Augusta woman sentenced in investor fraud scheme - WFXG FOX 54 - News Now

Augusta woman sentenced in investor fraud scheme

AUGUSTA, GA (WFXG) -

An Augusta woman was sentenced to more than 23 years in prison for her role in a multi-million dollar investor fraud scheme, according to the U.S. Attorney's Office, Southern District of Georgia.

Regina M. Preetorius, 47, was convicted in September 2013 of eight counts of mail fraud, two counts of wire fraud, and three counts of money laundering.

Evidence presented at trial and during sentencing showed that between 2004 and 2009, Preetorius defrauded dozens of investors out of homes and more than $1 million, according to the attorney's office. The victims included private investors and homeowners facing imminent foreclosure.

Preetorius promised certain investors that they would make enormous returns off of their investments in real estate, according to the attorney's office. Instead, she used the homes and money to support her lifestyle.

Preetorius also was ordered to pay more than $1.4 million in restitution, according to the attorney's office. After she is released from prison, she will serve three years of supervised release.  

Copyright 2014 WFXG. All rights reserved.

  • NEWSMore>>

  • DC debuts 'Aquaman' trailer at San Diego Comic-Con

    DC debuts 'Aquaman' trailer at San Diego Comic-Con

    Saturday, July 21 2018 5:04 PM EDT2018-07-21 21:04:43 GMT

    The movie will hit the box office just days before Christmas on Dec. 21, 2018.

    More >>

    The movie will hit the box office just days before Christmas on Dec. 21, 2018.

    More >>
  • Trump finds it 'inconceivable' lawyer would tape a client

    Trump finds it 'inconceivable' lawyer would tape a client

    Saturday, July 21 2018 9:26 AM EDT2018-07-21 13:26:09 GMT
    Saturday, July 21 2018 10:34 PM EDT2018-07-22 02:34:20 GMT
    (AP Photo/Seth Wenig, File). FILE - In this April 26, 2018 file photo, Michael Cohen leaves federal court in New York.  President Donald Trump's former personal lawyer secretly recorded Trump discussing payments to a former Playboy model who said she h...(AP Photo/Seth Wenig, File). FILE - In this April 26, 2018 file photo, Michael Cohen leaves federal court in New York. President Donald Trump's former personal lawyer secretly recorded Trump discussing payments to a former Playboy model who said she h...

    President Donald Trump claims that his former personal lawyer's taping of their private phone conversations is "totally unheard of & perhaps illegal.".

    More >>

    President Donald Trump claims that his former personal lawyer's taping of their private phone conversations is "totally unheard of & perhaps illegal.".

    More >>
  • Survivor recounts boat accident that killed 9 family members

    Survivor recounts boat accident that killed 9 family members

    Saturday, July 21 2018 12:18 AM EDT2018-07-21 04:18:54 GMT
    Saturday, July 21 2018 10:30 PM EDT2018-07-22 02:30:44 GMT
    (AP Photo/Charlie Riedel). People pray outside Ride the Ducks, an amphibious tour operator involved in a boating accident on Table Rock Lake, Friday, July 20, 2018 in Branson, Mo.(AP Photo/Charlie Riedel). People pray outside Ride the Ducks, an amphibious tour operator involved in a boating accident on Table Rock Lake, Friday, July 20, 2018 in Branson, Mo.

    More than half of the 17 people killed when a tourist boat sank on a Branson lake were members of the same Indiana family, and they likely wouldn't have been on the ill-fated trip but for a ticket mix-up.

    More >>

    More than half of the 17 people killed when a tourist boat sank on a Branson lake were members of the same Indiana family, and they likely wouldn't have been on the ill-fated trip but for a ticket mix-up.

    More >>
Powered by Frankly