The document discusses the involvement of Hoffenberg and Towers Financial Corporation (TFC) in a Ponzi scheme, detailing the misuse of securities proceeds, creation of phony receivables, and obstruction of an SEC investigation. It lists numerous lawsuits filed against Hoffenberg and TFC in the Southern District of New York related to the scheme. The victims include over 200,000 individuals entitled to significant financial restitution.
doj/DataSet10/EFTA01386760.pdf
{"key_people":["Hoffenberg"],"document_date":"2018-08-20","document_type":"legal","key_locations":["Southern District of New York"],"document_subtype":"court filing","key_organizations":["Towers Financial Corporation","SEC"]}