Business & Economy
Jay Lucas Pleads Guilty in $50 Million Fraud
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Jay Lucas, 71, of Portsmouth, 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 the Jay Clayton, U.S. Attorney for the Southern District of New York.








