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.

  • Local News on KCBD.comNewsMore>>

  • Teens given no bond, charged with capital murder in kidnapping, death of 6-year-old

    Monday, May 22 2017 3:27 PM EDT2017-05-22 19:27:50 GMT
    Source: WLBTSource: WLBT

    The three suspects arrested for the kidnapping and murder of 6-year-old Kingston Frazier are in court right now. Their court appearance was scheduled for 10 a.m. Monday, May 22. 

    The three suspects arrested for the kidnapping and murder of 6-year-old Kingston Frazier are in court right now. Their court appearance was scheduled for 10 a.m. Monday, May 22. 

  • Letter: Flynn cites 'public frenzy,' invokes 5th Amendment

    Letter: Flynn cites 'public frenzy,' invokes 5th Amendment

    Monday, May 22 2017 3:26 PM EDT2017-05-22 19:26:16 GMT
    Monday, May 22 2017 3:26 PM EDT2017-05-22 19:26:16 GMT

    Members of key congressional committees are pledging a full public airing as to why former FBI director James Comey was ousted amid an intensifying investigation into Russia's interference with the U.S. election.

    Members of key congressional committees are pledging a full public airing as to why former FBI director James Comey was ousted amid an intensifying investigation into Russia's interference with the U.S. election.

  • North Korea says ready to deploy, mass-produce new missile

    North Korea says ready to deploy, mass-produce new missile

    Monday, May 22 2017 3:26 PM EDT2017-05-22 19:26:09 GMT
    Monday, May 22 2017 3:26 PM EDT2017-05-22 19:26:09 GMT

    In what Pyongyang says is its answer to President Donald Trump's policies, North Korea claims it's ready to deploy and start mass producing a new midrange missile.

    In what Pyongyang says is its answer to President Donald Trump's policies, North Korea claims it's ready to deploy and start mass producing a new midrange missile.

Powered by Frankly