serving that sentence in a Ticino prison. 

Meanwhile, Danny Masterson — a Scientologist convicted of drugging and raping multiple women — had his crimes covered up by Scientology’s Office of Special Affairs for decades before finally being sentenced to 30 years in California state prison. The contrast is precise: rape is an internal Scientology matter. Taking money from Trish Duggan is a matter for Swiss prosecutors.

The Corporate Disappearing Act

Following Gaspari’s imprisonment, Duggan’s entity Ferrum C LLC — a Delaware corporation — took ownership of Ivancore SA. Clearwater Scientologist Janine Tschupp, whose prior professional background consisted of selling tote bags through her company Dejaroo, was installed as president of the Lugano steel trading company while remaining resident in Clearwater, Florida. She takes her orders from Osman Ozsan.

Finance Manager Giulio Viganego, an experienced Italian commodity trade finance professional previously at MMK Steel Trade AG, was brought in around July 2023 to rebuild the firm’s credit lines — confirming that by mid-2023, the company’s banking relationships had collapsed in the wake of Gaspari’s arrest.

Our October 2024 reporting named Ivancore SA explicitly, documented its connections to Duggan, Ozsan, Hayes, and the broader Scientology Money Club, and identified the Cayman Islands routing of Duggan’s capital as a pattern consistent with the offshore-to-IAS pipeline we have documented across multiple entities.

Four months after that reporting, on February 6, 2026, Ivancore SA became Ticore SA.

The name Ticore appears to be a deliberate construction: Ticino plus core. Generic, unmemorable, carrying no Gaspari association in a casual search. An AI-generated cover story circulating online attempts to explain the rebranding as modernization and as distancing from the “Ivan era” of Swiss commodity trading — invoking Ivan Glasenberg of Glencore, headquartered in Zug canton, not Lugano — a deflection designed to give a journalist or regulator a plausible innocent explanation to file and move on.

We are not moving on.

Under the Swiss Code of Obligations, the February 2026 rebranding was executed as a statutory transfer with universal succession. Ticore SA assumed all existing contracts and obligations of Ivancore SA. The name changed. The liability did not. CHE-282.777.136 is CHE-282.777.136, in 2023 and in 2026 and in whatever name it carries next.

A Second Imprisoned Scientologist Enters the Picture

In October 2024 — the same month Ivan Gaspari was convicted — we reported on a separate Swiss criminal case: Luciano Vaccani, a Swiss OT VIII Scientologist and long-time IAS Patron, was sentenced to 30 months in prison for aggravated fraud, embezzlement, and money laundering. His case involved the mismanagement of millions of Swiss francs belonging to high-net-worth investors, some of whom were members of the Scientology community in Lugano.

What we did not know in October 2024 was that the Vaccani family would shortly appear inside the Ticore SA corporate structure.

Following the February 2026 name change, the authorized signatories of Ticore SA are:

Janine Tschupp — President of the Board of Directors. Clearwater, Florida. Scientologist. Takes orders from Ozsan.

Giulio Viganego — Board Member and Finance Manager. Lugano. No public Scientology affiliation. Trade finance professional.

Patrizia Lina Vaccani — Authorized Signatory. Lugano. Confirmed Scientologist, listed as Patron Laureate in Scientology’s Impact magazine. Daughter of Luciano Vaccani, currently serving 30 months for aggravated fraud and money laundering in Ticino.

Patrizia Lina Vaccani is not a passive figurehead. She holds the Swiss federal credential of fiduciario commercialista — the same professional designation her father carried for three decades — and is the founder, CEO, and majority co-owner of 3C Global Consulting Sagl (UID CHE-330.070.053), a Lugano fiduciary firm she incorporated in June 2018, the same month she departed her prior employer, Fideus SA, after nearly nine years. The firm’s statutory purpose is broad: tax and financial consulting, incorporation and liquidation of companies, management of financial holdings, and real estate acquisition and brokerage in Switzerland and abroad. She holds individual signatory authority, meaning she can execute transactions on behalf of 3C Global clients without co-signature. The firm is co-owned with Caterina Morè, an Italian national resident in Vacallo, who also holds individual signatory authority.

Luciano Vaccani managed the finances of “many Scientology members in Ticino and Italy,” according to reporting by Federico Storni in Corriere del Ticino. His daughter has been building the professional infrastructure to do precisely the same work since 2018 — five years before his arrest, and seven years before Ticore SA’s authorized signatory list carried her name.

