Rogue investor ordered to return £22m after court ruling

The High Court in Northern Ireland agreed on 16 December 2011 that de Dietrich must return £20.2m invested in a CIS that he was operating without FSA approval. The judge also ruled that 6% interest will be charged on the amount from the date of the first freezing order against de Dietrich and ETIC Solutions Ltd (ETIC) on 27 October 2010. This means the FSA is currently entitled to recover £21,556,576 from de Dietrich for investors. The regulator said if de Dietrich does not pay the sum, it has several legal steps it can consider to enforce the order, including making de Dietrich bankr...