Crime & Courts

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

Former Augusta area businesswoman back in court

  • Follow Crime & courts

A former Augusta-area businesswoman whose real estate dealings have been questioned was arraigned on criminal charges again Thursday in federal court.

An indictment returned by a federal grand jury in February expanded the list of Regina M. Preetorius’ alleged victims to include people evicted from homes they believed they were buying from her through lease-purchase agreements.

Preetorius pleaded not guilty Thursday to 10 counts of mail and wire fraud and three counts of money laundering.

A hearing in U.S. District Court is set for April 1, and a tentative trial date is set for two weeks later.

According to the indictment, from 2004 to 2009, Pree­tor­ius created several companies, including SDA & Asso­ciates.

She advertised the company as a foreclosure rescue operation, saying she could save homeowners from
foreclosure, make a minimum 12 percent profit for investors and provide a way for renters to become home­owners.

By the time Preetorius and her husband declared bankruptcy in 2009, financial institutions had foreclosed on more than 40 properties, about a dozen people
had declared bankruptcy and others had lost their life savings.

According to the indictment, Preetorius is accused of cheating investors out of $1.7 million.

She is also accused of defrauding distressed homeowners and renters by converting property and payments for her own use.

Preetorius is free on bond. According to court records, she lives in Goodyear, Ariz.

Comments (1)

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.
rmwhitley
5081
Points
rmwhitley 03/01/13 - 09:03 am
0
0

I wonder

Unpublished

if she now works for HUD or the Dept. of Homeland Security under obama?

Greengolf
64
Points
Greengolf 03/01/13 - 11:14 am
0
0

Who was the lawyer in all these transactions?

Not sure you can do all this without a lawyer.

Back to Top

Loading...