Man accused of using $70k from investor for personal use
CONCORD, N.H. (AP) — The New Hampshire Bureau of Securities Regulation has accused a man who ran a house deconstruction and salvage business of using $70,000 of an investor’s money for personal living expenses.
The bureau alleges that Lewis Niles, of Whitefield, New Hampshire, took the money in 2013 from a Dover man, promised to use it in his businesses, and return him double the amount. The agreement was to use the money in the purchase and sale of waste oil business or building salvage materials.
The complaint says Niles also was stopped by police in 2014 and charged with illegally transporting waste oil and operating without a commercial driver’s license.
Niles can request a hearing. It wasn’t known if he had a lawyer, and a phone number was not in service.