Money being paid back to Benny Judah victims - KCBD NewsChannel 11 Lubbock

Money being paid back to Benny Judah victims

One million dollars. That's how much a court-appointed receivership trustee will pay victims of a local Ponzi scheme in their next payment.

According to court documents, roughly 250 investors put up more than $35 million dollars with Benny Judah. As more of property is sold off, more money is partially paid back to the victims.

Investors have already been paid $6.3 million. After this next payment they will have gotten 29% of their money back.

Judah was sentenced to 25-years in prison.

Copyright 2011 KCBD. All rights reserved.

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