Minnesota Couple Indicted for Orchestrating $5 Million Mortgage Fraud Scam

MINNEAPOLIS, MN – October 19, 2011 – (RealEstateRama) — Earlier today in federal court, a Minnesota couple was indicted in connection with a $5 million mortgage fraud scheme. James Warren Hoffman, age 51, and his wife, Teresa Gay Hoffman, age 52, both of Stillwater, were indicted on one count of conspiracy to commit mortgage fraud through the use of interstate wire and nine counts of mortgage fraud through interstate wire.