Feds: Exeter's Rick McMenimen Conned Widows Out of $1M

A former Exeter High School hockey coach who told a couple elderly widows he would invest more than $1 million of their money instead used it to fund an "expensive lifestyle" that included a huge home, a 40-foot boat, and private high schools for his children, federal prosecutors allege.

Rick McMenimen pleaded not guilty to charges of mail fraud, tax evasion, money laundering and interstate transportation of goods obtained by fraud, according to the Associated Press. He's scheduled to go on trial in January.

McMenimen, a financial advisor, helped establish the Rinks at Exeter.

One of the alleged victims in a Hampton Falls resident. Last year year she sued McMenimen for allegedly using some of the $900,000 she gave him to finance his lifestyle—including paying for a boat named "Coach." She said she thought the money was going to investments in her name.