Broker Frank Dietrich of Quest Capital Strategies Charged in Ponzi Scheme

Frank Roland Dietrich Barred by FINRA

Frank Dietrich, broker at Quest Capital Strategies, was barred by FINRA for selling fake notes in a real estate Ponzi scheme. Woodbridge Group filed for bankruptcy last year. Frank Dietrich allegedly sold investors $10.8 million worth of promissory notes related to real estate holdings. Frank Roland Dietrich used his 23 years of experience at 5 firms to earn the trust of his clients to sell them bad investments according to allegations in filings against him.

The SEC charged Woodbridge Group of Companies in 2017 with running a $1.2 billion Ponzi scheme involving over 8,000 investors.

Several of the salesmen who sold the alleged fake real estate notes were former brokers or were previously barred from the industry. These salesmen pitched the notes as “alternative investments” which supposedly do not track the stock market as a way to ensure frightened investors that they are safe.

According to FINRA, Dietrich sold the notes to over 50 investors 30 of whom were customers of Woodbridge Group. Dietrich received $261,000 in commissions from the sale of the notes.

Frank Roland Dietrich allegedly engaged in a practice called “Selling Away” which is when a broker sells securities without discl

Lars Soreide Highest Ethical Standard Award 2018

osing them to his firm. The brokerage firm is often liable for such events as shown in previous cases.

Quest Capital Strategies allowed Frank Dietrich to resign in March for selling securities away from the firm and engaging in unapproved product. Brokercheck shows that he has 8 pending disclosures against him CRD# 2506091.

As for the Woodbridge Group: CEO Robert Shapiro had to pay $120 million to settle with the SEC about the allegations that his notes defrauded investors and drove his company into bankruptcy. He did this without admitting or denying the allegations.

If you or a loved one were a victim of this Ponzi scheme or other bad investments please contact Soreide Law Group at 888-760-6552 for a free consultation

Recent Posts

April 30, 2026

Inspired Healthcare Capital Bankruptcy: What DST Investors Need to Know

The recent Chapter 11 bankruptcy filing by Inspired Healthcare Capital (IHC) has sent shockwaves through the senior living investment community. For many retirees and 1031 exchange participants, what was marketed as a stable, income-producing real estate opportunity has turned into a complex legal battle for recovery. If you invested in an IHC-sponsored Delaware Statutory Trust […]

April 30, 2026

NLCA VA Birmingham Realty DST Losses?

Soreide Law Group is investigating potential investor claims involving NLCA VA Birmingham Realty DST, particularly where brokers or financial advisors may have improperly recommended this specific Delaware Statutory Trust offering. NLCA VA Birmingham Realty DST is a 1031 exchange investment vehicle that offered investors fractional interests in real estate through a private placement. Although it […]

April 30, 2026

Nicholas Ignatowski Linked To LPL Financial LLC Investor’s Misrepresentation Arbitration Claim

Investors have reportedly disputed the sales practices of securities broker Nicholas Cross Ignatowski (also known as Nick Ignatowski) [CRD: 2409399, Milwaukee, Wisconsin], based on publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Ignatowski worked for LPL Financial LLC from August 20, 2013, to December 31, 2023. Investors are encouraged to continue reading […]

Contact us Nationwide USA

2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062

Phone: 1-888-760-6552
Fax: 1-954-760-6553
Email: info@securitieslawyer.com

Helping clients recover money across the USA