Houston Chronicle – An attorney for the Securities and Exchange Commission sought an emergency court order Monday against a hedge-fund manager who has been selling off parts of his pricey home’s interior despite a freeze on his assets during a securities fraud investigation.
Financial adviser Stanley Kowalewski has apparently held household estate sales that has resulted in “looting of the house of fixtures, light fixtures, doors, kitchen cabinets and other items” worth at least $175,000, plus replacement costs, the SEC attorney said. “These items must be replaced in this high-end home before the receiver can sell it for anything approaching fair market value.”
