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The US Securities and Exchange Commission has accused Sir Allen with running a worldwide $8bn Ponzi scheme. A judge at the High Court in London on Monday extended a freezing order covering cash, shares and investments held by SIB in bank accounts at Credit Suisse and HSBC branches in the UK until the end of the month.
In an ABC News interview released on Monday, Sir Allen denied he had been running a Ponzi scheme, saying: ??I would die and go to Hell if it??s a Ponzi scheme. If it was a Ponzi scheme, why are they finding billions and billions of dollars all over the place??
Sir Allen is expected to be indicted by a federal grand jury in the next two weeks.