NH AG blames 3 agencies, including own, for not stopping mortage company’s suspected fraud

NH AG: state agencies’ failures worsened fraud

CONCORD, N.H. — New Hampshire Attorney General Michael Delaney says there were significant failures on the part of three agencies — including his own — in stopping a failed mortgage firm accused of swindling clients of at least $80 million.

Delaney told the governor on Wednesday there was no evidence of a cover-up involving his office, the state Banking Department or the Bureau of Securities Regulation. But he said all three agencies missed opportunities to protect investors.

Financial Resources Mortgage, of Meredith, N.H., closed abruptly in November. Dozens of former investors have sued the company and federal authorities have brought criminal wire fraud charges against the company’s former president.