New information released in Benny Judah ponzi scheme - KCBD NewsChannel 11 Lubbock

8/13/10

New information released in Benny Judah ponzi scheme

LUBBOCK, TX (KCBD) - New information about the Benny Judah ponzi scheme has been revealed in court records. Judah is currently serving prison time; accused of tricking roughly 250 Lubbock area investors.

Of the $40 million or more he took from investors, there is about $2 million or more to pay them back, so most of their money is gone.

Most of the investors have agreed with a plan to pay back what little is left, but 20 investors do not like it.

There is a court hearing on August 30th for those investors.

Copyright 2010 KCBD. All rights reserved.

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