Regina Preetorius Sentenced to 280 months in Prison for Defrauding Investors in Connection with Scheme to Assist Distressed Homeowners
Regina M. Preetorius, of Augusta, Georgia, was convicted of multiple counts of fraud and three counts of money laundering charges and sentenced to over 23 years in prison in connection with a multi-million dollar investment fraud scheme.
Preetorius promised investors that they would make enormous returns off of their investments in real estate. Her victims were private investors and distressed homeowners facing imminent foreclosure. Instead of assisting investors, she used their money and assets to support her lavish lifestyle.
Preetorius encouraged investors to invest in her company, SDA & Associates, by representing that the money would be used to purchase houses from distressed homeowners, and after the purchases, the houses would be sold at a profit that would provide investors with a minimum return of 12 percent.
Preetorius was responsible for defrauding dozens of investors out of their homes and misapplied over $1 million of investors’ money and converted those funds to her own use.
Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.