Latest Links: NH Man Indicted In Alleged Mortgage Scam, Jobs A Key Point In Opposition To PSNH Power Plant Bill

New Hampshire’s Business And Economic News In Brief

Former Nashua man indicted on money laundering and mail fraud charges as ringleader of mortgage scheme ”CONCORD – A federal grand jury has indicted a former Nashua man whom investigators say was the ringleader of a mortgage scheme that duped financially strapped homeowners out of their properties, which were eventually lost to foreclosure.” (nashuatelegraph.com)

Major Business and City Leaders Oppose Move To Get PSNH To Sell Power Plants ”A house bill that would consider giving the Public Utilities Commission authority to force PSNH to sell its power plants to open up market competition is getting vocal opposition from business leaders and mayors in the state.” (nhpr.org)

Gambling Has Shot In House ”No bill authorizing slot machines or casinos has ever passed the N.H. house, but this plan, which would use the revenue — projected at 290 million dollars — to lower business taxes, is seen as having a shot. House ways and means chairman Steve Stepanek (r-Amherst) says N.H. must act.” (nhpr.org)

$16M in risk pool funds to be returned to municipalities ”CONCORD — The Primex risk management pool, which provides insurance and other coverage for municipalities, has entered into an agreement with the state to return at least $16 million to municipal members no later than Sept. 30. Primex entered into the agreement with the Secretary of State’s office, which has also filed a $100 million legal complaint against another risk management pool, the Local Government Center.” (seacoastonline.com)

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