The NH Justice Department announced last month it is expanding its investigation into suspended real estate broker Daniel Twombly of Hampton, who is accused of failing to make approximately $250,000 in agent commission payments for transactions in recent months and misappropriating his firm’s escrow account after his suspension.

Attorney General John Formella said his office’s Consumer Protection and Antitrust Bureau, the Real Estate Commission and the Office of Professional Licensure and Certification are all “actively investigating” the complaints against Twombly along with his real estate businesses, NE Coast to Country Realty Investments LLC in Hampton, RE/MAX On the Move, with offices in Hampton, Dover and Exeter, and RE/MAX Insight, whose offices were in Manchester and Salem in New Hampshire and Dracut, Methuen and Tewksbury in Massachusetts.

On March 11, Twombly’s principal broker license was suspended by the NH Real Estate Commission “after receiving complaints that he had misappropriated funds held in an escrow account,” Formella said. The commission also sought the immediate establishment of a receivership and the appointment of a receiver over Coast to Country.

A Merrimack County Superior Court judge last month appointed a receiver, Jason Mills, principal of BCM Advisory Group, to operate Coast to Coast “to preserve the assets and minimize the financial hardship to employees and consumers,” according to Formella.

New Hampshire investigators found Coast to Country failed to pay more than $250,000 in commissions between Oct. 1, 2022, and Feb. 28, 2023. In addition, Twombly “had exclusive access to the escrow account and authorized transactions after the time of his suspension, and prevented the Real Estate Commission from auditing the escrow accounts of Coast to Country,” all in violation of state laws, said Formella.

The Portsmouth Herald has also reported that Twombly is also facing an investigation in Massachusetts.

— JEFF FEINGOLD