Recover Losses From Frank Dietrich Alleged Woodbridge Ponzi Scheme | Goldman, Scarlato & Penny P.C.
FRANK DIETRICH— ALLEGED WOODBRIDGE PONZI SCHEME
Frank Dietrich Allegedly Sold $$10.8 Million of Woodbridge Ponzi Scheme Notes to 58 Investors; Dietrich Allegedly Took in $261,000 in Commissions from Said Sales
Frank Dietrich allegedly sold $10.8 million worth of Woodbridge Ponzi notes to 58 investors, 30 of whom were firm customers, according to a FINRA Letter of Acceptance, Waiver and Consent (AWC) under review by investor rights attorney Alan Rosca.
Frank Dietrich allegedly took in $261,000 in commissions from said sales, FINRA notes.
Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Frank Dietrich’s alleged involvement in the Woodbridge Ponzi scheme. The Goldman Scarlato & Penny PC law firm represents other Woodbridge investors and we would like to talk to investors who purchased Woodbridge notes through Dietrich.
Investors who believe they may have lost money in activity related to Frank Dietrich’s alleged involvement in the Woodbridge Ponzi scheme are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Frank Dietrich Barred by FINRA
Frank Dietrich, based on the aforementioned alleged behavior, has been barred from association with any FINRA member in any capacity, according to the aforementioned AWC under review by investor rights attorney Alan Rosca.
Frank Dietrich was a registered representative with Quest Capital Strategies, Inc. in Lake Forest, California from March 2013 until he was allowed to resign in April 2018 for alleged failure to fully disclose outside business activities and sale of unapproved product, according to Dietrich’s FINRA BrokerCheck report.
Brokers such as Dietrich have an obligation to tell their broker-dealers that they are selling private securities or participating in a private securities transaction, yet Dietrich allegedly did not tell Quest Capital Strategies Inc. that he was allegedly selling the Woodbridge notes, according to the AWC.
Industry rules state that brokers must tell their broker-dealers they are selling private securities or participating in a private securities transaction.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated, and that Deitrich reportedly consented to the FINRA settlement without admitting to or denying FINRA’s findings.
Contact Us:
Goldman Scarlato & Penny P.C.
rosca@lawgsp.com
8 Tower Bridge, Suite 1025
161 Washington St Philadelphia, PA, 19428 United States
888-998-0530
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