EFTA Document EFTA01386760

Case 1:18-cv-07580 Document 1 Filed 08/20/18 Page 14 of 26 substantial amounts of the proceeds from the sales of the securities to meet TFC's operating expenses; (viii) created phony receivables to misrepresent the true financial ability to repay Bonds; and (ix) agreed from the outset of the SEC's investigation to take whatever steps they deemed necessary to obstruct that investigation and conceal their criminal activities. 60. Beginning in the early 1990's, approximately one hundred (100) lawsuits, including, but not limited to, the cases listed below, were filed in the District Court of the Southern District of New York against Hoffenberg and TFC in connection with the TFC Ponzi Scheme: 1:89-ev-0 1689-12O I :92-cv-08998-SS 1:93-cv-00810-WK-AJP 1:93-cv-00855-WK-KAR 1: 93-cv-00987-WK 1:93-cv-0 1045-WK I:93cv-01047-WK I:93-cv-01094-WK I:93-cv-0 1095-WK I :93-cv-01155-WK I:93-cv-0 1303-WK Foti v. Towers Financial Corp. United Air Fleet v. Hoffenberg. et al Gold. et a! v. Towers Financial. et al Field v. Tuts Financial Corp.. ell Ziegler v. T'.ws Financial Corp., et al lzzo v. Towers Financial. .4 al Batten. et al v. Towers Financial et al et al v. Twrs Financial Corp.. et al Leibman, et a! v. Towers Financial, et al Penner v. Towers Financial, ct al Thom. el al v. Mrs Financial Corp.. et al I:93-cv-01543-WK Siudmak. et al v. Towers Financial, et al filed 03/12/93 1:93-cv-01686-WK-KAR Dank of Cape Verde v. TFC Funding Corp.. eta filed 03/17/93 1:93-cv-04449-WK Dinsmore v. Towers Financial. et al filed 06/30/93 1:94-cv-00619-WK-KAR Davis v. Hoffenberg. et al filed 02/01/94 1:94-cv-00724-W1C Rothman v. Hoffenberg 1 :94-cv-00725-WK General Retirement. el al v. Hoffenberg. et al I:94-cv-00814-WK Incl. et al v. Hoffenberg. et al 1:94-ev-02727-WK Amer. Intl Lines, dal v. Tow= Financial, is al filed 04/14/94 1:94-cv-09344-WK-AN Sheridan. et al v. Hoffenberg. et al filed 12/29/94 I:96-cv-04656-MGC Cohen, et al v. Hoffenberg, et al filed 06/21/96 II:96-cv-05125-PKI.. Cohen, Mal v. Hoffenberg, et al filed 07/08/96 I080-WK-ICAR Shanmut flank v. Towers Financial, et al filed 02125/93 1:94-cv-0 1792-WK Shawmut Bank Conn. v. HotTenberg. el al filed 03/15/94 I:90-cv-00056-LBS Sahlim & Assac. v. Towers Financial Cor filed 01/04/90 I:88-cv-09178-RWS Associated Dry Goods v. Tossers Financial filed 12/28/88 Riviera v. Towers Financial, et al filed 02119/93 Siudinak, et al v. Towers Financial. et al filed 03/12/93 Dinsmore v. Towers Financial. et al filed 06/30/93 Superstock, Inc. v. Towers Fin. Corp.. et al filal 08/01/91 Murphy, et al v. Tun Financial Corp.. et al filed 02/18/93 Von Stange v. Twrs Financial Corp.. et al filed 03/24/93 I:93-cv-00992-WK I :93-cv-0 1543-WK I:93-cv-04449-WK I :91-cv-05231-1.JF l:93-cv-00961-WK 1:93-cv-0 1927-WK filed 03/13/89 filed 12/14/92 filed 02/10/93 filed 02/11/93 filed 02/19/93 filed 02/23/93 filed 02/23/93 filed 02/25/93 filed 02/25/93 filed 03/01193 filed 03/04193 filed 02/04/94 filed 02/04/94 filed 02/08/94 closed 01/04/90 closed 11/16/93 closed 01/05/00 closed 10/31/95 closed 01/05/00 closed 01/05/00 closed 01/05/00 closed 01/05/00 closed 01/05/00 closed 01/05/00 closed 01/05/00 closed 01/05/00 closed 03/10/97 closed 08/19/98 closed 08/02/00 closed 08/02/00 closed 04/30/98 closed 08/02/00 closed 11/30/98 closed 06/26/96 closed 06/28/96 closed 07/15/96 closed 03/18/98 closed 08/02/00 closed 12/10/90 closed 03/06/91 closed 01/05A30 closed 01/05/10 closed 08/19/98 closed 04/28/92 closed 03/24/97 closed 02/21/97 61. Pursuant to Hoffenberg and the Sentencing Opinion, the victims of the TFC Ponzi Scheme include over 200,000 individuals, who are directly or indirectly the Noteholders and Bondholders of TFC, and are entitled to $475,157,340, plus interest, which now totals approximately one billion dollars ($1,000,000,000). 14 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0088598 SDNY GM_00234782 EFTA01386760