SEC Freezes Hedge Funder's U.K. Assets In Fraud Suit

Law360, New York (May 20, 2008, 12:00 AM EDT) -- U.K. authorities have agreed to freeze approximately $1 million in assets belonging to a British resident accused of running a fraudulent hedge fund operation based in Boston, the U.S. Securities and Exchange Commission announced Monday.

The High Court of Justice issued an order freezing the assets of Glenn Manterfield until the resolution of the SEC's suit, filed April 12, 2007, which accuses Manterfield of defrauding investors of millions in an ongoing hedge fund operation.

The SEC alleges that Manterfield and his partner, Evan Andersen, cheated more...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.