A Dover man who once chained himself to a giant water slide is being ordered to pay restitution to investors in his failed amusement park.
The Liquid Planet Water Park in Candia shut its doors in 2015. Its owner, Kevin Dumont, drew attention that year forchaining himself to a 30-foot tall waterslide.He spent 12 days protesting the park’s foreclosure and subsequent auction before climbing down.
In 2016, Dumont came under scrutiny by the New Hampshire Bureau of Securities Regulation. Twenty-two investors complained Dumont failed to notify them of key information about the park. Dumont also wasn’t registered to sell securities to the public.
“Securities offerings to the public at large are required under law to be registered with the Bureau and required to have true and accurate disclosure of information about the business for investors,” states the final ruling in the case released on Tuesday.
The Bureau is ordering Dumont to pay more than $1.3 million in restitution, as well as $125,000 in fines and costs to the state.
Dumont has 30 days to appeal the decision.
