Steven Hoffenberg Net Worth: How Rich was American Businessman?

Steven Hoffenberg was an American businessman and fraudster has died at the age of 77. Derby Police Department said in a statement “On Tuesday, August 23 at approximately 8 PM Derby police officers responded to 201 Mount Pleasant Street in Derby, CT on a requested welfare check. Upon arrival, the body of a white male was found deceased and in a state where a visual identification could not be made. The body was transported to the office of the chief medical examiner (OCME) where an autopsy was performed on Wednesday, August 24. The initial autopsy revealed no trauma sustained by the decedent. The official cause of death is pending further toxicology study. A subsequent dental record comparison is underway to make a positive identification and subsequent notifications to appropriate next of kin. This page will be updated once OCME confirms the identity. Thank you for your patience.”

What was Steven Hoffenberg’s Net Worth?

Steven Hoffenberg Net Worth

$4 Million to $6 Million USD

Steven Hoffenberg
Steven Hoffenberg was an American businessman and fraudster. He was born in 1945 in Brooklyn, New York, NY, he was 77 years old at the time of his demise. Hoffenberg was the founder, CEO, president, and chairman of Towers Financial Corporation. The 77-year-old spent 18 years in prison after being convicted of running a $500m Ponzi scheme in the early 1990s. In 1993, he owned the New York Post for three months. Meanwhile, in April 1995 he pleaded guilty to bilking investors out of $475 million. In 1997, he was arrested and sentenced to 20 years in prison, plus $463 million in restitution and a $1 million fine. On Aug 23rd, he was found dead in his apartment.

The estimated Net Worth of Steven Hoffenberg is between $4 Million to $6 Million USD.

(Image Source: Wikipedia)

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Madhuri Shetty

Madhuri Shetty is a young Indian girl from Mangalore, who continuously searches for new things and the one who likes to explore. Madhuri has a big passion for helping others and motivating people. She has been studying celebrities' Careers, Biographies, Lifestyles, and Net Worth.

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