Cases by state
Ponzi schemes in New Hampshire
6 cases announced 2009–2025, involving about $129.1M in reported investor money. Most common types: investment funds & advisory and real estate. Listed by where the main defendant was based.
The largest by reported amount: Jay Lucas ($50M, 2025). Charges are allegations unless a court has entered a conviction or judgment.
Pitch phrases seen in these cases
- “private equity”
- “buy, renovate and sell for a profit”
- “fictitious earnings statements that falsely showed significant earnings”
- “with as much as 14 percent interest”
- “annual returns of 12% to 20%”
- “would receive annual interest payments of at least 12 percent”
Cases
| Date | Case | Location | Industry | Amount |
|---|---|---|---|---|
| Dec 18, 2025 | Jay Lucas | Claremont, NH | Investment funds & advisory | $50M |
| Jun 26, 2025 | Raxx-LeMay LLC, Elm and Baker LLC Robynne Alexander |
Manchester, NH | Real estate | $3M |
| May 15, 2014 | AEO Associates, KMO Associates LLC Aaron E. Olson |
Rindge, NH | Investment funds & advisory | $27.8M |
| Jan 25, 2013 | Liberty Realty Trust Nicholas C. Skaltsis |
Dover, NH | Real estate | $287,000 |
| Apr 9, 2010 | Financial Resources Mortgage Inc, C L and M Inc Scott D. Farah, Donald E. Dodge |
Meredith, NH | Real estate | $33M |
| Mar 5, 2009 | Noble Trust Company Colin P. Lindsey, Lisa Elliott, Jerry Vito Marino |
Manchester, NH | Investment funds & advisory | $15M |