UK: SFO Reveals Asset Freeze on $100 Million of Stanford’s Assets

The UK’s Serious Fraud Office disclosed today that it has frozen $100 million worth of assets linked to Allen Stanford.  The restraining order freezing the assets was requested by the US Department of Justice on more than $100 million “believed to be held at certain London financial institutions,” the Times Online reports.

The SFO said it applied for the order on April 7, and it was granted by HHJ Kramer QC within 5 hours to “preserve[] the assets pending the outcome of criminal proceedings.”

Read the Times Online article