ACCESSING CLASSIFIED FILES
Decrypting documents...
Your connection is being monitored
Back to Individuals
critical risk
Steven Hoffenberg
Towers Financial Ponzi Architect
Epstein's Early Criminal Mentor
Overview
Convicted fraudster who ran the Towers Financial Corporation Ponzi scheme ($475M fraud). He was Epstein's early mentor and business partner in the late 1980s-early 1990s. Hoffenberg repeatedly claimed that Epstein was an equal partner in the fraud but Epstein was never charged. Before his death in 2022, Hoffenberg stated that Epstein learned the art of financial manipulation at Towers.
Key Affiliations
Controversies & Concerns
Ran $475M Ponzi scheme at Towers Financial
Claimed Epstein was equal partner in fraud
Epstein never charged despite Hoffenberg's claims
Found dead in 2022
Related Investigations (1)
Known Associates & Connections
Jeffrey Epstein
Business partner, claimed equal partner in fraud
Ghislaine Maxwell
Connected through Epstein in early 1990s
Les Wexner
Epstein used Wexner money during Towers Financial era
Donald Trump
NYC business circles in 1980s-90s
Sources & Documentation
1 documented sources from official records, investigations, and reports
Personal Information
Education
Key Timeline
1980s
Partnered with Epstein at Towers Financial
1993
Towers Financial collapsed
1997
Sentenced to 20 years for fraud
2022
Found dead