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asset freezing order

India's Enforcement Directorate has frozen assets of a property company and associated individuals worth approximately 4,100,000,000 Rupees (just over GBP40 million /USD55 million) arising from allegations of fraudulent loan applications and subsequent money laundering.

The USA's Securities and Exchange Commission has obtained an asset freeze and other emergency relief in an emergency civil (i.e. not criminal court) enforcement action against Los Angeles-based actor Zachary Horwitz and his company, 1inMM (one in a million) Capital, LLC in connection with an alleged Ponzi scheme that raised over USD690 million. Horwitz and 1inMM allegedly told investors that they were buying film rights, purportedly to resell them to Netflix and HBO; in fact, 1inMM actually had no business relationship with either company.

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