Virgin Islands

An arrest warrant was issued in the U.S. Virgin Islands last week for missing real estate agent Rosemary Sauter-Frett, the owner of the RE/MAX Dream Properties franchise in St. Thomas.

Although it is unclear what charges are pending against Sauter-Frett, clients are trying to recover millions of dollars million in deposits, according to the St. Thomas Source. “Tens of thousands of dollars drawn” on Sauter-Frett’s accounts had bounced in recent weeks, local agents told authorities.


Sauter-Frett is the former president of the St. Thomas Board of Realtors, which issued a statement last week warning people not to make deposits in her accounts. A frequent guest on a local radio show, she owned other businesses on the island and served as president of the Virgin Islands Territorial Association of Realtors and was a director with the National Association of Realtors, according to her Web site.

Sauter-Frett hasn’t been seen in several days, according to reports. Sauter-Frett’s office, which was sealed by police, “appears to have been left abandoned,” the attorney general’s office said in a statement.

In December, Sauter-Frett testified against two “high level” police officers, who were later convicted of extortion and bribery, the Associated Press reports. The officers said Sauter-Frett was involved in a murder-for-hire plot against her husband, but the claim was never investigated and he was never charged, according to the wire service.

 


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Author: Kevin Brass has covered the quirks and trends of the global property industry for many than 20 years, including regular features and analysis in the International Herald Tribune and the New York Times.

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