Benny Judah will soon be sentenced for Ponzi scheme - KCBD NewsChannel 11 Lubbock

2/5/10

Benny Judah will soon be sentenced for Ponzi scheme

LUBBOCK, TX (KCBD) - A Lubbock businessman who pleaded guilty to a Ponzi scheme involving Lubbock investors will soon be sentenced.

Benny Judah pleaded guilty in November to money laundering and the sale of unregistered securities. Prosecutors say he ran a massive Ponzi scheme during which he bilked nearly 300 investors out of more than $50 million.

Judah will be sentenced on March 5th and faces up to 25 years in prison. He will also pay $48 million in restitution.

©2010 KCBD NewsChannel 11. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

  • Local News on KCBD.comNewsMore>>

  • US flies mission north of DMZ, sends message to North Korea

    US flies mission north of DMZ, sends message to North Korea

    Saturday, September 23 2017 2:46 PM EDT2017-09-23 18:46:38 GMT
    Sunday, September 24 2017 9:48 AM EDT2017-09-24 13:48:36 GMT

    It's a show of American military might to North Korea _ the United States says it flew bombers and fighter escorts to the farthest point north of the Demilitarized Zone by any such American aircraft this century.

    It's a show of American military might to North Korea _ the United States says it flew bombers and fighter escorts to the farthest point north of the Demilitarized Zone by any such American aircraft this century.

  • AP FACT CHECK: Kimmel's take on health care harder to refute

    AP FACT CHECK: Kimmel's take on health care harder to refute

    Friday, September 22 2017 3:25 AM EDT2017-09-22 07:25:42 GMT
    Sunday, September 24 2017 9:38 AM EDT2017-09-24 13:38:02 GMT

    AP FACT CHECK: Considering all the arguments, TV host Jimmy Kimmel's take on the Republican health care bill is harder to refute.

    AP FACT CHECK: Considering all the arguments, TV host Jimmy Kimmel's take on the Republican health care bill is harder to refute.

  • Public shaming likely but GOP wary of new laws after Equifax

    Public shaming likely but GOP wary of new laws after Equifax

    Friday, September 22 2017 3:48 AM EDT2017-09-22 07:48:03 GMT
    Sunday, September 24 2017 9:37 AM EDT2017-09-24 13:37:28 GMT
    Prospects are good for a public shaming in the Equifax data breach, but it's unlikely Congress will institute sweeping new regulations after hackers accessed the personal information of an estimated 143 million...
    Prospects are good for a public shaming in the Equifax data breach, but it's unlikely Congress will institute sweeping new regulations after hackers accessed the personal information of an estimated 143 million Americans.
Powered by Frankly