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 $1,000,000 fine. The case involved fraudulent activities through Towers Financial Corporation, leading to significant financial losses for investors.
documents/EFTA01120705.pdf
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