Crime & Courts

Richmond Co. | Columbia Co. | Aiken Co. |

Former Augusta area businesswoman Regina Preetorius pleads not guilty to federal charges

Wednesday, Oct. 31, 2012 4:55 PM
Last updated Thursday, Nov. 1, 2012 8:33 AM
  • Follow Business

A woman who operated a mortgage rescue company in the Augusta area entered a not-guilty plea Wednesday afternoon to federal charges of mail fraud and money laundering.

Regina M. Preetorius, 45, who now lives in Goodyear, Ariz., made her first appearance this week in U.S. District Court in Augusta, where
any trial would take place. U.S. Magistrate Judge W. Leon Barfield set a $20,000 secured bond for Preetorius.

She was indicted Aug. 8 on 13 criminal charges related to her former company, SDA & Associates. Preetorius promised investors a safe way to earn interest while their money – more than $1.7 million, according to the indictment – would save distressed homeowners from foreclosure.

In reality, Preetorius played an illegal shell game, according to the indictment. Some investors lost their life savings, people who thought they were buying homes through lease-purchase agreements with SDA were evicted, and homeowners desperate to avoid foreclosure lost any equity they had in their property after mortgage holders fore­closed.

The indictment ac­cuses Pre­etorius of obtaining money and property by lying and other fraudulent pretenses from 2004 through 2009 while “aided and abetted by others.”

No one else is named in the indictment, however.

Assistant U.S. Attor­ney David M. Stewart told the judge that Preetorius’ attorney will have complete access to 10,000 documents and any additional material that investigators find.

FBI special agent Paul Kubala is the lead investigator in the case.

Barfield set a 10-day deadline for filing defense motions, but indicated he will extend the deadline if Preetorius’ attorney needs more time to prepare.

Comments (2) Add comment
ADVISORY: Users are solely responsible for opinions they post here and for following agreed-upon rules of civility. Posts and comments do not reflect the views of this site. Posts and comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click the "Flag as offensive" link below the comment.
soapy_725
43557
Points
soapy_725 11/01/12 - 07:23 am
0
1
What idiot would plead guilty in 2012
Unpublished

At least she exhibits a knowledge of the law. Now that she has been accused of breaking same.

JRC2024
8095
Points
JRC2024 11/01/12 - 07:51 am
1
0
Anyone who preys on people in

Anyone who preys on people in distress should go streight to jail.

MarinerMan
2107
Points
MarinerMan 11/01/12 - 08:22 am
1
0
Change of Scenery ??
Unpublished

Wonder if there is a SDA & Associates now open in Goodyear, AZ ?

Jane18
12332
Points
Jane18 11/02/12 - 08:08 pm
0
0
Another Thief?

Just like in another article where someone tricked a cashier out of a hundred dollars, this woman and the charges against her, means she is a thief too! It doesn't matter if it's a hundred dollars or a million dollars, a thief is a thief!!

Back to Top

Search Augusta jobs