The document details a fraudulent scheme devised by Jeffrey Epstein to raise capital for TFC by selling Promissory Notes. From 1988 to 1992, TFC sold these notes in private placements, raising approximately $272 million. Epstein allegedly falsified financial statements to mislead investors about TFC's financial health, continuing a Ponzi scheme. Only a small fraction of the proceeds were used as intended.
doj/DataSet10/EFTA01386755.pdf
{"key_people":["Jeffrey Epstein","Hoffenberg"],"document_date":"2018-08-20","document_type":"legal","document_subtype":"complaint","key_organizations":["TFC"]}