Czech Magnate Living in Ringo Starr’s Mansion Allegedly Built €20 Billion Fortune Looting American Pension Funds, and Using His Own Mother as a Shell Company Owner
This is the story of Radovan Vítek. For you and me, this name may not mean anything – but for thousands of Americans, it spells huge financial losses.
More than a billion dollars in US pension funds were allegedly lost in a scheme orchestrated by Vítek, according to lawsuits.
If he had pulled this stunt in the US, the Czech billionaire would most probably have gone to prison for securities fraud.
But in Europe, things run much differently.
European regulators did find that Vítek looted pension funds, concealed his control through shell companies ‘owned by his mother’.
While he paid fines, he was able to retain control of his empire. Europeans let him walk away with everything.
In the end, law enforcement is a matter of geography: in the US, his conduct would end his career and cause him to lose his freedom.
But in Europe, Radovan Vítek built an empire.
Vítek is married, with four children, and lives in Switzerland – but he also owns Rydinghurst, a 17th-century mansion with a 200-acre estate in Surrey, England.
He bought the property in 2015 from former Beatles member Ringo Starr for £13.5 million, so that his children could be educated in England.
But, according to Luxembourg regulators from the CSSF, Rydinghurst was not bought with the fruits of his labor or his genius.
It was bought, the CSSF found, with assets stripped from the ORCO Property Group, a public real estate company based in Capellen, Luxembourg.
Among ORCO’s major shareholders was Kingstown Capital, a Manhattan investment firm entrusted with more than a billion dollars in American pension funds.
Yes, you read it right: the castle was allegedly funded by retirement money stolen from US pensioners.
https://www.thegatewaypundit.com/2025/12/czech-magnate-living-ringo-starrs-mansion-allegedly-built/