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Failed Manchester developer found to commingle investor money, spent some on foreign trips
The Manchester developer first chosen to buy the former Laconia State School property has been banned from holding a securities license and must pay nearly $100,000 in restitution after state officials concluded she commingled investor money, using it to bankroll…
·New Hampshire, United States
Read Full ArticleLocal developer settles with state after real estate scheme involving 30+ investors, millions in losses - Manchester Ink Link
The Bureau of Securities Regulation discovered that Robynne Alexander was comingling funds between real estate projects and misused investments meant for a specific project to pay out other, unrelated investors.
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