Donegal Daily
  • News
  • Sport
  • Courts
  • Jobs
  • Business
  • Lifestyle
  • Travel
  • Politics
  • Features
  • Donegal County Council News
Sunday 17°CMonday 18°C

Donegal Daily Donegal Daily

sponsor banner
sponsor banner
  • News
  • Sport
  • Courts
  • Jobs
  • Business
  • Lifestyle
  • Travel
  • Politics
  • Features
  • Donegal County Council News
BusinessNews

FRANCOIS REVELATIONS: CROOK HAS LENGTHY CRIMINAL RECORD IN FRANCE, EU-WIDE ARREST WARRANT ISSUED

written by admin January 29, 2011
FacebookTweetLinkedInPrint

UPDATED: DELUDED INVESTORS STILL standing by crooked businessman Francois de Dietrich are in for a shock today.

For donegaldaily.com can reveal the on-the-run thief has a string of convictions for fraud, as cops throughout the European Union began a hunt for him.

In fact his criminal record is so extensive, one investigator told us: “The man’s middle name should be ‘Fraudster’.”

The shocking revelations will stun those few people in Donegal who still believed the one-time Ballybofey bigwig was a man of his word who would give cash back to them.

One source who has been reliable throughout donegaldaily.com’s lengthy investigations in Monsieur de Dietrich told us last night: “Incredibly there are still a few people who believe in this man, such was his power.

“Some people are making excuses for him, saying that even his court case this week didn’t mean he was a criminal.

“Unfortunately de Dietrich has a very very long criminal record in his native France for ripping people off. He is a thoroughly dishonest person and the sooner people realise that the better.”

The crook behind the get-rich-scheme which has left Donegal investors more than €20 million out of pocket was jailed for 18 months yesterday for contempt – but as he wasn’t in court, a European-wide warrant was issued for his arrest.

Judge Deeney told the court: “I’m satisfied beyond reasonable doubt that this was a deliberate contempt on the part of the first defendant (de Dietrich) who is seeking to evade his obligation to obey an order of the court and indeed his statutory obligation to respond to legitimate requests for information from the Financial Services Authority.

“There are very large sums of money involved. The current freezing order of the court exceeds £20 million.”

Dozens of people on both sides of the Irish border fear they may have lost millions of pounds in investments they made in liquidated stock through de Dietrich.

Members of the business community, sporting figures and even travellers are thought to have been handed over money.

Court proceedings launched by the FSA led to an injunction banning de Dietrich and his company ETIC Solutions from taking any more deposits.

The regulatory body also obtained an initial order freezing £6.8m in assets linked to the businessman and later increased in £20.2m.

But lawyers for the FSA argued that he had only revealed details of assets held in the UK, Republic of Ireland and Estonia.

* There will be more stories throughout the weekend

FRANCOIS REVELATIONS: CROOK HAS LENGTHY CRIMINAL RECORD IN FRANCE, EU-WIDE ARREST WARRANT ISSUED was last modified: January 29th, 2011 by admin
FacebookTweetLinkedInPrint
admin

LEAVE A COMMENT

You may also like

Fine weather to return next week as...

4 hours ago

Seamus Coleman pays respects to Diogo Jota...

6 hours ago

Glenswilly GAA hosting Clubhouse Beats teen disco...

7 hours ago

Ghost is Donegal’s dog in the 2025...

8 hours ago

€1,000 college fees hike a “suckerpunch” for...

8 hours ago

Charles Ward opens first 100% Redress Party...

11 hours ago

Falcarragh Summer Cup launch new memorial cup...

12 hours ago

Letterkenny drug-driver put off the road

12 hours ago

Alert: Windyhall road in Letterkenny to be...

13 hours ago

Pvt Sean Rooney’s inquest hears Defence Forces...

13 hours ago
Advertisement
Advertisement

Donegal County Council

Facebook
Donegal County Council
Advertisement
Advertisement
Donegal Daily Jobs

Read More

  • News
  • Sport
  • Courts
  • Jobs
  • Sales & Services
  • Obituaries
  • Features
  • Business
  • Politics
  • Council News

Information

  • Contact Us
  • About
  • Advertise WIth Us
  • Privacy Policy
  • Disclaimer
  • Terms & Conditions

Our Sites

Donegal Woman
Donegal Woman
Donegal Daily

© 2025 Donegal Daily. All rights reserved.
Website by owenod


Back To Top.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.