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Justice News

Department of Justice
U.S. Attorney’s Office
District of South Dakota

FOR IMMEDIATE RELEASE
Thursday, November 2, 2017

Aberdeen Man Sentenced on Wire Fraud

United States Attorney Randolph J. Seiler announced that an Aberdeen, South Dakota, man convicted of Wire Fraud was sentenced on October 30, 2017, by U.S. District Judge Charles B. Kornmann.

Marwin Hofer, age 54, was sentenced to 2 years in custody, followed by 3 years of supervised release.  He was also ordered to pay $100 to the Federal Crime Victims Fund, a $30,000 fine, and $125,436.81 restitution.

Hofer was indicted for wire fraud by a federal grand jury on November 1, 2016.  He pled guilty on July 18, 2017.

In 2008, Hofer and three other partners formed an Aberdeen, South Dakota, limited liability company for the purpose of purchasing and leasing warehouse space in Aberdeen.  Each partner had equal membership and Hofer served as the managing member, which included the duties of being in charge of the finances and accounting of the business.

On June 12, 2012, Hofer wrote a $10,000 check from the partnership bank account to another entity owned by Hofer.  The three other partners did not authorize the transaction.  The transfer of funds was part of Hofer’s scheme to defraud his partners for his personal benefit.

This case was investigated by the Federal Bureau of Investigation.  Assistant U.S. Attorney Jeffrey C. Clapper prosecuted the case.

Hofer will turn himself in at a later date.

Topic(s): 
Financial Fraud
Component(s): 
Updated November 2, 2017