For years, astute observers harboured deep suspicions about Sir Anthony Ritossa and his family office ‘summits’ held in important financial centres, including Monaco.

However, many influential and reputable individuals were inadvertently sucked in to the circus that for 20 editions has been ‘Sir Anthony Ritossa’s Global Family Office Investment Summit.’ The latest edition wraps up on October 20 in Dubai and the Ritossa website is still live:

A thorough investigation by Vanity Fair magazine, published while the Dubai event was in full swing on October 19, has discovered the truth, and the findings are far from pretty.

’Sir’ Anthony’s self-conferred title is the least of it.

Over a period of 15 years Ritossa and his enablers have compiled a long list of past attendees comprising many of the global super-wealthy, almost all with titles, real or not, in order to lure in more victims.

Many normally more careful investors and entrepreneurs have paid significant sums to be speakers, panel members and patrons.

In addition, a swathe of media outlets succumbed to the Ritossa fable: Trade Arabia wrote: “As a family office influencer with an unwavering commitment to create a legacy that matters, Sir Anthony is renowned in global wealth and social circles for putting his success down to his business acumen, humility and sense of giving. He successfully navigated his global ‘family of family offices’ through the Covid-19 storm, emerging stronger as a credible platform for exceptional networking between family offices and thought leaders from all over the world.”

In Monaco, Ritossa succeeded in obtaining the patronage of HSH Prince Albert, due to introductions via trusted figures in the Principality’s financial sector, and there is little doubt that the Palace’s apparent endorsement persuaded many local business people to go along with the charade.

Having been approached by Vanity Fair, the Palace has now revoked its endorsement of Ritossa.

Adam Cirlasky, the author of the expose, received a statement from Prince Albert: “I have recently been alerted to the fact that the organizer of the events named ‘Sir Anthony Ritossa’s Global Family Office Investment Summit’, which take place in Monaco, may not meet the Principality’s necessary requirements in terms of transparency, ethics and professional conduct.

“Under these circumstances and as a precautionary measure, it has been decided that my patronage will no longer be granted for all the organizer’s future events to be held in Monaco, thus disallowing any direct or indirect support from the Principality of Monaco.”

The Sovereign added that he had not attended any of Ritossa’s events.

Needless to say, those in Monaco who promoted Ritossa have enough egg on their faces to make an omelette.

In the meantime, readers are advised to read the shock-filled Vanity Fair article: