Manchester Woman Sentenced to 30 Months in Federal Prison for Defrauding Dozens of Victims of More Than $3 Million

Manchester Woman Sentenced to 30 Months in Federal Prison for Defrauding Dozens of Victims of More Than $3 Million

CONCORD - A Manchester woman was sentenced on October 15, 2025 federal court in Concord for operating a fraudulent real estate investment scheme that defrauded investors out of more than $3 million, United States Attorney Erin Creegan announces.

Robynne Alexander, age 63, was sentenced by U.S. District Court Judge Samantha D. Elliott to 30 months in prison, 3 years of supervised release, and ordered to pay $2,873,000 in restitution. Alexander pleaded guilty to one count of wire fraud on July 16, 2025.

"Robynne Alexander exploited the trust of her clients and stole millions of dollars to fund her own lifestyle and conceal her fraud," said U.S. Attorney Creegan. "Financial crimes like this devastate victims and undermine confidence in legitimate investment opportunities. This sentence holds her accountable for her deception and demonstrates our commitment to protecting the public from those who abuse positions of trust for personal gain."

"Robynne Alexander actively led clients to believe they were investing responsibly, when in reality she pocketed their money to pay off her personal debts and legal bills from other investors," said Ted E. Docks, Special Agent in Charge of the FBI's Boston Division. "As her lies continued and the losses mounted, she engaged in a cover-up, trying to conceal the staggering fraud. Schemes like this can be simply devastating for victim investors. That's why the FBI is committed to bringing financial fraud to light and perpetrators like Ms. Alexander to justice. We'd like to thank the Securities and Exchange Commission and the New Hampshire Bureau of Securities Regulation for their partnership on this case."

Beginning in 2018, Alexander, previously a real estate investment coach, began raising funds from her coaching clients for a New England real estate venture, Raxx-LeMay, LLC. Despite promising to acquire and renovate two commercial properties in Manchester, NH, she raised only $700K of the $2M minimum required by the May 2018 deadline. Nevertheless, she completed the purchase in July 2018 using expensive hard-money loans and improperly diverted investor funds-initially intended to be held until the $2M threshold was met-to other entities she controlled, to repay outside investors, and to fund additional projects.

Over the next few years, Alexander used investor capital across multiple projects without proper authority or disclosure. She transferred the Raxx-LeMay properties to a new entity she controlled in early 2022, despite lacking investor approval, leaving Raxx-LeMay with no assets and investors with total losses of about $850,000. In a separate project, Elm and Baker, LLC, Alexander solicited $750,000 to convert a Manchester property to apartments but diverted more than half to repay unrelated investors and personal loans, culminating in foreclosure in 2023. Similarly, in late 2022 she solicited funds for a large-scale resort project in Laconia, NH, receiving $250,000 toward the purchase before misappropriating at least $75,000 and ultimately failing to close, causing the project to dissolve. Across at least eight ventures, the defendant defrauded at least 24 investors of more than $3 million.

The Federal Bureau of Investigation led the investigation. The Securities and Exchange Commission and the New Hampshire Bureau of Securities Regulation provided valuable assistance. Assistant U.S Attorney John J. Kennedy prosecuted the case.