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>>

  • DHS secretary: FEMA chief misused cars, but won't lose job

    DHS secretary: FEMA chief misused cars, but won't lose job

    Saturday, September 22 2018 2:20 AM EDT2018-09-22 06:20:42 GMT
    Saturday, September 22 2018 6:41 AM EDT2018-09-22 10:41:23 GMT
    (AP Photo/Evan Vucci). President Donald Trump shakes hands with FEMA Administrator Brock Long as Homeland Security Secretary Kirstjen Nielsen watches after visiting areas in North Carolina and South Carolina impacted by Hurricane Florence, Wednesday, S...(AP Photo/Evan Vucci). President Donald Trump shakes hands with FEMA Administrator Brock Long as Homeland Security Secretary Kirstjen Nielsen watches after visiting areas in North Carolina and South Carolina impacted by Hurricane Florence, Wednesday, S...

    The head of the federal disaster response agency used government vehicles without proper authorization, but will not lose his job over it, Homeland Security Secretary Kirstjen Nielsen said Friday.

    More >>

    The head of the federal disaster response agency used government vehicles without proper authorization, but will not lose his job over it, Homeland Security Secretary Kirstjen Nielsen said Friday.

    More >>
  • Committee gives Kavanaugh accuser more time

    Committee gives Kavanaugh accuser more time

    Saturday, September 22 2018 1:51 AM EDT2018-09-22 05:51:44 GMT
    Saturday, September 22 2018 6:41 AM EDT2018-09-22 10:41:03 GMT
    (Jim Bourg/Pool Photo via AP, File). FILE - In this Sept. 4, 2018, file photo Supreme Court nominee Judge Brett Kavanaugh is surrounded by photographers as he stands with Senate Judiciary Committee Chairman Chuck Grassley R-Iowa, during his confirmatio...(Jim Bourg/Pool Photo via AP, File). FILE - In this Sept. 4, 2018, file photo Supreme Court nominee Judge Brett Kavanaugh is surrounded by photographers as he stands with Senate Judiciary Committee Chairman Chuck Grassley R-Iowa, during his confirmatio...

    The high-stakes brinkmanship over whether Brett Kavanaugh's accuser would testify before the Senate Judiciary Committee came to a momentary standstill as GOP Chairman Chuck Grassley gave Christine Blasey Ford more time to decide on the terms of her appearance.

    More >>

    The high-stakes brinkmanship over whether Brett Kavanaugh's accuser would testify before the Senate Judiciary Committee came to a momentary standstill as GOP Chairman Chuck Grassley gave Christine Blasey Ford more time to decide on the terms of her appearance.

    More >>
  • Investigation finds Maryland culpable in death of player

    Investigation finds Maryland culpable in death of player

    Friday, September 21 2018 6:01 PM EDT2018-09-21 22:01:02 GMT
    Saturday, September 22 2018 5:21 AM EDT2018-09-22 09:21:36 GMT
    Maryland's athletic director acknowledged that "mistakes were made" by the training staff in the treatment of McNair. (Source: AP Photo/Patrick Semansky)Maryland's athletic director acknowledged that "mistakes were made" by the training staff in the treatment of McNair. (Source: AP Photo/Patrick Semansky)

    An independent investigation into the death of University of Maryland football player Jordan McNair has determined that trainers on the scene did not follow proper procedures after he collapsed on the field.

    More >>

    An independent investigation into the death of University of Maryland football player Jordan McNair has determined that trainers on the scene did not follow proper procedures after he collapsed on the field.

    More >>
Powered by Frankly