Carl and David Ames were served the notice, which stops them from taking assets of up to £1.1m from outside the country, on 14 May at their Essex home, according to local media reports.
The freezing injunction a copy of which has been seen by International Adviser said: “Until the return date or further order of the court the Respondent must not –
(1) Remove from England and Wales any of his assets which are in England and Wales up to the value of £1,100,000; or
(2) in any way dispose of, deal with or diminish the value of any of his assets whether they are in or outside England and Wales up to the same value.”
The order goes on to stipulate that its prohibition includes the couple’s home in Wickford Essex.
The court order follows months of upheaval for investors in the fund, which last month drew the attention of the BBC’s Moneybox programme.
Also last month, it was revealed that Harlequin Management Services, the owner of the Harlequin Property Fund, had filed for administration.