Lamesa Man Pleads Guilty to Stealing Millions of Dollars

Staff Report
NewsWest 9

A Lamesa man has pleaded guilty to stealing millions from investors in a ponzi scheme.

43 year-old Rod Stringer is now looking at 10 years in federal prison for running the scheme from 2001 to this year and collecting 14 million dollars.

Officials say about half the money has been returned to the victims.

Stringer could also face a fine and have to pay the rest of the money back.