Asset Freeze Continues Against Embattled Financier

Law360, New York (July 15, 2009, 12:00 AM EDT) -- Florida financier William L. Gunlicks has lost yet another attempt to access his assets, which were frozen as part of the U.S. Securities and Exchange Commission's $550 million fraud case against him and his company, Founding Partners Capital Management Co.

Judge John E. Steele of the U.S. District Court for the Middle District of Florida originally froze Gunlicks' assets on April 20, the same day the suit was filed, and on May 7 he denied Gunlicks' first motion to modify the asset freeze order.

Gunlicks, who...
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