Troy Baldridge—Investment Fraud
Troy C. Baldridge, Former Virginia Sunday School Teacher and Youth League Football Coach, Allegedly Stole over $500,000 from 15 Clients during a Five-year Span; Baldridge Allegedly Forged Client Signatures
Troy Baldridge, 48, and a former registered investment adviser and broker-dealer in Glen Allen, Virginia, allegedly stole over $500,000 from 15 clients over five years and thus is facing a sentence between 41 and 51 months, according to U.S. District Court Records currently under review by attorneys Jason Kane and James Booker.
Peiffer Wolf Carr & Kane securities practice lawyers are investigating investment recovery options on behalf of investors in issues 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 attorneys Jason Kane or James Booker with any useful information or for a free, no obligation discussion about their options.
Baldridge, from September 2011 through July of 2016 allegedly transferred funds form client accounts to his own personal account, and also purportedly forged client signatures when deemed necessary, according to said U.S. Court District Records.
Baldridge has been ordered by U.S. District Judge Henry E. Hudson to pay restitution of $505,665 in restitution to the insurance provider which reimbursed his alleged victims, said Court Records note.
Judge Hudson allegedly 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.
Judge Hudson also allegedly made the following statement:
“You have committed an extreme amount of injury to your clients. … The breach of trust here is just monumental.”
Still another purported victim, Pamela Tinsley, a retiree, reports that she feels betrayed and that the event was purportedly emotionally exhausting, according to reports from Virginia. Tinsley allegedly made the following statement:
“Troy stole $130,000 from mine and my husband’s IRAs. He stole from me shortly after my husband’s death when I was still reeling. We were very fond of him … like he was part of our family. More than anything I felt betrayed.”
Most of the financial losses suffered by Tinsley and the other victims were allegedly covered by insurance, but the crimes also took an emotional toll, reports from Virginia note.
Another victim told Hudson that Baldridge allegedly took $85,000 from his 92-year-old mother, making it difficult to pay nursing home expenses, Court Reports note.
The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Troy Baldridge’s alleged investment fraud.
Troy Baldridge Allegedly Selling Family Home in Attempt toward Restitution and Has Apologized to Purported Victims
Troy Baldridge is allegedly selling his $577,391 family home and giving up over half of his equity in a purported attempt to pay restitution to his purported victims, according to the aforementioned U.S. District Court Records currently under review by attorneys Jason Kane and James Booker.
Before being sentenced, Baldridge allegedly made an apology to his purported victims, his firm, Capital Securities, and to friends and family, according to reports from Virginia.
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.
The case also appears to be illicit an 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.
Dinkin also states that Baldridge watched as his salary dropped in 2008 as the global economy tanked, and Baldridge allegedly did not wish to tell his grief-stricken wife, according to statements from Dinkin.
Dinkin also claims that Baldridge cooperated with authorities when contacted, 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, bluntly states that Baldridge’s motive was simply “plain greed”, according to U.S. Court Records.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Troy Baldridge’s alleged investment fraud. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Troy Baldridge’s alleged investment fraud may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at email@example.com or firstname.lastname@example.org.