[뉴스와이어] 최초 작성일 : 2019-04-18 17:10:00  |  수정일 : 2019-04-18 17:10:49.080
Racketeering Lawsuit Filed by Boies Schiller Flexner LLP Alleges Czech Oligarch Defrauds US Hedge Fund and Former Partner Out of Over $1 Billion
New York hedge fund, Kingstown Capital Management L.P, and other plaintiffs filed a lawsuit on 10 April 2019 in the Southern District of New York against Radovan Vitek, a Czech real estate mogul with business interests throughout Europe, whose fortune Forbes magazine estimates at $3.5 billion. Represented by litigation powerhouse Boies Schiller Flexner LLP, the hedge fund Kingstown Capital Management L.P and Czech investment firm Investhold Ltd allege that Vitek ran an elaborate criminal enterprise that defrauded the plaintiffs out of more than US $1 billion.

According to the complaint, Berlin’s largest commercial real estate landlord, Vitek engaged in racketeering activity including wire fraud, mail fraud, money laundering, and other crimes and amassed his wealth at the expense of the plaintiffs, according to the complaint. His commercial interests span multiple jurisdictions including the Czech Republic, Switzerland, Luxembourg, Germany, Croatia and UK.

The complaint alleges that Vitek was aided and abetted by private Czech bank J&T Banka, as well as Luxembourg-based real estate development company ORCO Property Group, S.A., and ORCO Germany, now known as CPI Property Group, which has an US $8 billion real estate portfolio across Europe and nearly 4,000 employees.

After Kingstown Capital established a substantial interest in ORCO Property Group, Vitek “secretly took control of ORCO through a series of shell companies and straw owners,” according to the complaint. Individuals that are named as “straw owners” include ORCO’s former Chief Executive Officer Jean-Fran

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