On Thursday, United States Attorney Randolph J. Seiler announced that a man from Aberdeen, South Dakota had been sentenced to prison for wire fraud. 54-year-old Marwin Hofer was sentenced to two-years in custody on October 30, 2017. He will also serve three years of supervised release.
Hofer has been ordered to pay $100 to the Federal Crime Victims Fund, $125,436.81 in restitution and a $30,000 fine. In 2008, Hofer and three others formed a limited liability company in Aberdeen for the purpose of buying and leasing warehouse space in the area.
Hofer served as the managing member, but each partner had equal membership. Hofer was responsible for the company’s finances and accounting activities. In June of 2012, Hofer wrote a $10,000 check from the partnership’s bank account to another entity that he owned. The other partners did not authorize the transaction.
The transaction was a part of Hofer’s scheme to defraud his partners with the intention of using the money for his own personal benefit. The defendant will turn himself in at a later date. Again, Marwin Hofer was sentenced to 2 years in prison.