Feb 2021
Many lined up at the ‘Bank of Barry’ Sherman: Inside the $10 billion succession battle | The Star
''One family member who has been completely shut out is Mary Shechtman, Honey’s sister and best friend, who had hoped to play an important role in the Sherman philanthropy. A comment she made following the murders, that Honey promised her a $300 million gift (she told me it was really $500 million but she decided to give the lower figure), upset the four Sherman children. Mary said she believes the real root of the rift was another comment she made — “I am the oldest surviving member of my family, I am too young to be a matriarch.” Regardless, she has no say in the Sherman charities, despite Jonathon’s comment in his eulogy that he wanted “Aunt Mary” to guide the charitable works “in a way that best honours our parents.”
Recently, Mary reflected on what she and the family have lost. “She was the best sister anyone could ever have. Barry was such a wonderful person,” she said. Regarding what has happened to the extended family, Mary said: “They didn’t deserve this.”
''The families of both Barry’s sister and Honey’s sister were also given financial help. For example, according to documents in a lawsuit filed by the son of Honey’s sister Mary Shechtman (he is seeking information on the Shechtman family trust and a court order removing Mary and her husband Allen Shechtman as trustees and replacing them with a corporate trust company), the Shechtman trust owns 17 houses. Insiders say those were purchased with Barry’s assistance over the years.''
Frosty relationship
''Mary has disputed characterizations of her as someone who has lived off her late sister and her husband. She said her parents provided seed money for Barry in the early days and over the years she has worked hard on real-estate projects for the Shermans, earning everything that was paid to her. Recently, in her basement, she discovered an IOU Barry wrote to her mother in the 1970s for monies advanced when he was starting out in business. It is an IOU she has not been able to collect on. So frosty is her relationship with the Sherman children that Jonathon evicted her last fall (he said his father had given her a rent-free unit but the management company he hired insisted that Mary pay rental) from a storage unit his self-storage company owns in Ajax. Mary’s spending habits were mentioned in passing in the police
search warrant-documents released following a Star court challenge. Honey’s assistant was quoted as telling police that while Honey never spent much money on her credit card “it was Mary who spent a lot of money at U.S. Saks and Barry was never to see those bills.”
''One filing in the court action Mary’s son Noah has against his mother and father provides a tiny snapshot of the widespread use of the “Bank of Barry,” or, in this case, the Bank of Honey.''
ETA
2018
Barry and Honey Sherman murders: Inside the lives of the billionaire couple (macleans.ca)
''A year later, Sherman had a run-in with the FBI and the U.S. Food and Drug Administration over a mail-order scheme he ran with his brother-in-law, Allen Shechtman. It involved a Bahamas-based company, Medicine Club, mailing Apotex drugs, including generic Prozac, from Canada to half a million U.S. households without prescription. Medicine Club pleaded guilty to one count of illegal interstate commerce and was fined US$500,000 for selling drugs without approval; it was also forced to pay $339,000 for investigative costs. Authorities had been tipped off by U.S. drug manufacturers, entrenched Sherman foes. (Sherman bankrolled another of his brother-in-law’s ventures, Martin Ross Group Inc., a jewellery company that filed for bankruptcy in 2015, owing $5.2 million to two Sherman-controlled companies.)''