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Main Pending Motions Filed by The Trustee


The trustee filed to the court a motion for instructions (claim) against 4 US resident respondents who received funds illegally after the explosion of the fraud case involving the debtor and EGFE corporations. As part of the motion, Mrs. Volynsky was demanded to return 500,000 USD that were illegally smuggled to her from the debtor’s funds and/or EGFE corporations funds at the beginning of May 2021 by the late Larry Greenfield (the debtor’s brother); Mr. Lewis and the fund he owns were demanded, jointly and severally, to return 225,000 USD that were illegally smuggled to them by the debtor from an account in an American bank owned by EGFE USA on May 5, 2021; And Mrs. Susman was demanded to return between 20 and 40 thousand USD that were illegally smuggled out of the debtor’s funds and/or EGFE corporations funds by the late Larry Greenfield (the debtor’s brother). Some of the respondents submitted pleadings on their behalf, and a date was set for a hearing to be held in court on September 19, 2022, regarding Mrs. Volynsky, but the motion has not yet been decided by the court (for all the respondents to the motion).

The trustee filed to the court a motion for instructions (claim) in which the respondents to the motion were demanded to return funds in the total amount of 5,900,000 EUR, according to the following breakdown:
Mr. Pejovic was demanded to pay and return a total of 1,200,000 EUR smuggled to him by the debtor and from the debtor’s bank accounts in Montenegro during the month of May 2021 illegally, which is a clear dissipation of assets and contrary to court orders prohibiting any disposition; Mr. Pejovic was also demanded to pay and return a total amount of 3,500,000 EUR that was transferred to him over the years before the initiating of the insolvency proceedings in a number of transfers by the debtor and/or EGFE Hungary, And Uniprom Hoteli was demanded to return a total of 1,200,000 EUR transferred to it from EGFE Hungary in March 2021. After the application was served to Pejovic [in accordance with the court’s decision in which the trustee was authorized to provide Pejovic and Uniprom Hoteli with a copy of the motion translated into the Montenegrin language], Pejovic submitted to the court a request to cancel the approval for the out-of-borders service and alternatively to determine that the Israeli court is not the appropriate forum. After the trustee filed a response on his behalf to Pejovic’s request, and after the commissioner for insolvency proceedings filed his stand, it was a court hearing was dated to October 19, 2022, for discussing the preliminary questions.


In addition to motion No. 144, the trustee filed to the court a motion for instructions (claim) in which Mr. Pejovic was demanded to return and pay 5,000,000 EUR that were transferred to Pejovic by the debtor and/or through EGFE corporations for 50% of the shares of Uniprom Metali. The request was legally served to Pejovic [in accordance with the court’s decision in which the trustee was authorized to provide Pejovic with a copy of the motion translated into the Montenegrin language], but no response has yet been submitted on Pejovic’s behalf and the motion has not yet been decided.


The trustee filed to the court a motion for instructions (claim) in which Mr. Marijan Primorac (citizen and resident of Croatia) was demanded to return and pay 400,000 EUR which were transferred to him from the EGFE Hungary as part of a loan agreement whose repayment date has passed, plus the interest agreed upon in the said loan agreement at the rate of 1 %, plus linkage differences and interest from the repayment date onwards. The request was legally served to Primorac [in accordance with the court decision in which the trustee was authorized to provide Primorac with a copy of the motion translated into Croatian], but no response has yet been submitted on behalf of Primorac and the request has not yet been decided.


The trustee filed to the court a motion for instructions (claim) in which Zlatan Halilović, the debtor’s business partner, Zlatan’s brother, as well as 2 Serbian companies controlled by the Halilović family, were demanded to pay and/or return fund according to the following breakdown: Zlatan was demanded to pay and/or return a total amount of 580,000 EUR that was transferred to him from the debtor through several loan agreements, as well as a total of 1,000,000 EUR for the shares that the debtor grant him in CEI and MMM without consideration; Zarko was demanded to pay and/or return 60,000 EUR and 100,000 USD which were transferred to him from the bank accounts of EGFE Hungary; Oxyhealth was demanded to pay and/or return a total of 500,000 EUR and a total of 116,851 USD which were transferred to it from the bank accounts of EGFE Hungary; East West was demanded to pay and/or return to 500,000 EUR that were transferred to it from the bank accounts of EGFE Hungary. The request was served to Zlatan, Zarko and to the 2 Serbian companies legally [in accordance with the court’s decision in which the trustee was authorized to provide them with a copy of the motion translated into the Serbian language], but no response has yet been submitted on behalf of any of the respondents and the motion has not yet been decided.


