 In 1910 the financier [[Riccardo Gualino]] and his wife launched construction of a new castle with almost 150 rooms in Cereseto.The "Castello di Cereseto", in Neo-Gothic Piedmontese-Lombard style, was completed in 1913.In 1931 Gualino was confined by the [[Fascist Italy (1922–1943)|fascist regime]] to the [[Aeolian Islands|Aeolian island]] of [[Lipari]] on charges of fraudulent bankruptcy and suffered the confiscation of all his property.