Steven Hoffenberg pled guilty to multiple counts including conspiracy to violate securities laws, mail fraud, conspiracy to obstruct justice, and tax evasion. He was sentenced to 240 months imprisonment, three years supervised release, restitution of $475,157,340, and a fine of $1,000,000. The document details Hoffenberg's fraudulent activities involving Towers Financial Corporation, including misappropriation of funds, fraudulent financial statements, and obstruction of an SEC investigation.
documents/EFTA00795983.pdf
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