Hoffman Law may have swindled as much as $12M

The Hoffman Law Group, the now-shuttered law office accused of operating a foreclosure scheme, may have swindled at least double the original $5 million estimate from struggling homeowners.

Hoffman Law Group was soliciting homeowners nationwide to sign up for mass-joinder lawsuits under which homeowners typically paid $6,000 in an up-front fee and then $495-a-month to participate in the lengthy lawsuits that floundered in federal court, according to the Palm Beach Post.

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In a report filed last week by court-appointed receiver Mark Bernet, he said total revenues generated by the Hoffman Law Group could be as much as $10-to-$12 million and the “plaintiffs may be entitled to a judgment roughly in that range.”

It’s estimated Hoffman had about 1,200 clients nationwide. [Palm Beach Post]Christopher Cameron