Jay Lucas Pleads Guilty in $50 Million Fraud

Private Equity Founder Pleads Guilty After $50M Investor Scheme

Lucas Brand Equity founder Jay Lucas pleaded guilty in a criminal case alleging he misused more than $50 million raised from investors.

Jay Lucas, one-time candidate for NH governor, pleads guilty to fraud

Lucas led a venture firm that prosecutors said functioned more like a Ponzi scheme. The 71-year-old former Republican gubernatorial candidate pleaded guilty in a New York courtroom.

Former NH GOP gubernatorial candidate Jay Lucas pleads guilty to $50M investment fraud scheme

Jay Lucas, a businessman and prominent figure in Republican politics in New Hampshire, admitted in a New York federal court to a scheme to raise more than $50 million from

Jay Lucas Pleads Guilty in $50 Million Fraud

Jay Lucas of Portsmouth and Manhattan, pled guilty Friday to securities fraud, investment adviser fraud, wire fraud, and money laundering in connection with a scheme to raise over $50 million from investors by falsely representing that their money would be invested in early-stage health and wellness companies, according to a press from Jay Clayton, U.S. Attorney for the Southern District of New York. Lucas, 71, who ran as the Republican candidat…

Former New Hampshire GOP Candidate Guilty in $50M Fraud Case

Jay Lucas pleaded guilty to wire, securities and investment advisor fraud for misusing investor funds for alimony, rent and his wife's luxury skincare business, prosecutors said.