CANADA Canada - Billionaire Couple Barry & Honey Sherman Murdered at Home, Toronto, 15 Dec 2017 #24

[ldlager]

If there are only the two equal beneficiaries and there are no other expenses or debts, Heir A would receive $1,050K and Heir 2 would receive $950K for total disbursement of the $2M.

Not if the estate is actually $2.3 million, consisting of $2 million in cash plus $300k in loans receivable.

 

[ldlager]

Whatever happened, I think money was the motive here. It was either someone in the family or someone known to them like a business associate. They knew the perpetrator.

Exactly why I asked about JD’s loans

 

[FromGermany1]

I think it’s worth mentioning that with most crimes, even if there is a motive (money, power, sexual assault), there are bound to be cases where the killer doesn’t get what they want for whatever reason, and therefore the motive becomes obscured to those on the outside looking in to the crime. So yes, even if there’s no ‘red flagged’ transactions, it could still be money related.

It could even be a revenge type situation on a property or land deal that the rival purchaser/perpetrator felt slighted by. But that seems less likely to me. Stranger or smaller things have been motives for harm though. Never under estimate a petty bitter individual.

bbm
MOO, a lot of bitterness had accumulated in BS ....

 

[fadedglitter]

Exactly why I asked about JD’s loans

Can you point me toward any information about these loans? I don’t recall any references to them at all. He was compensated for his work at Apotex and told police he wasn’t involved in Sherfam or Barry’s investments.

 

[CaliforniaScheminPod]

Whatever happened, I think money was the motive here. It was either someone in the family or someone known to them like a business associate. They knew the perpetrator.

ABSOLUTELY. There was literally no other reason at this point (unless Barry Sherman was a Mossad secret agent and knew something very dangerous but I think that's pretty unlikely.

 

[fadedglitter]

ABSOLUTELY. There was literally no other reason at this point (unless Barry Sherman was a Mossad secret agent and knew something very dangerous but I think that's pretty unlikely.

Barry likely knew many things that were very dangerous. He had a long history with known fraudsters and criminals.

 

[MerlinFalcon]

There is a new article in the star today but it’s paywalled. It appears to say that the detective has no ideas and is playing blind in the investigation.

 

[MerlinFalcon]

Exactly why I asked about JD’s loans

Who is JD?

 

[fadedglitter]

The new article in the Star, like the last one, is literally nothing we did not already know. Not worth paying to read.

 

[Warwick1991]

Barry likely knew many things that were very dangerous. He had a long history with known fraudsters and criminals.

Having read Donovan's book, I don't recall any long history with fraudsters and criminals.... Barry often sued people and was involved in conflicts over many issues, but I have not seen anything to suggest he had criminal associates.

 

[dotr]

Oct 28 2025

‘I’m playing blind’ on who killed Barry and Honey Sherman, lead Toronto police detective admits

It has been nearly eight years since Apotex billionaires Barry and Honey Sherman were found murdered inside their Toronto home.

www.thestar.com

'The homicide detective working the Barry and Honey Sherman case says that after almost eight years, he still has no idea where he is in the probe.
“I’m playing blind,” Det. Const. Dennis Yim told a court, using a sports analogy. “I don’t know where I am on the field.”
Yim was answering questions in a case where the Star is seeking access to police documents filed in support of search warrants. Yim explained that police have yet to clear any of the myriad “persons of interest” in the case.'

'Asked by a Star reporter if it was true that police have a “suspect” — but can’t prove it, Yim told the court: “I can’t comment on that.”

 

[dotr]

Having read Donovan's book, I don't recall any long history with fraudsters and criminals.... Barry often sued people and was involved in conflicts over many issues, but I have not seen anything to suggest he had criminal associates.

They were not exactly 'associates' or dangerous criminals, but...
By Anne Kingston April 5, 2018 rbbm.

Endless court battles, angry relatives and shady players: the truth about Barry Sherman

Barry and Honey Sherman were revered for their generosity but the ongoing investigation into their murders has cast a harsh spotlight on his life.

macleans.ca

''In the summer of 1988, Barry Sherman received an urgent phone call—from a prison in Oregon. On the other end was a familiar voice: that of Harvey Rubenstein, a notorious Toronto stockbroker convicted of fraud on both sides of the border. Though Rubenstein’s financial scams garnered plenty of headlines, few people had any idea his victims included the founder of Canadian generic drug giant Apotex Inc. Mere weeks before taking that call, Sherman had launched a lawsuit against Rubenstein, his former investment adviser, claiming he’d been duped out of millions.

Now the disgraced broker, recently extradited to the United States to face another slew of fraud charges, was asking for even more of Sherman’s money: US$100,000 so he could post bail. He told Sherman if he weren’t behind bars, he could focus his efforts on recovering his lost money. Sherman agreed. “I couldn’t see any benefit, from my viewpoint, of having him languish in jail,” Sherman later testified in a sworn deposition.''

''A hard-nosed strategic genius who built Canada’s largest pharmaceutical company, Sherman also conducted business with known criminals.''

 

[fadedglitter]

Having read Donovan's book, I don't recall any long history with fraudsters and criminals.... Barry often sued people and was involved in conflicts over many issues, but I have not seen anything to suggest he had criminal associates.

There is an entire chapter in that book called Risky Business detailing Barry’s highly questionable investments. It’s too long to quote extensively so I’ll leave it at:

Is there a clue to the murders somewhere in Barry Sherman’s business deals? “Follow the money” is something that many people with an interest in the Sherman case have said. Jack Kay says it. Frank D’Angelo says it. The quote comes from the Watergate movie All the President’s Men, and it is attributed, incorrectly, to the government source Deep Throat, who never actually said it in real life to reporter Bob Woodward. But the concept—follow financial transactions to solve a case—is a good one. But without the search warrant powers of the police, it is difficult to do. Sherman’s financial history, holdings, and the estate he left behind are kept secret by court order.