The trustee filed to the court a motion for instructions (claim) in which Mrs. Vered Ben Ari (the debtor’s divorcee) was demanded to return funds in the amount of 58,900 USD that were transferred to her from EGFE Hungary after the explosion of the fraud involving the debtor and EGFE corporations.


The trustee filed to the court a motion for instructions (claim) in which Mrs. Vered Ben Ari (the debtor’s divorcee) was demanded to return funds and assets, according to the following breakdown:

Mrs. Ben Ari was demanded to pay a total of 14,613,074.41 NIS that was transferred to her by EGFE Israel and/or by the debtor over the years, starting from September 2008 onwards, and which originated from fictitious profits and funds stolen as part of the Ponzi scheme run by the debtor.

In addition, Mrs. Ben Ari was demanded to pay a total of 7,727,449.99 NIS that was transferred to her from the debtor and/or EGFE Israel as part of the divorce agreement with the debtor and its amendments, due to the fact that they were fictitious and illegal agreements, in the framework of which the debtor smuggled to Mrs. Ben Ari funds and assets derived from the Ponzi fraud funds, While the debtor and EGFE Israel were insolvent.

The trustee also demanded to state and declare that rights in the apartment in Herzliya Marina registered under the name of Mrs. Ben Ari belong to EGFE Israel and to the creditors’ pool, since it is the property of the debtor and EGFE Israel, which was bought with the funds of the Ponzi scheme and that there are “badges of fraud” regarding it, and as a result ordering on the registration of the ownership rights in the apartment in the marina under the name of the trustee (namely, to transfer it to the creditors’ pool).

With regard to the duplex apartment in the Savyoney Ramat Aviv neighborhood, which is now registered as 50/50 ownership under the name of the debtor and Mrs. Ben Ari, the trustee demanded to state and declare that the debtor’s and/or EGFE Israel’s share of the ownership rights is 5/6 of the rights in the duplex, while the share of Mrs. Ben Ari owns are 1/6 of the rights in the duplex, and this is in accordance with the relative share of Mrs. Ben Ari in the equity capital invested in the purchase of the duplex, after neutralizing the mortgage amounts that were repaid from the Ponzi funds.

Simultaneously with the abovementioned motion, the trustee filed a motion for a disposition prohibition order, as a temporary remedy within the framework of the main motion, which prohibits Mrs. Ben Ari from taking any action with her assets and property, including rights in the real estate assets, deposits, securities, vehicles, and any movable property in her possession, including the those in the duplex apartment where she lives, until a final decision on the main motion.

In accordance with the motion, the court ruled that a temporary disposition prohibition order was granted as requested which will remain in effect until a different decision is made, which will apply to all of Mrs. Ben Ari’s assets with the exception of checking accounts.


The trustee filed to the court a motion for instructions (claim) in which Ms. Nofar Ben Ari (the debtor’s daughter) was demanded to return funds in the amount of 30,000 NIS that were transferred to her after the fraud case broke out, since the said transfer is invalid and prohibited action that detracts asset from the creditors’ pool. The request has not yet been decided.


The trustee filed to the court a motion for instructions (claim) in which Mr. Arbiv was demanded to return funds in the amount of 700,000 NIS that were transferred to him on March 2021 in accordance with a loan agreement signed between EGFE Israel and Mr. Arbiv. After pleadings and affidavits were submitted on behalf of the parties, a hearing was scheduled to take place in court on November 8, 2022.


The trustee filed to the court a motion for instructions (claim) in which, among the other respondents [the debtor’s mother Alice Greenfield and another brother of the debtor, Johnny Greenfield, for whom compromises were approved by the court], that the late Mr. Larry Greenfield (the debtor’s brother, US citizen and resident) was demanded to return a total of 788,000 USD held by him for the debtor and/or EGFE corporations and/or smuggled by him to third parties. After the application was submitted Larry had passed away, and subsequently, the trustee filed a motion for substitution of litigants, in which the court was asked to add the late Larry’s daughter, Ms. Tia Greenfield (US citizen and resident), as a substitutional litigant instead of the late Larry, since his daughter is his sole heir. The court approved this motion, and accordingly the trustee legally served the motion to Tia. Tia has not yet submitted her response to the motion, and the motion has not yet been decided.

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