Significant developments will come next month in Hudgins Ponzi Scheme case - KTRE.com | Lufkin and Nacogdoches, Texas

Significant developments will come next month in Hudgins Ponzi Scheme case

NACOGDOCHES, TX (KTRE) - Next month will bring significant developments in the Ponzi Scheme case of Nacogdoches businessman George Hudgins. Hudgins will have his day in court on March 13th in Beaumont's federal court. He's already pleaded guilty to the federal charges of felony money laundering, embezzlement and mail fraud charges at a plea bargain hearing. Also next month, investors will start getting some of their money back. More than $70-million was embezzled. Just over $25 million has been recovered through the sale of assets.
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