June 28, 2012
A federal judge on Thursday approved a settlement that would provide investors in the WexTrust Capital LLC real estate Ponzi scheme — for which two men went to prison — with $7 million from Wextrust's former law firm Much Shelist PC, after rejecting a deal last year.
August 24, 2011
A New York federal judge rejected a settlement Wednesday that would have allowed the receiver recovering money for victims of WexTrust Capital LLC's Ponzi scheme to seek $13 million from insurers for WexTrust's former firm, Much Shelist Denenberg Ament & Rubenstein PC.
August 03, 2011
A New York federal judge expressed serious concerns Wednesday about whether it was fair to investors swindled by the founders of WexTrust Capital LLC to let a high-priced law firm represent the receiver recovering money for the Ponzi scheme victims.
July 28, 2011
The receiver recovering funds from WexTrust Capital LLC for a $255 million Ponzi scheme that led to prison terms for company executives sued two insurers Tuesday in New York, demanding they fund a $13 million malpractice settlement reached with WexTrust's law firm.
May 09, 2011
The receiver in the government's New York suit against WexTrust Capital LLC over an alleged Ponzi scheme said Friday it will settle with the company's former law firm, Much Shelist Denenberg Ament & Rubenstein PC, for $13 million.
February 11, 2011
WexTrust Capital LLC co-founder Steven Byers, who pled guilty in April to bilking hundreds of Orthodox Jews out of $250 million, has agreed to surrender all remaining profits from the fraud to the U.S. Securities and Exchange Commission.