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Hoffenberg began pay month for Epstein’s exper The SEC had already tling with him out of cou securities. But Hoffenberg In the 1980s, several n the greenmailing of pub mailing means, in practic investors will start buyin vulnerable to takeover att utives at those companies It’s risky, but very often th profit. Yet another thing Hol American World Airways its downward trajectory, t For Hoffenberg, the 1 huge. CHAPTER 27 According to Hoffenberg, over of Pan Am-a deal tl Steven Hoffenberg: July 10, 1987 Steven Hoffenberg stil B efore there was Bernie Madoff, there was Steven Hoffenberg. In 1987, Hoffenberg was the head of Towers Financial Corporation, a company that bought debts, such as unpaid medical bills, at a very steep discount while pressing the debtors to repay in full. He’d started the company fifteen years earlier with two thousand dollars and just a handful of employees. Thanks, in part, to a grueling work ethic, he’d turned that into a much bigger concern, with twelve hundred employees and stock that traded over the counter. But Hoffenberg still spent fifteen hours each day, six days a week, in his office. He wanted more. Hoffenberg was a Wall Street outsider. A Brooklyn boy. A college dropout, like Epstein. One thing Hoffenberg wanted was respect. The other was someone who was familiar with Wall Street’s inner workings. Jel frey Epstein, who had traded options for Bear Stearns, fit the bill 110 listening to him, one mus guilty to criminal conspir million swindle, a familia Bernie Madoff case. Like so many others. without the necessary u spent at the office, he’d als¶