On Air Now

Listen

Listen Live Now » 100.3 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
75° Feels Like: 75°
Wind: WSW 9 mph Past 24 hrs - Precip: 0.27”
Current Radar for Zip

Tonight

Clear 55°

Tomorrow

Isolated Thunderstorms 76°

Tues Night

Clear 56°

Alerts

Sentencing in $5-million mortgage fraud scheme

by
Gavel & Stryker, made from Cherry & Ash, sold to Whitney Hoffman. By KeithBurtis (Flickr: Gavel & Stryker) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
Gavel & Stryker, made from Cherry & Ash, sold to Whitney Hoffman. By KeithBurtis (Flickr: Gavel & Stryker) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

UNDATED (WSAU)  A couple will spend time in prison for orchestrating a $5-million mortgage fraud scheme in both Wisconsin and Minnesota. Federal Judge David Doty of Minneapolis sentenced 52-year-old James Hoffman yesterday to six-and-a-half years behind bars. And he must pay $344,000 in restitution to his victims. Hoffman’s 53-year-old wife Teresa was sentenced to a year-and-a-day in prison. The couple is from Stillwater Minnesota. They pleaded guilty in February.

Prosecutors said James Hoffman conspired to defraud mortgage lenders from 2001-through-’09, and his wife joined the scheme five years after it began.

Officials said the Hoffmans employed fake buyers to purchase real estate in both Wisconsin and Minnesota – and the couple kept much of the proceeds from those loans.

Comments