A federal judge in New Haven, Conn.,...
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A federal judge in New Haven, Conn., authorized an order to freeze the assets of six men charged with racketeering in an alleged phony stock trading scheme. In rejecting the defendants’ request for a stay, Judge Ralph K. Winter of the 2nd U.S. Circuit Court of Appeals left intact a federal district judge’s freeze order. Winter set an Aug. 17 date for a three-judge panel in New York to hear an appeal. Five of the defendants in the racketeering case are top officers of Princeton-Newport, an investment partnership based in Princeton, N.J., and Newport Beach. The sixth is a former bond trader for Drexel Burnham Lambert Inc.
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