Some hope for investors after two court rulings in DeDietrich case

Investors in a fraudulent ‘ponzi scheme’ are anxiously seeking professional financial advice in an effort to regain some of the cash they lost, it emerged yesterday (Thursday).
However, a local financial industry source has told the Donegal News those who had invested would be lucky if they got back ‘up to 20 per cent of what they had put in to the fraudulent scheme.
It follows two separate court orders on both sides of the border where up to €25million in proceeds from the fraud has been seized in bank accounts. The High Court in Dublin on Wednesday ruled that €4.65m seized from the suspected fraudster, Francois De Dietrich, was the proceeds of crime.


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