Dennis Nordquist Sentenced to Prison for Theft, Securities Fraud, and Conspiracy

Concord, NH - Attorney General John M. Formella announces that Dennis Nordquist, 71, of Gilford, New Hampshire has been sentenced in the Hillsborough County Superior Court - Northern District to serve two concurrent sentences of 1.5 - 3 years in the New Hampshire State Prison, with a recommendation for administrative home confinement after one year, on one class A felony count of Theft By Deception and one class B felony count of Securities Fraud. Mr. Nordquist was also sentenced to 3.5 - 7 years on a class A felony count of Conspiracy to Commit Theft By Deception, all of which is suspended until 10 years after his release from incarceration. In addition, Mr. Nordquist has been ordered to pay restitution, the amount of which will be determined after further hearing.

In April, Mr. Nordquist was convicted for his role in securing a $962,000 loan to White Birch Brewing, LLC, a now-defunct brewery. The jury found that Mr. Nordquist conspired to obtain the loan by deception, including personally agreeing to repay the loan if the brewery defaulted, even though Mr. Nordquist had no ability or intention to repay the loan.

Investigator Calice Ducey investigated the case with assistance from the New Hampshire Bureau of Securities Regulation. Senior Assistant Attorney General Kevin Scura and Assistant Attorney General J.R. Davis prosecuted the case. Sunny Mulligan Shea assisted as victim-witness advocate.

All are part of the New Hampshire Department of Justice's Consumer Protection and Antitrust Bureau, which investigates and prosecutes deceptive and unfair business practices against New Hampshire consumers. To file a complaint with the Consumer Protection and Antitrust Bureau, call the Consumer Protection Hotline at 1-888-468-4454 or file a complaint online at https://www.doj.nh.gov/citizens/consumer-protection-antitrust-bureau/consumer-complaints.