Latest / San Antonio News Today | 2 Min News | The Daily News Now!
Ponzi Scheme Masters Get Guilty Verdict | San Antonio News
Two former financial advisors, Joshua Allen and Michael Cox, just received guilty verdicts in federal court for orchestrating a massive Ponzi scheme that bilked hundreds of victims out of millions—using their community reputations and faith-based appeals to lure in unsuspecting investors. Alongside Brooklynn Chandler Willy, who already pleaded guilty, they ran four fraudulent investment firms, hiding massive commissions while falsely promising safety. Now facing up to 70 years in prison, this case underscores how deception behind “investment” promises can devastate real people—and how the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.