Towers Financial Ponzi Scheme
3
Connections
2
Sources
1
Quality /10
2
Entity Types
Financial fraud crimes committed by Stephen Hoffenberg through Towers Financial Corporation during the 1980s and 1990s, during which period Jeffrey Epstein was also employed at the company.
Connection Graph
Top 3 connections · Full graph →
Mutual Connections
Entities connected to Towers Financial Ponzi Scheme through shared intermediaries, but not directly linked.
Organization
Emery Air Freight Corp
Connected via: Towers Financial, Steven Hoffenberg
Person
Jeffrey Epstein
Connected via: Towers Financial, Steven Hoffenberg
Financial Entity
Towers Financial Corporation
Connected via: Steven Hoffenberg, Stephen Hoffenberg
Organization
Securities and Exchange Commission
Connected via: Towers Financial, Steven Hoffenberg
Organization
Pan Am
Connected via: Towers Financial, Steven Hoffenberg
Key Relationships
Part Of
- Organization Towers Financial - The Ponzi scheme crimes were conducted through and as part of Towers Financial Corporation's operations during the 19... Credible Reporting
Connected To
- Person Steven Hoffenberg - Hoffenberg was the leader of the Towers Financial Ponzi scheme from 1988-1993. Court Record
- Person Stephen Hoffenberg - Stephen Hoffenberg committed the Ponzi scheme crimes through Towers Financial Corporation during the 1980s and 1990s. Credible Reporting
Source Documents & Evidence
“Between 1988 and 1993, Towers Financial raised over $400 million by selling bonds and promissory notes to investors, luring them in using false financial statements. Hoffenberg and his associates then used the money they had raised to pay operatin...”Accessed: 2026-02-21
“Jeffrey Epstein worked at Towers Financial with Stephen Hoffenberg, who committed Ponzi scheme crimes in 1980s and 90s - CBS News”Accessed: 2026-03-16
financial_crime1980s1990s
Added: 2026-02-21
· Updated: 2026-03-16
Embed this entity ·
<iframe src="https://epsteinindex.us.com/embed/event-towers-financial-ponzi-scheme" width="400" height="200"></iframe>