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Access here alternative investment news about Bloomberg: Ny Hedge Fund Sues Czech Billionaire Over Alleged $1B Fraud | Radio Prague
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Bloomberg: Ny Hedge Fund Sues Czech Billionaire Over Alleged $1B Fraud | Radio Prague

by radio.cz posted 3months ago 14 views
Czech billionaire Radovan Vítek is being sued for allegedly defrauding a New York hedge fund and a Czech investment firm of more than $1 billion, Bloomberg news reports. Kingstown Capital Management LP and Investhold Ltd. filed a lawsuit against the Czech real estate mogul in a Manhattan federal court on Wednesday, accusing him of engaging in a racketeering scheme spanning a decade. They claim Vítek used a web of shell companies and “straw owners” to gain control of a Luxembourg-based real estate development company in which Kingstown Capital held a substantial interest.

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