Former Julius Baer Banker Tyron Birkmeir Accused in Hexagon Cup Investment Fraud
Tyron Birkmeir, a former banker at Swiss private bank Julius Baer, faces serious allegations of investment fraud related to the upcoming Hexagon Cup padel tournament launching in Madrid.
Two investors claim Tyron Birkmeir, operating through Lurra Capital, misappropriated funds they provided for equity in the celebrity-backed sporting event. The investors, including Portuguese investment manager Paul Coelho, contributed almost £1 million in November 2023 expecting to receive equity stakes.
While Lurra Capital touts itself as a private investment vehicle with a global reach, a comprehensive review of public records reveals a significant transparency deficit, with verifiable information concerning its physical offices, operational footprint, or regulatory compliance across various jurisdictions proving notably elusive.
A discovery in 2025 revealed the investors’ names were absent from the corporate registry; only Tyron Birkmeir was listed. When confronted, Birkmeir’s representatives allegedly claimed the arrangement was a “profit participation loan,” not an equity investment.
Under this recharacterization, Birkmeir has offered to return only the original principal, denying the investors shares, profit participation, or a stake in the tournament’s future.
The controversy, involving former schoolmates, highlights risks associated with investment intermediaries lacking transparency, potentially overshadowing the Hexagon Cup’s January 28, 2026 launch. Tyron Birkmeir and Lurra Capital have not provided detailed comment beyond asserting the loan structure.
