Steven Jude Hoffenberg 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.
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In 1993, he rescued the New York Post from bankruptcy, and briefly owned the paper.
Is Steven Hoffenberg Still Rich?
Early in the 1970s, Steven founded Towers Financial Corporation in New York City with the goal of buying consumer debt owed to hospitals, banks, and phone companies.
He held the positions of president, chairman, and chief executive officer, but the business ultimately revealed itself to be a Ponzi scheme.
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Image Credit: Rolling Stone
He owned the conservative-leaning daily tabloid newspaper New York Post for three months in 1993.
At the time of his death, he has a net worth of about $5 million so yeah, he was rich.
Where Is Steven Hoffenberg Now?
Hoffenberg was found dead at his Derby, Connecticut apartment on August 23, 2022. He was 77 years old. Epstein accuser Maria Farmer said she called police to check in on Hoffenberg after she failed to reach him over the phone
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