A lubbock grand jury indicted Benny Lee Judah on tuesday. Judah is charged with running a financial scam that bilked investors out of millions.
Judah's indictment makes him the third South Plains man charged with some sort of high-stakes, white collar crime in the past two years.
In 2007, Jody nelson was charged with corporate financial fraud in Snyder for defrauding investors out of nearly $80 million.
Earlier this year Rod Stringer was charged with running a Ponzi Scheme out of Lamesa worth nearly $45 million.
Judah's fraud totals nearly $30 million.
Local investor Mark Bass says knowledge is the key to avoiding this sort of fraud.
"Everywhere you go there will be people who will be gullible that are unfortunately susceptible. All the more reason why you need to ask good questions and understand what you're doing," Bass said.