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Towers Financial Corporation — latest news, discussion & facts — IJR

Towers Financial Corporation

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Towers Financial Corporation

debt collection agency later discovered to be a Ponzi scheme

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About Towers Financial Corporation

Towers Financial Corporation was a debt collection agency based in Manhattan in New York City. Between 1988 and 1993, Towers Financial ran a Ponzi scheme that was the largest financial fraud in American history prior to Bernie Madoff's being uncovered.

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Country: United States
Headquarters: New York City
Inception: 1970

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