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Ferrum Capital Convictions Deepen Fraud Fallout | Texas News
Four more culprits in the Lubbock-based Ferrum Capital Ponzi scheme have been convicted, including Joshua Allen and Michael Cox, who face sentencing in December. The case, involving an alleged $80 million fraud, has already seen victims lose retirement savings, medical care, and futures—all exploited under the guise of faith and community trust. Federal agencies vow to recover every dollar possible, using asset forfeiture and relentless legal pressure. Sentencing for the women already convicted follows just four days later, as authorities remain silent on whether more charges are coming—but…
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