CFTC Wins $7M Freeze On Fraudster's Ex's Assets

Law360, New York (August 10, 2009, 8:02 PM EDT) -- The U.S. Commodity Futures Trading Commission announced Monday that it had obtained a preliminary injunction freezing $7.6 million in assets belonging to the ex-wife of New York investor Stephen Walsh, accused of misusing at least $553 million in commodity pool clients’ money.

U.S. District Judge George B. Daniels of the Southern District of New York granted the injunction, which freezes most major accounts belonging to Walsh's ex-wife, Janet Schaberg, on Aug. 4.

It modifies the freeze the CFTC put in place in February over all of...
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