The estate of a man found after his death to have been running a Ponzi scheme is suing eight early investors he paid while he was still alive from funds taken from later investors.
The Derrich (DEH'-rihk) Pollock estate's trustee says the investors need to return about $1.2 million to Pollock's widow and four children.
Pollock died in a 2007 plane crash in Lago Vista, near Lake Travis. The Austin American-Statesman reports that more than two years later, life insurance policies Pollock took out on himself have paid more than $6.5 million to the 90 people who invested with him.
According to 62 lawsuits filed against him by investors after his death, Pollock in 2002 began trading stocks through a business he called System Five.
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