Feds: Exeter's Rick McMenimen Ran $1M Con Job

A former Exeter High School hockey coach who told two women 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 was recently indicted on criminal charges that include money laundering, the Union Leader reported.

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

He's accused of taking advantage of the two women, who are elderly, according to the Union Leader.

“Each was widowed, financially unsophisticated and placed great trust in (McMenimen) to handle her financial affairs with little or no oversight on her part,” Assistant U.S. Attorney William Morse said in court papers, according to the UL.

One of the women is Susan Wagstaff, of Hampton Falls. Earlier this 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. Documents related to her suit can be found above in the photos.