The pattern is now fully visible. When one Scientology Money Club figure goes to prison in Ticino, the network does not collapse. It rotates to the next available loyal Scientologist and continues operating.

Gaspari imprisoned → Tschupp installed as nominee president. Luciano Vaccani imprisoned → Patrizia Lina Vaccani installed as authorized signatory.

The entity keeps running. The IAS keeps receiving. The Duggan/Ozsan beneficial ownership remains at a remove behind a Cayman Islands structure.

The Lugano Ecosystem: A Documented History of Financial Crime

Ivancore SA and now Ticore SA did not operate in a vacuum. The Lugano private banking and commodity trading ecosystem in which they operated has been the subject of sustained international law enforcement and regulatory action.

In October 2020, the Scientology Money Project documented that BSI Bank’s Lugano office had been used to launder $21.7 million in Petrobras/Lava Jato corruption funds by David Muino Suarez, BSI’s Latin American Senior Relationship Manager.

David Muino Suarez was arrested in Brazil in 2017 and was simultaneously selling shares in GPB Capital Holdings’ Cayman Islands-based Automotive Fund — a fund not legally available to US investors — to elderly American residents. GPB Capital Holdings was owned by Scientologist David Gentile, who was subsequently convicted of five federal felonies and sentenced to seven years in prison.

The Lava Jato money laundering infrastructure in Switzerland was concentrated in Lugano and Ticino — the same canton where Ivancore/Ticore SA operated, where Vaccani was convicted, and where the Duggan/Ozsan network has been routing capital.

In March 2024, the Office of the Attorney General of Switzerland issued a summary penalty order convicting PKB Privatbank SA — a Lugano private bank — for organizational failures that enabled aggravated money laundering of over USD 20 million connected to the same Lava Jato scandal. PKB Privatbank waived its right to appeal and paid a CHF 750,000 fine. The OAG conviction was issued eight months before Luciano Vaccani’s October 2024 sentencing and sixteen months before the Ivancore-to-Ticore name change. 

The regulatory environment in Lugano was tightening around commodity trading and private banking at precisely the moment the Gaspari/Vaccani network was restructuring under new names.

Manuel Vianna: The Human Bridge

One figure connects the GPB Capital network to the Ivancore/Ticore Lugano network directly: Manuel Vianna.

Vianna is a Harvard MBA-educated Portuguese-born Scientologist who speaks Portuguese, Spanish, and English and has extensive Latin American business connections. He served as an executive at GPB Capital Holdings, where his language skills and Latin American contacts made him the logical intermediary for GPB’s fund sales operations in that region. After GPB collapsed he surfaced at Ivancore SA in Lugano. He also served as unpaid chairman of Suncoast Narconon in Clearwater in 2022.

Vianna has now worked as an executive at three troubled Scientologist-owned companies in sequence: GPB Capital Holdings, Okyanos, and Ivancore SA. Each collapsed. Each was connected to the same core network of Scientology Money Club figures: Gentile, Duggan, Ozsan, Hayes.

The Political Dimension

David Gentile was convicted of five federal felonies and sentenced to seven years in federal prison. His co-defendant Jeffry Schneider was not commuted. Gentile was.

Trish Duggan is a prominent MAGA supporter and major Republican donor. She donated $1 million to Ron DeSantis and $4 million to Donald Trump. She is among the wealthiest members of a Church whose relationship to the Trump orbit has been the subject of sustained scrutiny.

Gentile’s commutation, while Schneider — who had no comparable political connections — remains imprisoned, is not an investigative conclusion. It is a documented fact that readers of this network map are entitled to consider in full context.

What Comes Next

The Scientology Money Project has initiated formal inquiries with Swiss authorities regarding Ticore SA, including requests directed to the Ufficio d’esecuzione di Lugano regarding the debt register status of CHE-282.777.136 under both its Ivancore SA and Ticore SA names, and inquiries to the Ministero Pubblico di Lugano’s Divisione dei reati finanziari regarding whether active sequestri or misure cautelari attach to the entity following the Gaspari and Vaccani convictions.

We have also initiated commercial intelligence inquiries through Swiss business registry services to establish the current Ultimate Beneficial Owner registration of Ticore SA and to determine whether beneficial ownership was restructured simultaneously with the February 2026 name change.

The VAT number does not change. The history does not change. The liability does not change.

We will continue to report.

