All persons
Steven Hoffenberg
1945–2022
- Nationality
- United States
- Occupation
- businessperson
Steven Jude Hoffenberg (January 12, 1945 â August 2022) was an American businessman and fraudster.
Incarceration history
Facilities
- Fmc DevensDates unknown
- Fci Fort DixDates unknown
Biography
Steven Jude Hoffenberg (January 12, 1945 â August 2022) was an American businessman and fraudster. He was the founder, CEO, president, and chairman of Towers Financial Corporation, a debt collection agency, which was later discovered to be a Ponzi scheme. In 1993, he rescued the New York Post from bankruptcy, and briefly managed the paper while its affairs were in bankruptcy court. Towers Financial collapsed in 1993, and in 1995 Hoffenberg pleaded guilty to bilking investors out of $475 million. He was sentenced to 20 years in prison (serving 18 years), plus a $1 million fine and $463 million in restitution. The U.S. SEC considered his financial crimes to be "one of the largest Ponzi schemes in history".
Related people
Same nationality and era where possible; falls back to shared nationality or era.
Billy Ray Waldon1952United States.jpg)
Alan Gross1949United States_Press_Photo_of_Reiko_Sato.jpg)
Reiko Sato1931–1981United StatesReiko Sato (Japanese: ä½è¤ æå; December 19, 1931 â May 28, 1981) was an American dancer and actress.
- Dorothea Puente1929–2011United States