Editor's note: Feds; We here in Chicago have all those crimes and more within the august halls of The Probate Court of Cook County. Lucius Verenus, Schoolmaster, ProbateSharks.com
Exeter man charged with bilking 2 elderly widows out of more than $1M
Wednesday, October 10, 2012
EXETER, N.H. (AP) — An Exeter businessman is facing charges that he bilked two elderly widows out of more than $1 million.
A federal indictment charges Frederick McMenimen with mismanaging the funds and pocketing the money for himself while working as a financial adviser in Portsmouth. He's charged with mail fraud, interstate transportation of goods taken by fraud, money laundering and tax evasion.
According to the indictment, McMenimen spent $134,000 on his home mortgage, more than $31,000 for docking and yacht utilities, over $120,000 for his children's private school and college tuition, and about $350,000 in credit card payments.
The Portsmouth Herald (http://bit.ly/T4pyW2 ) says McMenimen is already facing a civil lawsuit for allegedly mismanaging $900,000 of a family friend's money to benefit himself.
McMenimen won a $1.4-million state lottery jackpot in 2005.
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Information from: Portsmouth Herald, http://www.seacoastonline.com
http://www.fosters.com/apps/pbcs.dll/article?AID=/20121010/GJNEWS_01/310109988/-1/fosnews
KawamotoDragon.com
Sunday, October 14, 2012
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