Sources Used for This Story

The Scientology Money Project — Prior Reporting

Jeffrey Augustine, “Turquoise Charitable Foundation in Clearwater — A $140 Million Scientology-Connected Private Foundation,” The Scientology Money Project, March 10, 2026. https://scientologymoneyproject.com/2026/03/10/turquoise-charitable-foundation-in-clearwater-a-murky-scientology-connected-private-foundation/

Jeffrey Augustine, “Trish Duggan and Her Connections to the Shadowy & Secret ‘Scientology Money Club,'” The Scientology Money Project, October 19, 2024. https://scientologymoneyproject.com/2024/10/19/trish-duggan-and-her-connections-to-the-shadowy-secret-scientology-money-club/

Jeffrey Augustine, “Scientology’s Ultimate Hypocrisy: Danny Masterson’s Sex Crimes Were Covered Up by OSA; However, Scientologist Ivan Gaspari was Publicly Destroyed for Donating Trish Duggan’s Money to the IAS,” The Scientology Money Project, October 20, 2024. https://scientologymoneyproject.com/2024/10/20/scientologys-ultimate-hypocrisy-danny-mastersons-sex-crimes-were-covered-up-by-osa-however-scientologist-ivan-gaspari-was-publicly-destroyed-for-donating-trish-duggans-money-to-the-ias/

Jeffrey Augustine, “Scientologist OTVIII Luciano Vaccani of Switzerland Sentenced to Prison for Financial Crimes,” The Scientology Money Project, October 31, 2024. https://scientologymoneyproject.com/2024/10/31/scientologist-otviii-luciano-vaccani-of-switzerland-sentenced-to-prison-for-financial-crimes/

Jeffrey Augustine, “Trish Duggan and the $114 Million in Clearwater Real Estate Purchases Made by Scientologists — Is There a Connection?,” The Scientology Money Project, September 3, 2022. https://scientologymoneyproject.com/2022/09/03/trish-duggan-and-the-114-million-in-clearwater-real-estate-purchases-made-by-scientologists-is-there-a-connection/

Jeffrey Augustine, “GPB Capital Linked to Former Swiss Bank Official Arrested in the Staggering $5 Billion Dollar Petrobras Corruption Scandal,” The Scientology Money Project, October 27, 2020. https://scientologymoneyproject.com/2020/10/27/gpb-capital-linked-to-former-swiss-bank-official-arrested-in-the-staggering-5-billion-dollar-petrobras-corruption-scandal/

Jeffrey Augustine, “Scientologist-Owned GPB Capital Holdings’ Incredulous Growth Numbers in 2016 Raise Serious Questions,” The Scientology Money Project, November 1, 2020. https://scientologymoneyproject.com/2020/11/01/scientologist-owned-gpb-capital-holdings-incredulous-growth-numbers-in-2016-raise-serious-questions/

Jeffrey Augustine, “The Russian Mobster Friend of Vladimir Putin Whose Money Funded the Start-Up of Scientologist David Gentile’s $1.8 Billion GPB Capital Ponzi Scheme,” The Scientology Money Project, March 9, 2022. https://scientologymoneyproject.com/2022/03/09/the-russian-mobster-friend-of-vladimir-putin-whose-money-funded-the-start-up-of-scientologist-david-gentiles-1-8-billion-gpb-capital-ponzi-scheme/

Jeffrey Augustine, “The US Government’s Witness List in the Upcoming $1.7 Billion GPB Capital Criminal Trial in NYC Includes Three Scientologists,” The Scientology Money Project, May 26, 2024. https://scientologymoneyproject.com/2024/05/26/the-us-governments-witness-list-in-the-upcoming-1-7-billion-gpb-capital-criminal-trial-in-nyc-includes-three-scientologists/

Jeffrey Augustine, “Scientologist David Gentile Arrested by the FBI on Charges Related to His $1.8 Billion GPB Capital Holdings Ponzi Scheme,” The Scientology Money Project, February 4, 2021. https://scientologymoneyproject.com/2021/02/04/scientologist-david-gentile-arrested-by-the-fbi-on-charges-related-to-his-1-8-billion-gpb-capital-ponzi-scheme/

Jeffrey Augustine, “Seven US Senators Send President Trump a Letter Objecting to the Commutation of David Gentile’s Prison Sentence,” The Scientology Money Project, December 17, 2025. https://scientologymoneyproject.com/2025/12/17/seven-us-senators-send-president-trump-a-letter-objecting-to-the-commutation-of-david-gentiles-prison-sentence/