 

[Kittybunny]

Oct 28 2025

‘I’m playing blind’ on who killed Barry and Honey Sherman, lead Toronto police detective admits

It has been nearly eight years since Apotex billionaires Barry and Honey Sherman were found murdered inside their Toronto home.

www.thestar.com

'The homicide detective working the Barry and Honey Sherman case says that after almost eight years, he still has no idea where he is in the probe.
“I’m playing blind,” Det. Const. Dennis Yim told a court, using a sports analogy. “I don’t know where I am on the field.”
Yim was answering questions in a case where the Star is seeking access to police documents filed in support of search warrants. Yim explained that police have yet to clear any of the myriad “persons of interest” in the case.'

'Asked by a Star reporter if it was true that police have a “suspect” — but can’t prove it, Yim told the court: “I can’t comment on that.”

Wow. Eight years in and Yim doesn’t know where he is on the field? That certainly doesn’t inspire any confidence that this will ever get solved. Not that I had much before, but it’s pretty much gone now.

I have my very strong theory and suspect, but am more convinced than ever that they will never pay for their crime, at least not in this life.

 

[ldlager]

Can you point me toward any information about these loans? I don’t recall any references to them at all. He was compensated for his work at Apotex and told police he wasn’t involved in Sherfam or Barry’s investments.

He had a mortgage loan from BS on his house, for several million dollars. I don’t have any reference handy, it’s somewhere in all the stuff discussed over the last 7.5 years. The info sourcing wizards on this thread (Dotr/Lexi ) may have some details close at hand.

 

[ldlager]

There is a new article in the star today but it’s paywalled. It appears to say that the detective has no ideas and is playing blind in the investigation.

Yes that pretty well sums it up. Plus the detective refuses to say if they have a suspect

 

[ldlager]

Who is JD?

Jeremy Desai, the President and CEO of Apotex.
For months after the discovery of the body, Apotex hired private security firms to protect a number of the most senior Apotex executives. They were protected 24/7 for many months after the murders, using some of the best security resources in the world. Surely this security was very expensive. At that time, it wasn’t known if the killings related to Apotex, and whether these executives’ lives were in danger. Sherman family members also had protection.

In view of the significant cost of this security, and the unknown level of threat to senior Apotex executives, I have always found it curious that Apotex President CEO, JD, resigned from Apotex in late January, only about 40 days after the murders. He forfeited all Apotex security protection when he resigned. Did he somehow know he wasn’t in any danger? If so, how? MOO

 

[dotr]

Can you point me toward any information about these loans? I don’t recall any references to them at all. He was compensated for his work at Apotex and told police he wasn’t involved in Sherfam or Barry’s investments.

By Michael Friscolanti 2018

https://macleans.ca/news/former-ceo-of-barry-shermans-drug-company-fights-back-in-pillow-talk-spy-suit/

''Born in England, Desai joined Apotex in 2003, serving as global head of R&D, then as chief operating officer, before Sherman selected him in August 2014 to take over as president and CEO. The two men clearly enjoyed a close relationship. In fact, it was Sherman who personally provided a $3.15-million mortgage—at zero interest, with no payment schedule—for the upscale Toronto home that Desai and his wife, Kalpna, purchased when they first moved to Canada. When the Shermans were killed, the full mortgage remained outstanding.''

Apotex CEO quits, former boss takes over, as drug maker reels from founder’s death

Dr. Jeremy Desai ‘resigned to pursue other opportunities.’ Jack Kay, co-founder and vice-chairman of Apotex, will return to the CEO role.

www.theglobeandmail.com

'Jan 26, 2018 — When the Desais moved to Toronto, Mr. Sherman personally lent the couple $3.15-million for their mortgage and is named as the chargee on the ...''

 

[fadedglitter]

Fascinating. I’d missed the significance of that news story; thanks for sharing.

This is now speculation: it’s possible that Jeremy was among those who were asked to get traditional mortgages to float the money back temporarily to cover the AstraZenica judgment. It seems rather gauche to ask that of an employee, but it’s possible.

Jeremy was not supported by others at Apotex and the affair with its “pillow talk” lawsuit was the last straw. He told police that with Barry gone, he had lost his protection at the company.

EDITED TO ADD: if this is in the ITOs it is in the redacted section of Jeremy’s statement summary, making it potentially very significant. The redactions are on information that would tend to indicate the direction of the police investigation.

 

[ldlager]

By Michael Friscolanti 2018

https://macleans.ca/news/former-ceo-of-barry-shermans-drug-company-fights-back-in-pillow-talk-spy-suit/

''Born in England, Desai joined Apotex in 2003, serving as global head of R&D, then as chief operating officer, before Sherman selected him in August 2014 to take over as president and CEO. The two men clearly enjoyed a close relationship. In fact, it was Sherman who personally provided a $3.15-million mortgage—at zero interest, with no payment schedule—for the upscale Toronto home that Desai and his wife, Kalpna, purchased when they first moved to Canada. When the Shermans were killed, the full mortgage remained outstanding.''

Apotex CEO quits, former boss takes over, as drug maker reels from founder’s death

Dr. Jeremy Desai ‘resigned to pursue other opportunities.’ Jack Kay, co-founder and vice-chairman of Apotex, will return to the CEO role.

www.theglobeandmail.com

'Jan 26, 2018 — When the Desais moved to Toronto, Mr. Sherman personally lent the couple $3.15-million for their mortgage and is named as the chargee on the ...''

Thanks Dotr, you are the best!