Steven Hoffenberg, a mentor to Jeffrey Epstein, a convicted sex offender and pedophile, was discovered dead in a Connecticut residence on Tuesday, according to confirmation from authorities on Friday.
Hoffenberg, a successful businessman who served 18 years in jail for running a Ponzi scam, was discovered dead at an apartment in Derby, Connecticut, on Tuesday. Hoffenberg had most likely been dead for at least a week when his corpse was discovered, according to police who were conducting a wellness check.
Dental records helped identify the Hoffenberg’s remains and the cause of death is still being looked into. Early evidence, in the opinion of the authorities, does not suggest wrongdoing. According to local authorities, a private investigator working for a lady who claimed Epstein had sexually assaulted her and who maintained contact with Hoffenberg was the one who requested the health check.
The now-deceased billionaire was hired by Hoffenberg in the 1980s when a Ponzi scam involving Towers Financial Corporation started. Hoffenberg has been referred to as Epstein’s mentor. In 2019, Epstein was discovered dead in a jail cell in New York City, and the cause of death was determined to be suicide.
According to The New York Times, Towers was a debt collecting agency that bought debt from organizations including hospitals and phone companies. Prosecutors said that the Towers firm issued fake notes and bonds totaling more than $460 million while he was in charge of the business. Additionally, the company’s value was fabricated to make it seem stronger.
In 2019, Hoffenberg referred to Epstein, who he had worked with at Towers for around six years, as a “criminal genius.”
He told The Washington Post, “I believed Jeffrey was one of the finest hustlers on two feet. Talent, wit, intelligence, and criminal mastermind. We had something that may be very profitable. We gave it the name Ponzi.”
Despite Hoffenberg’s assertions to the contrary, Epstein was not held accountable for the Towers plan. After serving 18 years in jail, Hoffenberg was freed in 2013.
The financier “was a decent guy,” former acting deputy U.S. attorney general Gary Baise told the Associated Press.
Baise, a close friend of Hoffenberg, said, “He was too brilliant for his own good. He thought his Ponzi scheme would not get him caught, but it failed. He lacked self restraint. One of his issues was that he always assumed he was wiser than the next man.”
Hoffenberg sought to take over the New York Post in the early 1990s, and he briefly had that position in 1993 until his dishonest financial dealings caught up with him.