Steven Hoffenberg's Wall Street activities and alleged ties to Jeffrey Epstein and a $1 billion securities fraud

Hoffenberg began pax month for Epstein’s exper The SEC had already tling with him out of cou a securities. But Hoffenberg In the 1980s, several n CHAPTER 57 | the greenmailing of pub i ‘d mailing means, in practic investors will start buyin, “tg yulnerable to takeover att 4 a utives at those companies ee risky, but very often tl profit. Yet another thing Hol American World Airways. its downward trajectory, t For Hoffenberg,’ the ; huge. Steven Hoffenberg: July 10, 1987 re was Steven Hoffenberg. head of Towers Financial ch as unpaid efore there was Bernie Madoff, the In 1987, Hoffenberg was the n, a company that bought debts, su medical bills, at a very steep discount while pressing the debtors to repay in full. Hed started the company fifteen years earlier with two thousand dollars and just a handful of employees. ; Thanks, in part, to a grueling work ethic, he’d turned that into a q much bigger concern, with twelve hundred employees and stock ~ that traded over the counter. But Hoffenberg still spent fifteen hours each day, six days a week, in his office. ‘ He wanted more. Hoffenberg was @ Wall Street outsider. A y. A college dropout, like Epstein. g wanted was respect. The other ¥ r with Wall Street’s inner workings: Jef ns, fit the bill Corporatio q According to Hoffenberg, " over of Pan Am—a deal tl 7 Steven Hoffenberg stil listening to him, one mus penilty to criminal conspir: million swindle, a familiz E ernie Madoff case. Brooklyn bo One thing Hoffenber | Like so many others without the necessary w ent at the office, he'd als 3 someone who was familia frey Epstein, who had traded options for Bear Stear F st 110 HOUSE_OVERSIGHT_022079