20 Facts About Steven Hoffenberg

Steven Jude Hoffenberg was an American businessman and fraudster.

Steven Hoffenberg was the founder, CEO, president, and chairman of Towers Financial Corporation, a debt collection agency, which was later discovered to be a Ponzi scheme.

Towers Financial collapsed in 1993, and in 1995 Hoffenberg pleaded guilty to bilking investors out of $475 million.

Steven Hoffenberg was sentenced to 20 years in prison, plus a $1 million fine and $463 million in restitution.

Steven Hoffenberg was born in Brooklyn, New York to a Jewish family on January 12,1945, along with a twin brother, Martin.

Steven Hoffenberg owned the New York Post from January to March 1993.

Steven Hoffenberg was its chief executive officer, president, and chairman.

Steven Hoffenberg spent 18 years at several prisons, including FCI Fort Dix and the Federal Medical Center, Devens.

Steven Hoffenberg was ordered to pay a $1 million fine and $463 million in restitution.

Steven Hoffenberg settled a civil suit with the US Securities and Exchange Commission for $60 million.

In 1987, he met Jeffrey Epstein through a British defense contractor named Douglas Leese, who Steven Hoffenberg claimed was an arms dealer.

Steven Hoffenberg set Epstein up in offices in the Villard Houses.

Steven Hoffenberg began using Towers Financial funds to pay off earlier investors and pay for a lavish lifestyle that included a Locust Valley, New York, Long Island mansion, as well as homes on Sutton Place and in Florida, and a number of cars and planes.

In court documents, Steven Hoffenberg claimed that Epstein was intimately involved in the Ponzi scheme.

Steven Hoffenberg asserted in court that Epstein had been intimately involved in Tower's financial practices and called Epstein the "architect of the scam".

Steven Hoffenberg held an informal wedding ceremony in front of Trump Tower in Manhattan.

Steven Hoffenberg had been married at least twice before, and had a daughter from a relationship he had been having at the time of his federal prosecution; his daughter met him for the first time at the age of 19 after he was released from prison.

Steven Hoffenberg was found dead at his apartment in Derby, Connecticut, on August 23,2022, at the age of 77.

Steven Hoffenberg's body was in an advanced state of decomposition, and a Derby police officer estimated that he had been dead for roughly a week by the time his remains were found.

Steven Hoffenberg had tested positive for COVID-19 not long before his death.