From Deseret News archives:
Tales of Hofmann: Forgeries, deceit continue to intrigue 20 years later
Hofmann's deals were one big Ponzi scheme, says former Salt Lake City police detective Ken Farnsworth. Hofmann would promise investors a 30 percent or 50 percent or 100 percent return on their investments in rare documents, would take their money to repay earlier investors, then would look for still newer investors to pay off the others. At the same time, Hofmann was getting loans from local businessmen using real, rare books from his personal collection as collateral. And his checks were bouncing all over town.
Farnsworth, who investigated the Christensen and Sheets homicides, remembers that investigators kept a running tally of Hofmann's debts as the case became clearer in the winter of 1986. "We made this thermometer, much like one of those charity benefit thermometers" that show a steadily rising "mercury" of dollars, Farnsworth recalls.
"When you put together this whole morass of bad deals he had going on, he was in a box he couldn't get out of," he said. "It would have taken a whole year of forgery to get out of it."
In addition, Hofmann knew that Massachusetts autograph expert Kenneth Rendell was planning a trip to Salt Lake City in late October. Hofmann knew that Rendell would be visiting Christensen, who was thinking of buying a piece of Egyptian papyrus Hofmann said was from the McLellin collection but which, in fact, Hofmann had bought from Rendell earlier in the summer.
However, according to George Throckmorton, the Salt Lake City forensic examiner who helped pin down the Hofmann forgeries, Hofmann's real motivation for the Christensen murder was not the McLellin collection nor Rendell but a separate transaction.
"I'll tell you, it has something to do with an old farmer in Idaho," he said cryptically, perhaps referring to Sidney Jensen, investor Thomas Wilding's brother-in-law.
Throckmorton, head of the Salt Lake City Police Department's crime lab, is spearheading this weekend's "The Hands of Hofmann, Motive for Murder" symposium. He has also just finished writing a book that will detail his findings.
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