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

Radovan Vítek/Wiki Commons

By Paul Serran with guest contributor Frank Parlato

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.