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Friday, 6 March 2009

41-year-old Colin Lindsey, owner of Noble Trust Company of Manchester, took money from new investors to pay back old investors whose money he had lost

The owner and chief operating officer of a former New Hampshire investment company are charged in an alleged fraud scheme with as many as 300 victims.State Banking Commissioner Peter Hildreth says 41-year-old Colin Lindsey, owner of Noble Trust Company of Manchester, took money from new investors to pay back old investors whose money he had lost, then falsified records.Prosecutors say there could be as many as 300 victims.The former company's chief operating officer, 45-year-old Lisa Elliot, of Epsom, has been charged with knowing about the alleged scheme and not reporting it.

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