NH News
3:39 pm
Thu January 24, 2013

N.H. Man Charged With Investment Fraud

New Hampshire prosecutors say a Dover man pocketed nearly $300,000 investors gave him to buy and rehabilitate distressed properties.

Nicholas Skaltsis of Dover was charged Thursday with 19 counts of felony theft. He was arraigned in Rochester Circuit Court and applied for a public defender.

Skaltsis was arrested at the New Hampshire State Hospital, where he is a patient.

Senior Assistant Attorney General James Boffetti — in seeking a high bond — told the judge that Skaltsis poses a danger to himself and attempted suicide sometime after the state Bureau of Securities Regulation started its own investigation last August.

The judge set bail at $300,000, effective upon Skaltsis' release from the hospital.

Boffetti said Skaltsis was arrested at the hospital and returned there by law enforcement officials after his arraignment.