Judah's victims disappointed by federal judge ruling - KCBD NewsChannel 11 Lubbock

Judah's victims disappointed by federal judge ruling

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The victims of Benny Judah's Ponzi scheme got some more bad news from a federal judge this week.

A handful of investors from the Lubbock area wrote letters to the federal judge in Judah's case, unhappy that $3 million of accounts receivable were auctioned off for almost nothing.

The sale of Judah's properties are meant to partially pay back those victims.

The judge ruled that a court-appointed recievership trustee got the best price he could.

Judah is currently serving prison time.

His victims are in line to get 26 percent of their money back from the multimillion-dollar scheme.

Copyright 2011 KCBD NewsChannel 11

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