The Securities and Exchange Commission (SEC) has charged Robynne Alexander, a real estate developer based in Manchester, New Hampshire, with defrauding investors through schemes that resulted in at least $3 million in losses.
According to the SEC’s complaint, Alexander solicited investors to buy securities in real estate investment projects for multiple properties in New Hampshire and Massachusetts between 2018 through 2024. Alexander claimed she would buy, renovate, and sell the properties for a profit.
However, Alexander used what the SEC called “a substantial amount of investor money” to pay fictitious investment returns to certain favored investors while repaying some investors and lenders in unrelated projects. She also pocketed the investors’ funds to cover her personal expenses.
The SEC charged Alexander with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5 thereunder.
Alexander has agreed to an order that bans her from soliciting real estate investor funds, as well as from serving as an officer or director of any public company. She will also be required to pay a civil monetary penalty that will be determined in a later court hearing.
In a parallel action, the US Attorney’s Office for the District of New Hampshire filed criminal charges against Alexander while the New Hampshire Bureau of Securities Regulation also filed administrative charges against Alexander.
Photo: Screenshot of Robynne Alexander in a 2023 YouTube video.
