Judah still not facing criminal charges - KCBD NewsChannel 11 Lubbock

5/19/09

Judah still not facing criminal charges

Posted:

LUBBOCK, TX (KCBD) - The man accused by federal officials of investor fraud does not face criminal charges. 

The Securities and Exchange Commission says Benny Judah sold fraudulent certificates to more than 200 people mostly in Lubbock, and up to 40 million dollars is at risk. 

The last time Lubbock had a case this big was Jonathan "Jody" Nelson. He was accused of stealing almost $80 million dollars from a publicly traded company in late 2005. In that case, criminal charges followed the SEC allegations by only one day. By comparison, we are 29 days past the SEC allegations in the Judah case.

Federal officials refuse to tell us why. A spokesperson for the U.S. Department of Justice tells NewsChannel 11 that prosecutors cannot confirm or deny that any charges will be filed.

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