Jeffrey Augustine, “Billionaire Bob Duggan, the Panama Papers, and the Scientology Money Club,” The Scientology Money Project, November 28, 2017. https://scientologymoneyproject.com/2017/11/28/billionaire-bob-duggan-the-panama-papers-and-the-scientology-money-club/

Jeffrey Augustine, “Scientologist Matt Feshbach’s Okyanos Heart Institute in the Bahamas,” The Scientology Money Project, November 9, 2017. https://scientologymoneyproject.com/2017/11/09/scientologist-matt-feshbachs-okyanos-heart-institute-in-the-bahamas/

Jeffrey Augustine, “Scientologists Doug and Laurie Dohring, Owners of Age of Learning, Inc. / ABCmouse, Fined $10 Million by the FTC for Their Illegal Marketing and Billing Practices,” The Scientology Money Project, September 3, 2020. https://scientologymoneyproject.com/2020/09/03/scientologists-doug-and-laurie-dohring-owners-of-age-of-learning-inc-abcmouse-fined-10-million-by-the-ftc-for-their-illegal-marketing-and-billing-practices/

Swiss Official Sources

Swiss Official Gazette of Commerce (SHAB), Mutation Filing, Ticore SA (formerly Ivancore SA), VAT CHE-282.777.136, Via San Gottardo 10, 6900 Lugano. Publication date: February 6, 2026. https://www.shab.ch [Search: CHE-282.777.136]

Office of the Attorney General of Switzerland (OAG), Summary Penalty Order, PKB Privatbank SA, aggravated money laundering, Lava Jato connection, CHF 750,000 fine. March 28, 2024. https://www.news.admin.ch/en/nsb?id=100600

External Investigative Sources

Tony Ortega, “Former Scientology Donor Sentenced,” Tony Ortega Substack, October 2024. https://tonyortega.substack.com/p/former-scientology-donor-sentenced

Tony Ortega, “Trish Duggan, Scientology’s Richest Member,” Tony Ortega Substack, June 2024. https://tonyortega.substack.com/p/trish-duggan-scientologys-richest

Argus Media, “Steel Trader Ivancore Working to Rebuild Lines/Volume,” July 13, 2023.

International Consortium of Investigative Journalists (ICIJ), Panama Papers Database — entries for Bob Duggan, Genuine First Aid International Ltd., Passion Investments Ltd. https://offshoreleaks.icij.org

International Consortium of Investigative Journalists (ICIJ), Pandora Papers — Ticino canton shell companies, 9,800 registered entities. https://www.icij.org/investigations/pandora-papers/

ICIJ Offshore Leaks Database, Mudhar Ghassan Shawkat, Passion Group S.A. https://offshoreleaks.icij.org/stories/mudhar-ghassan-shawkat

Public Eye, “Offshore in Switzerland: Welcome to Shell Companies Paradise.” https://www.publiceye.ch/en/media-corner/press-releases/detail/offshore-in-switzerland-welcome-to-shell-companies-paradise

Northdata, Ivancore SA corporate graph. https://www.northdata.com/Ivancore+SA,+Lugano/CHE-282.777.136

Agencia EFE, “Spanish-Swiss Banker to Be Held in Petrobras Corruption Case,” 2017. https://www.efe.com/efe/english/world/spanish-swiss-banker-to-be-held-in-petrobras-corruption-case/50000262-3452285

Federal Public Ministry, State Attorney’s Office in Paraná, Brazil, Indictment and Questioning of David Muino Suarez. Portuguese to English translation. https://www.scribd.com/document/481783176/Indictment-and-Interrogation-of-David-Muino-Suarez-by-the-State-Attorney-s-Office-in-Parana-Brazil

US Government and Regulatory Sources

US Securities and Exchange Commission, GPB Capital Holdings enforcement actions and receivership proceedings. https://www.sec.gov [Search: GPB Capital Holdings]

US Department of Justice, United States v. David Gentile et al., GPB Capital Holdings federal criminal case. https://www.justice.gov

FINRA BrokerCheck, Jeffry Schneider / Ascendant Capital LLC. https://brokercheck.finra.org

Florida Secretary of State, TCA Fund Management Group LLC corporate records. http://search.sunbiz.org

SEC, TCA Fund Management Group securities fraud enforcement action, May 2020. https://www.sec.gov/litigation/litreleases/2020/lr24815.htm