Court Freezes Madoff’s Assets, Appoints Receiver

U.S. District Judge Louis Stanton of the SDNY froze the assets of New York investment adviser Bernard  Madoff and his firm on Friday, and appointed a receiver. The SEC stated Friday evening that Judge Stanton appointed Lee Richards, a lawyer at the New York-based firm Richards Kibbe & Orbe, as receiver for Madoff’s assets.

Read the SEC’s announcement