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Construction Firm Accused by AG of $500K Ponzi scheme

Published Monday Apr 22, 2024

Author Patrick Cronin, Portsmouth Herald

Construction Firm Accused by AG of $500K Ponzi scheme

EPPING — The state attorney general's office has filed a civil action to permanently shut down a local construction firm for allegedly bilking customers out of more than $500,000 and "operating as something akin to a Ponzi scheme."

Southers Construction and its owner Ricky Southers are accused of "unfair or deceptive practices" in violation of the New Hampshire Consumer Protection Act.

The state is seeking to stop Southers from taking customer deposits as well as gain restitution for affected customers. They are seeking civil penalties and a court order to prohibit Southers from owning or managing any construction enterprise in New Hampshire.

The complaint filed in Rockingham Superior Court details 17 different occasions, where the construction firm allegedly entered into contracts with homeowners for home improvement work and collected deposits but performed little or no work.

For the full story, click here.

These articles are being shared by partners in The Granite State News Collaborative. For more information visit collaborativenh.org. 





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