Jay Lucas

Lucas is accused of luring investors into a Ponzi scheme involving start-up companies in the health and wellness sector, including a luxury skincare business owned by his wife.

Jay Lucas, a venture capitalist from Portsmouth, sought to reinvigorate Newport, New Hampshire with the promise of positive energy and a revitalized Eagle Times newspaper. Some people in town now blame him for the paper's collapse — and are raising questions about other promises Lucas has made to help turn Newport around.