Troy Baldridge— Alleged Investment Fraud

Troy C. Baldridge, Former Virginia Sunday School Teacher & Youth League Football Coach, Allegedly Stole over $500,000 from 15 Clients over Five Years

Troy Baldridge, of Glen Allen, Virginia, allegedly stole upwards of $500,000 from 15 clients over five years, according to U.S. District Court Records currently under review by attorney Alan Rosca.

Attorney Alan Rosca, of the RoscaLaw LLC firm, is investigating activity related to Troy Baldridge’s alleged investment fraud. Investors who believe they may have lost money in activity related to Troy Baldridge’s alleged investment fraud are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Baldridge, 48, and a former registered investment adviser and broker-dealer from September 2011 through July of 2016 , also allegedly transferred funds form client accounts to his own personal account, according to said U.S. Court District Records. Baldridge also purportedly forged client signatures when deemed necessary.

Baldridge, thus is now facing a sentence between 41 and 51 months and has been ordered by U.S. District Judge Henry E. Hudson to pay restitution of $505,665 to the insurance provider which reimbursed his alleged victims, said Court Records note.

Judge Hudson reportedly claimed to dispense leniency in his sentencing based on a number of support letters he received mentioning Baldridge’s work as a Sunday school teacher and a youth football coach, Court Records note.

FINRA also notes that Baldridge, a husband and father of two teenagers, worked for Capitol Securities Management and that FINRA records show he is now looking at a permanent bar from work as a broker, FINRA reports note.

Troy Baldridge Allegedly Sold His $577,391 Family Home in an Attempt to Provide Restitution to His Purported Victims

Troy Baldridge has allegedly made an apology to his purported victims, his firm, Capital Securities, and to friends and family, according to reports from Virginia under review by attorney Alan Rosca.

Baldridge is also allegedly selling his $577,391 family home and giving up over half of his equity in a reported attempt to pay restitution to his purported victims, according to the aforementioned U.S. District Court Records currently under review by attorneys Alan Rosca.

Baldridge’s case has also brought out an illicit of outpouring of emotional response both from the alleged perpetrator and purported victims. William J. Dinkin, Baldridge’s lawyer, claims that Baldridge married his wife after she had lost a sister in an automobile accident, and that Baldridge had hoped to maintain the lifestyle she had grown accustom to growing up, according to reports from Virginia.

Baldridge has allegedly expressed his regret and claims to have been talking to his pastor in order to figure out how he got into such a situation, Court Reports note. Jessica D. Aber, an assistant U.S. attorney, conversely, has bluntly stated that Baldridge’s motive was simply “plain greed”, according to U.S. Court Records.

Finally, Dinkin also claims that Baldridge cooperated with authorities when contacted, according to reports from Virginia.

Securities Lawyer Investigating

The RoscaLaw firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Troy Baldridge’s alleged investment fraud. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.

Investors who believe they lost money as a result of Troy Baldridge’s alleged investment fraud may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.

DISCLAIMER

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.

If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options.

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