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Andrejic & Partners Assists Michael David Greenfield's Insolvency Trustee in EGFE Hungary Takeover

Andrejic & Partners Assists Michael David Greenfield's Insolvency Trustee in EGFE Hungary Takeover

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Andrejic & Partners has assisted Israel-based attorney Lior Dagan as the insolvency trustee appointed to Michael David Greenfield in the takeover process of EGFE Hungary.

According to Andrejic & Partners, “Michael David Greenfield, aka Michael Ben-Ari, has been suspected of the largest Ponzi scheme ever in Israel, with over USD 150 million in investor damages. The countries that he allegedly funneled money to included the USA, Hungary, Serbia, Montenegro, and many others. The case is still ongoing, albeit the EGFE Hungary takeover process has been completed.”

According to Seiden Legal, which represents court-appointed trustee Lior Dagan in the US, Greenfield is accused of defrauding hundreds of people in a 15-year-long scheme.

Andrejic & Partners' team included Partner Aleksandar Andrejic and Associate Sofija Stefanovic.

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