The research points to a much narrower and more complicated story than a conventional fraud investigation. The strongest documented issue is a 2024 FINMA(Swiss Financial Market Supervisory Authority) warning concerning Safe Trust SNC, the Swiss financial-services partnership associated with Fedi Khiari and Alexis Soldera. I found no credible evidence of a criminal conviction, guilty plea, fraud judgment, investor-loss award or regulatory fine against Khiari personally. I also found no reliable public source establishing his age or date of birth. That distinction matters, particularly because FINMA’s own warning-list material says inclusion means a company or individual is suspected of conducting unauthorized financial-market activity, but does not necessarily mean the activity is illegal.
Fedi Khiari is the person at the center of the record because Swiss commercial records identify him as one of two partners of Safe Trust SNC, alongside Alexis Soldera. The partnership was established in February 2018 under the name Safe Trust SNC, with the stated purpose of providing financial advice. Both men were identified as being from France and originally based in Veytaux. In August 2021, the company’s registered headquarters moved to Romanel-sur-Morges, and both Khiari and Soldera were given individual signing authority. Current company records continue to list the partnership as active, with the same two partners.
The regulatory problem surfaced publicly on June 14, 2024. A FINMA warning-list record reproduced in the documents reviewed for this investigation lists Safe Trust SNC among companies suspected of conducting unauthorized activities in the financial market. The archived FINMA material identifies Safe Trust SNC by name and gives addresses in Romanel-sur-Morges and Zurich, as well as the company’s website, safetrust.ch. The Dutch financial regulator, AFM, still carries Safe Trust SNC in its database as a foreign-supervisor warning dated June 14, 2024, while contemporary reporting by OffshoreAlert described the FINMA action in the same terms.
But there is an important legal distinction that should not be lost in the rush to label a company a scam. FINMA’s warning-list explanation says the list includes companies and individuals suspected of conducting unauthorized activities in the financial market and expressly cautions that inclusion does not necessarily mean the company is conducting illegal activities. In other words, the documented regulatory concern was about suspected unauthorized activity, not a criminal finding that Khiari or Soldera had committed fraud. I found no primary-source record showing that FINMA imposed a criminal penalty, disgorgement order or fine on Khiari personally in connection with Safe Trust SNC.
The distinction becomes especially important because the FINMA page cited in the 2024 material is no longer accessible at its old URL. A May 2026 review by SecondSideMedia independently noted that the historical FINMA page could no longer be reached through the previously published link, while warning that the disappearance of the page should not be interpreted as regulatory clearance, exoneration or proof that the warning was withdrawn. The AFM, meanwhile, continues to preserve the June 2024 warning in its public database. The available evidence therefore supports describing the FINMA warning as a historical regulatory action, while avoiding the unsupported claim that it remains an active warning today.
Khiari himself has directly challenged the way the warning was associated with his name. In a November 18, 2025 letter sent to OffshoreAlert, he demanded that the publication remove his name from keywords, tags and other metadata connected to its Safe Trust SNC report. He said the association created the false impression that he personally was under investigation or regulatory sanction, and stated that he was not the subject of any FINMA public warning, sanction or listing. He also said his lawyer had already contacted OffshoreAlert and warned that he would consider defamation and other legal claims if the material was not removed or de-indexed within seven days.
That letter is significant because it establishes Khiari’s position in his own words: he does not accept the characterization that he personally was the subject of the FINMA warning. It also shows that the dispute moved beyond the original regulatory warning into a battle over how the information was being presented online. OffshoreAlert subsequently published the letter, describing it as Khiari’s demand to remove or de-index his name from coverage concerning the Safe Trust SNC warning. There is no evidence in the sources reviewed that this threatened defamation action resulted in a reported court judgment against OffshoreAlert.
The paper trail does, however, contain a newer financial development. Swiss commercial-register reporting shows that on March 6, 2026, a debt-enforcement notice was published against Safe Trust SNC by Swiss Life Sammelstiftung 2. Säule. The claim was listed at CHF29,034.05, with 5% interest from June 26, 2024, plus CHF500 in additional costs. The stated basis was pension-fund contributions through a dissolution date of April 30, 2024 and administrative costs. The notice was directed at Safe Trust SNC and separately stated that the enforcement notice was being served publicly on its partners, Fedi Khiari and Alexis Soldera.
That is a debt-enforcement proceeding, not a fraud judgment. Swiss procedure gives a debtor an opportunity to contest the claim, and the publication itself does not establish that the amount was ultimately owed, paid, adjudicated or converted into a final court judgment. There is also an apparent date inconsistency in the publicly indexed reproduction of the notice, so the safest description is simply that a March 6, 2026 publication recorded the enforcement claim. What it does establish is that Safe Trust SNC had entered a formal debt-collection process involving a pension fund.
The company itself has not disappeared from the commercial register. Current records accessed for this investigation continue to describe Safe Trust SNC as active, with the same Romanel-sur-Morges headquarters and Khiari and Soldera as partners. Separately, Swiss records identify a sole proprietorship called “Khiari,” owned by Fedi Khiari and registered in Geneva in 2022. Its stated purpose is considerably broader than Safe Trust’s original purpose: wealth-management advice, financial-product and insurance brokerage or advice, portfolio acquisition and management, and real-estate operations. That enterprise is also listed as active in the available commercial-record data.
The public record therefore paints a picture of a financial-services entrepreneur whose professional history is closely tied to Safe Trust SNC, rather than a documented criminal mastermind with a string of proven schemes. I found no credible evidence establishing aliases used by Khiari, no reliable public record establishing his age, no criminal indictment or conviction, no guilty plea, no documented investor class action, no publicly established investor-loss figure and no regulatory disgorgement against him. Searches also did not produce credible evidence of a separate criminal case involving Soldera. The main documented regulatory issue remains the FINMA warning concerning Safe Trust SNC, supplemented by the later debt-enforcement record and Khiari’s public challenge to how the warning was attributed to him.
That does not make the warning irrelevant. For anyone considering a financial adviser, broker or investment-related service, the central lesson is precisely the one contained in the paper trail: registration and regulatory status matter. Safe Trust SNC was incorporated as a financial-advice partnership, was subsequently placed on FINMA’s warning list in 2024 over suspected unauthorized financial-market activity, and remains listed in commercial records as an active entity. At the same time, the available evidence does not justify turning that warning into a claim that Khiari personally committed fraud. His own written response directly disputes that characterization, and the regulatory material itself cautions against treating warning-list inclusion as automatic proof of illegality.
The broader significance is the gap between a regulatory warning, an internet accusation and a proven offense. In financial investigations, those are three different things. Safe Trust SNC’s history raises legitimate questions about authorization and compliance, and the 2026 debt-enforcement notice adds another piece to the company’s paper trail. But the evidence available today does not support saying that Fedi Khiari was convicted of fraud, that investors definitively lost a particular sum, or that he was personally sanctioned by FINMA. What it does show is a financial-services business that attracted regulatory scrutiny, a partner who forcefully rejected personal wrongdoing, and a company whose name continues to appear in public records years after the original warning. For investors, that is enough reason to conduct independent regulatory checks before trusting the name on a financial contract—but not a license to replace documented facts with accusations that the evidence does not establish.
Source:
OffshoreAlert
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