Donegal Daily
  • News
  • Sport
  • Courts
  • Jobs
  • Business
  • Lifestyle
  • Travel
  • Politics
  • Features
  • Donegal County Council News
Tuesday 17°CWednesday 16°C

Donegal Daily Donegal Daily

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

GARDAI NOW INTERVIEWING A DOZEN DONEGAL PEOPLE ABOUT €20M SCAM

written by Stephen Maguire April 19, 2011
FacebookTweetLinkedInPrint

A number of Donegal victims of French conman Francois de Dietrich have now contacted Gardai after losing money in the infamous €20 million scam.

Donegaldaily.com has learned that detectives from Letterkenny are now interviewing at least a DOZEN people in relation to the get-rich-scheme.

Up until recently Gardai had only received a small amount of official complaints about the missing investment money.

But that number is now growing rapidly as De Dietrich refuses to return to Ireland to answer charges against him.

All these investors contacted the Gardai in recent weeks to make official complaints after De Dietrich fled the country with their cash.

The detectives have taken statements about their investments and their dealings with the businessman who was based in Ballybofey until before Christmas.

One of the men interviewed told donegaldaily this morning that more and more people are coming forward to tell how they lost money in the scheme.

“I think there is a lot of embarrassment around the scheme that people haven’t wanted to go public on it.

“People have been thinking that they would eventually get their money back but that’s beginning to look less likely.

“I think most people who invested in the scheme now realise they will be lucky to get their money back nevermind make any profit from it,” he said.

At least 200 people from across Donegal invested various sums of cash in the scheme with De Dietrich’s company ETIC Solutions.

The company claimed they could make a profit of 40% on the initial investment in a matter of just weeks by buying liquidated stock and selling it on at huge profits.

A small minority of people did receive a profit but most have been left high and dry despite promise after promise by ETIC Solutions.

De Dietrich has been sentenced to 18 months in prison by the High Court in Belfast for contempt of court.

However he has twice failed to appear and nobody is certain of his whereabouts at present.

Ends

GARDAI NOW INTERVIEWING A DOZEN DONEGAL PEOPLE ABOUT €20M SCAM was last modified: April 19th, 2011 by Stephen Maguire
FacebookTweetLinkedInPrint

Tags:
Francois de DietrichLetterkenny Gardaiscam
Stephen Maguire

Stephen Maguire is the co-founder of Donegal Daily. He has worked as a reporter for almost 30 years starting locally with the Donegal Peoples Press before moving to the Mirror Group. He continues to contribute daily to national media outlets including the Irish Times, RTE, the Irish Independent, Irish Sun, Irish Mirror, Irish Star, the Daily Mail and the Examiner.

LEAVE A COMMENT

You may also like

Watch: Nora’s Rose Garden to bloom this...

5 hours ago

North West 10K races past the €1million...

5 hours ago

Dangerous driver’s car seized a week after...

6 hours ago

Donegal Person of the Year Ball raises...

7 hours ago

No bridge too far as Fintra road...

7 hours ago

Donegal singers in Denver set for historic...

8 hours ago

Stunning ‘two-for-one’ Downings property hits market for...

8 hours ago

Leitrim blogger Jennifer Wrynne ‘grateful’ after shock...

9 hours ago

One person injured following crash in East...

10 hours ago

Can your Donegal house feature on RTÉ’s...

10 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.OkPrivacy policy