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Emmetsburg Woman Enters Plea In Federal Fraud Case

By Staff | Jul 14, 2011

SIOUX CITY An Emmetsburg woman had entered a plea in a fraud case in the United States District Court in Sioux City. Jean Teresa Hoffert, 59, entered a guilty plea to one count of Mail Fraud as part of a plea agreement made during an appearance in the U.S. District Court in Sioux City on Tuesday, July 5.

According to court documents, Hoffert admitted to defrauding others out of money in her capacity as a real estate broker, and caused the United States Mail to be used as part of her fraud activities.

Court documents state that Hoffert, who acted as a settlement agent, failed to pay off prior mortgage loans, which were supposed to be paid off following mortgage loan refinancings. In some other instances, prior mortgages were paid off late.

With Hoffert’s guilty plea to the Mail Fraud charge, sentencing in the case will come before Untied States District Court Judge Mark W. Bennett, following the completion of a presentence investigation.

In accordance with the plea agreement, Hoffert will face a sentence of 57 months imprisonment, and also faces a maximum possible fine of $250,000, or twice the amount of money involved in the offense as well as a special assessment of $100 and up to three years of supervised release following her imprisonment.

Additionally, Hoffert will also be ordered to pay full restitution to all of the victims affected by her related criminal conduct.

Assistant United States Attorney Peter Deegan served as prosecutor in the case, and was assisted in the case by investigations conducted by the Spencer Police Department, the Emmetsburg Police Department, the Iowa Division of Criminal Investigation, the United States Postal Inspection Service and the Federal Bureau of Investigation.