© 2024 Connecticut Public

FCC Public Inspection Files:
Public Files Contact · ATSC 3.0 FAQ
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Police believe person found dead in Derby was swindler Hoffenberg

HARTFORD, Conn. (AP) — Connecticut authorities were working Thursday to confirm that convicted Ponzi schemer and Jeffrey Epstein mentor Steven Hoffenberg was the person found dead in an apartment earlier this week.

Lt. Justin Stanko, of Derby police, said evidence at the scene — including a car, cell phone and a medical record — all pointed to the person being Hoffenberg. But the body could not be immediately identified because of an advanced stage of decomposition, and officials were waiting for confirmation from dental records, he said.

Stanko said it appears the person had been dead for at least seven days. An initial autopsy was inconclusive but determined there were no signs of trauma. The cause of death was pending toxicology test results.

"There’s not one thing that doesn’t point to it not being him,' Stanko told The Associated Press.

A private investigator for a woman who identified herself as a sexual assault victim of Epstein's called police and requested a welfare check at the multifamily home on Tuesday, saying the woman had not heard from Hoffenberg for five days and that was unusual, police said.

Officers went to the home and were able to see the body by looking through a first-floor window, Stanko said. Derby is about 12 miles (19 kilometers) northeast of Bridgeport.

It was not immediately clear when the dental records check would be complete.

Hoffenberg, 77, who once tried to buy the New York Post, was sentenced in 1997 to 20 years in prison for one of the country's largest Ponzi schemes. He admitted that he swindled thousands of investors out of $460 million. He was released from federal custody in 2013, according to the Bureau of Prisons.

Hoffenberg, however, later claimed Epstein was the “architect” of the scam, in a 2019 interview with The Washington Post. At the time of the scheme, Epstein worked for Hoffenberg's bill collection company, Towers Financial Corp. Epstein, however, was never charged in the fraud.

Epstein died by suicide in a federal jail in New York City in 2019 while awaiting trial on allegations that he sexually abused dozens of girls.

Hoffenberg briefly took over the New York Post in 1993 while bidding to own it. The Post reported that Hoffenberg funded the paper for three months and rescued it from bankruptcy. His efforts to buy the paper were derailed by civil fraud allegations by the Securities and Exchange Commission that led to the criminal prosecution of the Ponzi case.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.

Stand up for civility

This news story is funded in large part by Connecticut Public’s Members — listeners, viewers, and readers like you who value fact-based journalism and trustworthy information.

We hope their support inspires you to donate so that we can continue telling stories that inform, educate, and inspire you and your neighbors. As a community-supported public media service, Connecticut Public has relied on donor support for more than 50 years.

Your donation today will allow us to continue this work on your behalf. Give today at any amount and join the 50,000 members who are building a better—and more civil—Connecticut to live, work, and play.