Real Estate Agent and Appraiser Indicted in $1.8 Million Mortgage Fraud Scheme

MINNEAPOLIS, MN – June 17, 2011 – (RealEstateRama) — Yesterday in federal court in Minneapolis, a Maple Grove real estate appraiser and a real estate agent from St. Cloud were indicted in connection with a $1.8 million mortgage fraud scheme that involved 28 properties. Ryan Daryl Krutzig, age 31, of Maple Grove, and Jesse Scott Hoffman, age 32, of St. Cloud, were charged with five counts of wire fraud in connection to the scam. In addition, Krutzig was charged with four counts of mail fraud and two counts of money laundering.