Stringer's mom pays the price for his ponzi scheme conviction - KCBD NewsChannel 11 Lubbock

10/4/09

Stringer's mom pays the price for his ponzi scheme conviction

Posted:
Courtesy: Lubbock County Sheriff's Office Courtesy: Lubbock County Sheriff's Office

By James Clark | email

LUBBOCK, TX (KCBD) - Rod Stringer is not the only one paying the price for a Lamesa based, $7-million Ponzi Scheme.  NewsChannel 11 reported Friday that Stringer was sentenced to 10 years in prison and while he is living in prison, his mom will be evicted from her home.

Jennifer Stringer agreed last week to give up possession of a $105,000 house in Dawson County that Rod Stringer purchased for her. She must vacate the house by the end of December. The house will be sold and the money used to pay back Mr. Stringer's former investors. She will not be charged rent and she must make the home available to show to prospective buyers.

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