Towers Financial Cuffed Beanie
One size / Baby Pink
$24.99
Product Details & Size Guide
GhostCorp Apparel - resurrecting iconic corporate ghosts.
A familiar cold-weather staple meets an unusual subject from late twentieth-century financial history. Founded in downtown Manhattan in the early 1970s, Towers Financial built its business buying debts that sellers considered worthless. The company later drew national attention for investor fraud allegations and its 1993 bankruptcy. Made for collectors who appreciate documented corporate stories, this history-inspired piece recalls a consequential company chapter without celebrating the misconduct behind it.
Towers Financial Corporation was a debt collection agency founded in downtown Manhattan in the early 1970s and incorporated in Delaware. It bought loans considered worthless by sellers, including debts owed to hospitals, banks, and telephone companies, for about a penny on the dollar. Founder Steven Hoffenberg led the company as CEO, president, and chairman. In 1987, he hired Jeffrey Epstein as a consultant and set him up in offices at the Villard Houses in Manhattan. The company also pursued unsuccessful takeover bids for Pan Am and, in 1988, Emery Air Freight. From 1988 to 1993, Towers Financial raised more than $400 million through bonds and promissory notes, using false financial statements to attract investors. In February 1993, the Securities and Exchange Commission alleged that reported profits concealed substantial losses. The company filed for Chapter 11 bankruptcy protection in March 1993. Hoffenberg later pleaded guilty to criminal charges and was sentenced in 1997. The case became a major financial fraud scandal in the United States.
A familiar cold-weather staple meets an unusual subject from late twentieth-century financial history. Founded in downtown Manhattan in the early 1970s, Towers Financial built its business buying debts that sellers considered worthless. The company later drew national attention for investor fraud allegations and its 1993 bankruptcy. Made for collectors who appreciate documented corporate stories, this history-inspired piece recalls a consequential company chapter without celebrating the misconduct behind it.
Towers Financial Corporation was a debt collection agency founded in downtown Manhattan in the early 1970s and incorporated in Delaware. It bought loans considered worthless by sellers, including debts owed to hospitals, banks, and telephone companies, for about a penny on the dollar. Founder Steven Hoffenberg led the company as CEO, president, and chairman. In 1987, he hired Jeffrey Epstein as a consultant and set him up in offices at the Villard Houses in Manhattan. The company also pursued unsuccessful takeover bids for Pan Am and, in 1988, Emery Air Freight. From 1988 to 1993, Towers Financial raised more than $400 million through bonds and promissory notes, using false financial statements to attract investors. In February 1993, the Securities and Exchange Commission alleged that reported profits concealed substantial losses. The company filed for Chapter 11 bankruptcy protection in March 1993. Hoffenberg later pleaded guilty to criminal charges and was sentenced in 1997. The case became a major financial fraud scandal in the United States.
| One size | |
| Length (Uncuffed), in | 12.00 |
| Length (Cuffed), in | 9.00 |
| Width, in | 8.13 |
| Circumreference, in | 17.25 - 18.50 |
This cuffed beanie carries a lived-in street energy—soft, warm, and quietly bold. The low-profile embroidery sits on the cuff like a personal insignia: a small, slightly distressed logo with a touch of red that reads as both vintage and current. It slips on easily and stays put through commutes, late-night walks, and chilly market runs, adding a subtle graphic edge without shouting.
Wear it with a worn denim jacket, layered knit, or an oversized coat. It works for creatives who like to curate a look that’s casual but considered, for city cyclists who need dependable warmth, or for anyone who favors compact, tactile details. The hypoallergenic acrylic knit keeps things comfortable against the skin while the 12" cuff gives you styling flexibility—fold it high for warmth or roll it low for a slouchier silhouette. This is a small, everyday piece that quietly completes an outfit and ages into its own personality.
Product features
- 100% turbo acrylic knit — warm, durable, and easy-care.
- 12" cuffed design — versatile fit and styling options.
- One size fits most — stretchy, comfortable, and unrestrictive.
- Embroidered decoration — subtle, long-lasting graphic detail.
- Hypoallergenic and compliant — safer for sensitive skin and meets safety standards.
Care instructions
- Use warm water and dish soap and clean spots off your hat. It's not necessary to soak the whole item. For hard to clean spots use a soft bristled brush.
EU representative: HONSON VENTURES LIMITED, gpsr@honsonventures.com, 3, Gnaftis House flat 102, Limassol, Mesa Geitonia, 4003, CY
Product information: Yupoong 1501KC, two year warranty in the EU and Northern Ireland
Warnings, Hazard: For adults
Care instructions: Use warm water and dish soap and clean spots off your hat. It's not necessary to soak the whole item. For hard to clean spots use a soft bristled brush.