Legal fees mounting for seized Judah assets - KCBD NewsChannel 11 Lubbock

3/14/10

Legal fees mounting for seized Judah assets

Posted:
LUBBOCK, TX (KCBD) -

By James Clark | email

LUBBOCK, TX (KCBD) - A federal judge on Friday approved the latest legal fees related to the seizure of Benny Judah's assets. 

Judah is now serving a 20 year prison sentence after pleading guilty to charges related to a Ponzi scheme.  Investors, primarily from the Lubbock area, stand to lose up to $40 million.  The court appointed Receivership Trustee submitted expenses of $258,342 for legal and accounting expenses. 

The Trustee controls Excel Lease Funds; The Falls Tennis & Athletic Center; Las Brisas Restaurants in Lubbock and Amarillo; Zoo-Kini's restaurants in Lubbock, Abilene, and San Angelo; Harrigan's restaurant chain in Lubbock and Odessa; and Moose Magoo's restaurant.   Las Brisas, Harrigan's, and ZooKini's are currently for sale on the Receiver's web site.

(Click here) for more information.

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