For Immediate Release
March 12, 2013
Connie Stratton, Senior Assistant Attorney General
Attorney General Michael A. Delaney announced today that James B. Peterson was sentenced by the Hillsborough County Superior Court in Manchester, New Hampshire on one Class A felony charge of Theft by Unauthorized Taking or Transfer. James Peterson waived indictment and pled guilty to the charge.
James Peterson had befriended Richard Morenus and performed some work for him at his house, including some snow removal and a repair in his garage, for which Morenus paid him. Peterson repeatedly asked Morenus for loans, promising him that he would pay him back. Peterson told Morenus that he was desperate for money to fix his car, to pay for food, and for other reasons. Over a seven month period, Morenus made numerous loans to Peterson, totaling over $144,000. Peterson failed to repay any of the monies as promised.
Peterson was sentenced to 1½ to 5 years at the New Hampshire State Prison, stand committed. Conditions of his sentence include that he is prohibited from accepting deposits or any prepayment from anyone prior to providing any promised goods or services; and that he pay restitution to three other individuals from whom he took loans and failed to repay. The total amount of restitution ordered is $261,590.40.
Attorney General Delaney said "James Peterson preyed on Richard Morenus and took advantage of his good and trusting nature. My office will continue to protect those who are targeted by deceitful individuals and whose good deeds result in their being financially exploited."
New Hampshire Department of Justice | 33 Capitol Street | Concord, NH | 03301