HOUSE_OVERSIGHT_021969.jpg
2.08 MB
Extraction Summary
3
People
5
Organizations
1
Locations
3
Events
2
Relationships
3
Quotes
Document Information
Type:
Book excerpt (filthy rich) / house oversight committee evidence
File Size:
2.08 MB
Summary
This document is an excerpt from the book 'Filthy Rich' (Chapter 27, pages 110-111) included in House Oversight records. It details the business relationship established in 1987 between Steven Hoffenberg (Towers Financial) and Jeffrey Epstein, where Hoffenberg paid Epstein $25,000 monthly for consulting. The text describes Epstein's role in a failed attempt to take over Pan Am Airways and notes Hoffenberg's eventual 1995 conviction for a $460 million Ponzi scheme.
People (3)
| Name | Role | Context |
|---|---|---|
| Steven Hoffenberg | Head of Towers Financial |
Wall Street outsider who hired Epstein as a consultant; later pleaded guilty to a $460 million swindle.
|
| Jeffrey Epstein | Consultant |
Hired by Hoffenberg for $25,000/month; handled the attempted takeover of Pan Am; former Bear Stearns options trader.
|
| Bernie Madoff | Financial Fraudster |
Mentioned as a comparison to Hoffenberg's Ponzi scheme type fraud.
|
Organizations (5)
| Name | Type | Context |
|---|---|---|
| Towers Financial |
Company headed by Steven Hoffenberg.
|
|
| Bear Stearns |
Mentioned as the place where Epstein previously worked with options.
|
|
| SEC |
Securities and Exchange Commission; settled out of court with Hoffenberg regarding unregistered securities.
|
|
| Pan American World Airways |
Target of an attempted takeover by Hoffenberg, handled by Epstein.
|
|
| House Oversight Committee |
Source of the document (via Bates stamp).
|
Timeline (3 events)
1987
Hoffenberg begins paying Epstein $25k/month for consulting.
New York
1995
Locations (1)
| Location | Context |
|---|---|
|
Described as the environment where Hoffenberg was an outsider and Epstein had inner working knowledge.
|
Relationships (2)
Hoffenberg paid Epstein $25,000/month as a consultant.
Text refers to Epstein's knowledge of options for Bear Stearns.
Key Quotes (3)
"Hoffenberg began paying twenty-five thousand dollars per month for Epstein's expertise as a consultant."Source
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Quote #1
"According to Hoffenberg, Epstein handled the attempted takeover of Pan Am—a deal that went sideways almost immediately."Source
HOUSE_OVERSIGHT_021969.jpg
Quote #2
"one must bear in mind that in 1995, he pleaded guilty to criminal conspiracy and fraud charges involving a $460 million swindle"Source
HOUSE_OVERSIGHT_021969.jpg
Quote #3
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