Advertisement

BANKING

Share
From Times Staff and Wire Reports

Clifford Attorney Decries Freeze on Client’s Assets: An attorney for Clark Clifford says Clifford and his law partner cannot pay routine expenses, doctors’ bills and legal fees because prosecutors froze their assets after indicting them in the BCCI banking scandal. Robert S. Bennett accused Manhattan Dist. Atty. Robert Morgenthau of seeking to destroy Clifford and Robert Altman. Assets normally are frozen in such cases to prevent them from being moved out of the country or transferred to other people. Michael Cherkasky, chief of Morgenthau’s investigation division, scoffed at the notion that the freeze has prevented the men from having enough money for everyday expenses. “It won’t put them out on the street,” he said.

Advertisement