A judge froze the assets of Bernard Madoff's two sons and five executives who ran hedge fund portfolios that funneled money into his "managed accounts".

The order by Connecticut Superior Court Judge Arthur Hiller, made public Tuesday, March 31, prohibits them from selling homes or moving money, and marks the first time their assets have been frozen.

On Monday, Mr. Hiller ruled that Mr. Madoff's sons, the last immediate family members whose assets had not yet been frozen, could have limited access to their money.

The order, effective until April 13, also covers the assets of hedge fund executives Walter Noel and Jeffrey Tucker, who together founded Fairfield Greenwich; Andres Piedrahita, a managing director at Fairfield Greenwich; Sandra Manzke, who ran Maxam Capital; and Robert Schulman, who once ran Tremont Group Holdings.

Maxam, an investment adviser based in Darien, Conn., was one of many funds that invested with Mr. Madoff. Tremont's Rye Investment Management unit lost roughly $3 billion, virtually all of its assets to Mr. Madoff.

A hearing will be held on April 13, when Mr. Hiller's ruling might be extended, according to Mr. Golub, the lawyer representing the town of Fairfield.

The order will allow the individuals to meet their living expenses. However, they cannot sell their homes or move their money around, Mr. Golub said.