2021
Seiden Law Group is appointed as US counsel by Israeli Trustee to recover the stolen monies of Michael David Greenfield (AKA Michael Ben-Ari), the man deemed “the Israeli Madoff” in the Israeli press.
Seiden Law Group Appointed By Israeli Trustee To Recover Stolen Funds From the “Israeli Madoff”
August 5, 2021
Seiden Law Group LLP has been appointed as US counsel to Trustee Adv. Lior Dagan, the court-appointed Trustee in an Israeli insolvency proceeding against Michael Ben-Ari aka Michael David Greenfield (“Greenfield”). Mr. Dagan was appointed by the Israeli courts to lead the global efforts to recover the monies allegedly stolen by Greenfield. Greenfield, who has recently been dubbed by Israeli media as “the Israeli Madoff,” is under criminal investigation by the Israeli Securities Authority following an alleged 15-year long Ponzi scheme in which Greenfield, through his investment vehicle EGFE Israel Ltd., ensnared hundreds of American and Israeli victims and caused losses that may exceed $150 million.
As counsel to Mr. Dagan, Seiden Law Group has filed a Chapter 15 case in US Bankruptcy Court in Manhattan, seeking recognition of the Israeli insolvency proceeding in the US. According to the Chapter 15 filing, Greenfield moved to Israel from the U.S. thirty years ago and began to solicit investment money in Israel from investors in a “guaranteed” return investment scheme. The Chapter 15 filing explains that after being released under house arrest in Israel, Greenfield immediately absconded, reportedly using a false passport, and has concealed his current whereabouts. The case has been referred to the FBI’s New York office.
On August 6, 2021, Bankruptcy Judge Hon. Shelley Chapman granted a powerful court order granting broad powers to Mr. Dagan, to recover assets in the United States that are identified as fruits of the alleged criminal enterprise. Seiden Law Group now moves forward with Mr. Dagan to identify and recover stolen funds, using the full powers provided by the U.S. courts.
Seiden Law Group team helps bring global fraudster to justice in a massive half-billion dollar scam that spans Europe, Hong Kong and New York.
BY SEIDEN LAW GROUP | NEW YORK, NEW YORK
July 2021
Seiden Law Group represents the Libra Group Inc., a U.S.-based conglomerate conducting international business in over 35 countries, worldwide. Seiden Law Group has been leading the Libra Group’s efforts in seeking justice against a former employee that swindled half a billion dollars from the company. The massive scam has spanned Europe, Hong Kong and New York, being brought in multiple courts around the world. The case has been reported on by Business Insurance in the U.S. and Greek Reporter in Greece.
Seiden Law Group’s representation of Plaintiff Henry Liu yields positive outcome
BY SEIDEN LAW GROUP | NEW YORK, NEW YORK
DATE
Hong Liu v. Faraday & Future Inc. et al. (Case number 2:20-cv-08035 in US District Court for the Central District of California)
Seiden Law Group LLP is pleased to announce a successful outcome in its representation of Henry Liu after a hard-fought litigation. The positive result came within weeks of trial thanks to Seiden Law Group’s tenacious and creative lawyering.
Plaintiff Henry Liu had made claims of breach of contract, violation of the Securities Exchange Act of 1934, wrongful termination and intentional infliction of emotional distress against his former employer, Faraday & Future, an electric vehicle company set to go public via a SPAC merger later this month.
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Seiden Law Group secured settlement for client harmed in COVID PPE fraud, resulting in recovery of nearly all stolen funds
BY SEIDEN LAW GROUP | NEW YORK, NEW YORK
June 2021
Millions of life-saving masks that were intended for Puget Sound Veterans Hospital during the peak of the COVID pandemic in late 2020, never arrived. A Middle Eastern citizen operating via a Canadian and Middle Eastern company settled a claim this week brought by Seiden Law Group LLP on behalf of Oklahoma-based Asset Group Inc. for the alleged theft of millions of dollars. The defendant had taken tens of millions of dollars from Asset Group and a publicly-traded company as part of a multi-jurisdictional PPE fraud. A search of the defendant’s home by law enforcement found a hidden safe with diamonds and hundreds of thousands in cash. The defendant was arrested at the airport as he was attempting to flee Israel in April and charged with fraud, tax offenses, and money laundering. Asset Group and other victims filed claims against the defendant and after months of continued pressure in court and via law enforcement the defendant agreed to settle the claims leading to Asset Group recovering nearly all the money that was stolen.
Seiden Law Group welcomes Jacob K. Jou to the Firm
SEIDEN LAW GROUP WELCOMES JACOB K. JOU TO THE FIRM
Press Release | New York, New York
January 22, 2021
Seiden Law Group LLP is pleased to announce that Jacob K. Jou has joined the Firm as Counsel. Jou joins the Seiden Team from Milbank LLP in the New York Office.
Seiden Law Group LLP adds seasoned commercial litigator Jacob K. Jou from Milbank LLP to its New York office. Jou, a graduate of Harvard Law School and Yale University, joins the globally respected and fast-growing Seiden team as Counsel after 11 years at Milbank where he gained deep experience in complex commercial litigation, regulatory matters, and internal investigations.
Jou will join seasoned litigators at Seiden Law Group to help prosecute their growing and dynamic caseload and build on past successes against banks, hedge funds, insurance companies and notorious international adversaries.
“We are excited to have Jacob join our growing team of some of the most talented lawyers and support staff in America. Jacob’s practice and experience has focused for many years on working with an aggressive team of litigators to creatively prevail in complex commercial disputes. This is our bread and butter and thus he is a natural fit for our firm,” said founding and managing partner Robert Seiden.
“We look forward to integrating Jacob into our rapidly growing practice, which regularly handles complex cross border litigation and international arbitration. Jacob shares the ethos and motivation of our team of creative litigators who think outside the box,” said partner and head of litigation Amiad Kushner.
“Seiden Law Group is a unique law firm that impressed me with its talented people and premier clients. I had many opportunities in the legal community once I decided to move my practice off of a big-firm platform, but none compared to the ground-breaking work and collaborative, positive atmosphere at Seiden. The firm’s client-centered, warrior-like mentality of excellence and integrity is a platform that I expect to thrive in,” said Mr. Jou. “I’m excited to be part of the firm’s mission.”