EFTA00795983.txt

"Hoffenberg was the chief executive officer, president and chairman of the board of Towers Financial Corporation"

"Hoffenberg later became chairman of the boardi of UDC"

"Hoffenberg later became chairman of the boardi of... Associated"

"Hoffenberg later became chairman of the boardi of... United Fire"

"In 1987, Towers acquired a controlling interest in United Diversified Corporation ("UDC")"

"charging Hoffenberg and others with using the insurance companies as an instrumentality of Towers... in violation of the Racketeer Influenced and Corr"

"In an agreement dated May 4, 1992, the Insurance Director and the defendants agreed to settle the RICO Action, with Towers paying $3.5 million."

"Hoffenberg gave false testimony to the SEC in New York City on several occasions between November 21 and December 12, 1991"

"Professional Business Brokers, a corporation Hoffenberg owned"

"Hoffenberg evaded personal income taxes by causing his personal expenses to be paid by Professional Business Brokers"

"In March 1993, after the SEC had filed a lawsuit against Towers"

"Hoffenberg controlled '2oWers' daily operations, in.:luding the flow of funds"

"Towers had two subsidiaries: Towers Credit Corporation"

"Towers had two subsidiaries... Towers Collection Services, Inc."

"Towers also owned and controlled Towers Healthcare Receivables Funding Corporations I, II, III, IV and V"

"he and his co-conspirators devised a plan to sell Promissory Notes"

"Hoffenberg and his co-conspirators had agreed from the outset of the SEC's investigation to take whatever steps they deemed necessary to obstruct that"

"Hoffenberg directed his employees to alter the reports sent to Duff & Phelps by combining healthcare receivables from small insurers and adding those "

"Hoffenberg directed Towers employees and associates to testify falsely"