‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInWyly brothers’ family fights SEC asset freeze in $550 million fraud | Dallas Morning News
The Wyly brothers used gains from secret, illegal, offshore transactions “as their own personal piggybank,” the SEC had said ahead of a Wednesday appeals hearing in New York, where the family sought to lift a judge-imposed freeze on its assets. U.S. District Judge Shira Scheindlin’s order against 16 people, including both men’s wives and 10 […]
How to Undo an SEC Asset Freeze: Write a Check
One way to get out from under an asset freeze: write a check!
SEC Obtains Asset Freezes Within Days of Alleged Insider Trading by Three Swiss Entities
SEC files complaint within days of the alleged insider trading.
Madoff Family Members Agree to Asset Freeze
Madoff family members will have assets frozen pending current litigation.
FOX Business Video: Stanford Lawyer Permitted to Withdraw, Leaving Him With Public Defender
Allen Stanford was back in court today on his attorney’s motion to withdraw as counsel.
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 […]
Step 1: Obtain $2.8 Billion Judgment; Step 2: Seek Asset Freeze
On Friday, attorneys for HealthSouth shareholders asked Alabama Circuit Judge Allwin E. Horn to freeze the assets of former HealthSouth CEO Richard Scrushy, against whom they obtained a massive nearly $2.9 billion judgment last week. One of the attorneys acknowledged that there was no expectation of getting the full judgment from Scrushy, but said that […]
SEC Opposes Stanford’s Motion to Unfreeze $10 Million for Legal Fees
In late April, following the SEC successfully obtaining a Preliminary Injunction freezing his assets, R. Allen Stanford’s moved to modify the Preliminary Injunction Order to permit him access to $10 million of the frozen funds to pay attorneys’ fees. Today the SEC filed an Opposition to that motion, arguing that Stanford is not entitled […]
Appeal of SEC’s Freeze of UK Citizen’s Assets Dismissed by UK Court
The SEC announced on Wednesday that the Supreme Court of Judicature Court of Appeal in the United Kingdom dismissed the appeal of Glenn Manterfield, a UK citizen, of an order by a British court freezing Manterfield’s assets. The High Court of Justice in London had previously issued the order freezing assets held in the United […]