1 of 1
Story summary
- Jay Lucas, a former Republican candidate for New Hampshire governor, was arrested for running a $50 million Ponzi scheme.
- Federal prosecutors charged Lucas with securities fraud, wire fraud, and money laundering, and he faces up to 20 years in prison for each fraud charge.
- Since 2017, Lucas allegedly misled investors, diverting funds for personal expenses and Immunocologie, his wife’s skincare business, and the actions contributed to Eagle Times' closure.
