The story
Founded by Steven Hoffenberg in 1970.1
Private company
Towers Financial Corporation
Fraudulent American debt collection agency
Towers Financial Corporation was a debt collection agency based in Manhattan in New York City. Between 1988 and 1993, Towers Financial ran a Ponzi scheme that was the largest financial fraud in American history prior to Bernie Madoff's being uncovered.2 It was founded by Steven Hoffenberg.1 Wikipedia text CC BY-SA 4.0
Last updated Oct 21, 2026.
Overview
1970Founded1
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Towers Financial Corporation was a debt collection agency based in Manhattan in New York City. Between 1988 and 1993, Towers Financial ran a Ponzi scheme that was the largest financial fraud in American history prior to Bernie Madoff's being uncovered.2
Leadership
Who has led Towers Financial Corporation, and when. Pick a name to see everywhere that person has worked.
- FounderSteven Hoffenberg1
Products and brands
- bond
- promissory note
Listed on Wikidata.1
Timeline
Links
- WikipediaTowers Financial Corporation
- WikidataQ96314918
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2