LUBBOCK, TX (KCBD) - Liquidation is the next step for Benny Judah's house in Lubbock.
Judah pleaded guilty but is still awaiting formal sentencing in a Ponzi scheme. Court records say 300 or more investors, mostly from Lubbock, stand to lose up to $50 million.
A federal court receivership seized control of Judah's assets including his home at 4701 111th Street. The house is worth more than $1 million but right now the highest bid is $850 thousand, which includes furniture.
On Monday, the receiver told NewsChannel 11 that we would not be allowed inside the home to show you. However, if you want to make a bid on the house, you can do so between now and December 21st.
The link to bid on the home click here.
©2009 KCBD NewsChannel 11. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.