Lamesa man sentenced to ten years - KCBD NewsChannel 11 Lubbock

10/2/09

Lamesa man sentenced to ten years

LUBBOCK, TX (KCBD) - A Lamesa man who admitted to defrauding area investors out of millions of dollars will spend the next decade behind bars.

Rod Stringer pleaded guilty to running a ponzi scheme back in July. Friday morning, his sentence was handed down in Lubbock Federal Court. Stringer must now pay more than 7-million-dollars in restitution. Along with jail time, Stringer will be subject to drug and alcohol rehabilitation.

©2009 KCBD NewsChannel 11. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

KcbdToGo.com For Your Cell Phone

Get the latest news, weather, sports and more on your mobile phone or PDA with KCBDToGo.com.

 

 

Powered by Frankly