Failed commitments in New Hampshire business community

Robynne Alexander, a New Hampshire developer facing fraud charges, has a history of failed real estate projects that she either abandoned or was forced to drop. In her promotional materials, Alexander often touted the tagline “We solve problems for profit” to attract investors to her ventures. One of her most notorious flops was the Laconia State School redevelopment project, but she also has a trail of abandoned projects in Manchester, including two on Elm Street, both of which were highlighted in the charges against her.

The state Bureau of Securities Regulation has reached a consent order with Alexander, where she confessed to improperly mixing funds between various real estate projects and using investments meant for one project to pay off unrelated investors. Furthermore, the Securities and Exchange Commission (SEC) has accused her of defrauding investors through real estate schemes, resulting in losses of over $3 million between 2018 and 2024. In a plea deal, Alexander, a 63-year-old Manchester resident, has accepted the charges and faces sentencing in federal court soon.

Despite the media frenzy surrounding her involvement in the Laconia State School project, where she ultimately withdrew her $21.5 million offer after failing to secure financing, Alexander’s association with other projects also ended in disappointment. One such project, Signature on Elm at 1211 & 1217 Elm Street in Manchester, aimed to develop 35 apartments with commercial and retail space but was completed without Alexander’s participation.

The SEC’s complaint highlights Alexander’s unethical behavior, accusing her of misleading investors and diverting funds intended for specific projects for personal use, including trips to several destinations like Paris, Barcelona, and New Orleans. These misrepresentations and deceptive actions have resulted in unfulfilled promises to investors and unresolved real estate projects.

Despite her self-proclaimed ability to “solve problems for profit,” Alexander’s track record is marred with broken promises and abandoned ventures. The fallout from her fraudulent activities has left a trail of disappointed investors and failed real estate projects in her wake. As she faces the consequences of her actions in court, it serves as a cautionary tale for investors and developers alike to exercise due diligence and scrutiny when entering into real estate ventures. Alexander’s story underscores the importance of transparency, integrity, and honesty in the realm of real estate development to protect investors and uphold the integrity of the industry.