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Ferrum Capital Trial Set to Begin | Texas News
Ferrum Capital’s Joshua Allen and Michael Cox face trial on August 10th, accused of running a seven-year Ponzi scheme that bilked hundreds of investors—mostly in Lubbock and San Antonio—out of millions. Prosecutors allege they used new investors’ money to pay old ones and line their own pockets. Before the trial, the defendants are aggressively trying to suppress evidence of past misconduct and unrelated crimes, fearing jury bias. The government pushes back, demanding financial records show over $67 million flowing into Ferrum, with significant sums diverted to Collins Asset Group and…
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