Victor Dandridge III Allegedly Misappropriates Customer Funds
January 15, 2019
The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Victor Dandridge III. According to his publicly available FINRA BrokerCheck report, Victor Dandridge has been the subject of a customer dispute.
Victor Dandridge III was a Virginia based securities broker. He worked in the securities industry for four years. During his career, he was registered with just two different securities firms. He is no longer working as a registered securities broker in any fashion.
His Registrations
- T3 Trading Group (2011)
- Thompson Davis & Co. (2012-2016)
The Allegations
In November 2016, a customer alleged that Victor Dandridge III spent the years between 2007 and 2016 misappropriating their funds. The customer also alleged that Dandridge breached his fiduciary duty, breached contract, committed fraud and handled their account negligently. This case is presently pending. The customer is seeking an undisclosed amount in damages. Due to these allegations, Victor Dandridge III pled guilty to two counts of wire fraud and one count of bank fraud. He was sentenced to seven years in prison and ordered to pay full restitution. He was also barred by the United States Securities and Exchange Commission from acting as a securities broker in any fashion.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Victor Dandridge III, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis which means there are no fees charged unless we collect for you.
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