Award-winning businessman Francois de Dietrich has been avoiding High Court actions in both Northern Ireland and the south after his company Etic Solutions collapsed under his apparent Ponzi scheme. He offered investors 15 to 40 per cent return on their cash, but the company's assets were frozen last January after concerns by investors. Last night Spotlight NI did a great job, tracking him down in France where he said he promised to return to Ireland. Read here. No-one really expects to see their cash again.
He used two well known GAA players to help sell the scheme that attracted over 400 people who paid in st£20 million. Spotlight's reporter Enda McClafferty said that business people accountants, cops and "even Irish travellers" had invested.
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