Enforcement News: N.H. Real Estate Developer and Coach Charged with Multimillion Dollar Real Estate Investment Fraud
Print Article- Posted on: Jul 2 2025
By: Jeffrey M. Haber
On June 26, 2025, the Securities and Exchange Commission (SEC”) announced (here) that it charged a Manchester, New Hampshire resident, Robynne Alexander, a real estate investment coach and real estate investment coach, with defrauding investors through real estate investment schemes resulting in losses of at least $3 million.
According to the complaint filed by the SEC (here), from 2018 through 2024, defendant solicited investors to buy securities in real estate investment projects for multiple properties in New Hampshire and Massachusetts, that she represented she would buy, renovate, and sell for a profit. The SEC alleged that defendant did not use the investment proceeds as represented. Instead, said the SEC, defendant used a substantial amount of investor money to pay fictitious investment returns to certain favored investors (in Ponzi-like fashion), to repay some investors and lenders in unrelated projects, and as her primary means of paying her personal expenses.
The SEC’s complaint (here), filed in the United States District Court for the District of New Hampshire, charged defendant 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. Defendant consented to the entry of an order permanently enjoining her from violating the charged provisions; enjoining her from participating in the issuance, purchase, offer, or sale of any security, and from engaging in activities for the purpose of inducing or attempting to induce the purchase or sale of any security, except for her own account; permanently barring her from serving as an officer or director of any public company; and providing that the Court order disgorgement plus prejudgment interest and a civil monetary penalty, in amounts to be determined by the Court.
In a parallel action, the U.S. Attorney’s Office for the District of New Hampshire filed criminal charges against defendant. Defendant pleaded guilty and agreed to, among other things, provide $3 million in restitution to investors harmed by her actions.
Additionally, defendant entered into a consent order (here) with the New Hampshire Bureau of Securities Regulation (the “Bureau”) pursuant to which defendant agreed to cease and desist from offering or selling securities in New Hampshire. Defendant also agreed not to hold any securities licensure in New Hampshire and to pay $96,730.06 in restitution to the victims.
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Jeffrey M. Haber is a partner and co-founder of Freiberger Haber LLP. This article is for informational purposes and is not intended to be and should not be taken as legal advice.
