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5 years after a billionaire and his wife were found murdered, their family is offering $35 million to catch their killer

Billionaire couple's deaths
Behind the "suspicious" deaths of Canadian billionaire couple 02:44

Five years after a drug company billionaire and his wife were found dead in their Toronto home, their family says they are now offering $35 million to help solve the grisly murders.

Barry Sherman, who founded generic drugmaker Apotex Inc., and his wife, Honey, were found dead in their mansion on December 15, 2017. The two were hanging by belts from a railing that surrounds their indoor pool and were in a semi-seated position on the pool deck.

With the suspect still at large, the couple's son, Jonathon Sherman, told CBC Toronto that he is adding $25 million to the reward for information that leads to an arrest and conviction. The family had already offered a $10 million reward, so that brings the total reward money to $35 million.

"Closure will not be possible until those responsible for this evil act are brought to justice," Jonathon Sherman said in a statement to CBC Toronto. 

Honey and Barry Sherman CBS News

Last year, police asked for the public's help after releasing video of a suspect in the murders. Toronto Det. Sgt. Brandon Price said the suspect spent "a very suspicious amount of time" in the immediate area of the Sherman home around the time the Sherman's were murdered. 

Price provided the public with security camera footage of a man or woman walking down a sidewalk with a hat who seems to kick up his or her right boot as they take each step. The video does not show the suspect's face. Price estimated the person's height as between 5-foot-6 to 5-foot-9.

Sherman, 75, was known for litigiousness and aggressive business practices as he developed Apotex, which had a global work force of about 11,000. In "Prescription Games," a 2001 book about the industry, he mused that a rival might want to kill him.

Price said they have largely eliminated everyone else picked up on security footage in the area. He said they have a great deal of confidence the suspect is linked to the scene. Police have other videos of the suspect but said the video released is the best footage.

"This individual's actions are highly suspicious," Price said.

The couple was among Canada's most generous philanthropists, and their deaths shocked Canadian high society and the country's Jewish community. They made numerous multimillion-dollar donations to hospitals, schools and charities and had buildings named in their honor. They hosted Prime Minister Justin Trudeau at a Liberal Party fundraiser in 2015.

The day after the bodies were found, some prominent news media outlets quoted unidentified police officials as saying the deaths appeared to be a murder-suicide. That upset the couple's four adult children, who then hired their own team of investigators and a pathologist, who conducted second autopsies on the Shermans.

Police later said publicly they believed the Shermans were murdered.

Friends and family say the couple had been making plans for the future. They had recently listed their home in Toronto for 6.9 million Canadian dollars ($5.3 million) and they were building a new home in the city.

Sherman faced legal action from cousins who said they had been cut out of the company over the years. A judge dismissed the claim just months before the couple was found dead.

"He fought for what he really thought was right and provide generic drugs that made it possible for those that weren't on drug plans to get the drugs that they needed for the ailments that they suffered through," longtime friend Paul Godfrey told CBS News in 2018.

"It's shocking and you know, it just leaves shivers all over you," he said.

One of two bodies is removed from the home of billionaire founder of Canadian pharmaceutical firm Apotex in Toronto
One of two bodies is removed from the home of billionaire founder of Canadian pharmaceutical firm Apotex Inc., Barry Sherman and his wife Honey, who were found dead under circumstances that police described as "suspicious" in Toronto, Ontario, Canada, Dec. 15, 2017. REUTERS

The Associated Press contributed to this report.

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