Ferrum Capital coverage

Court Awards Ferrum Capital Receiver More Than $13 Million Ahead of December Sentencings

Court Awards Ferrum Capital Receiver More Than $13 Million Ahead of December Sentencings

Millions have been recovered so far but will investors ever be made whole?

by Benji Snead October 16, 2026October 16, 2026

Feds say Allen wrong in his motion for new trial on securities fraud, conspiracy

Feds say Allen wrong in his motion for new trial on securities fraud, conspiracy

The right standard was used, and the jury got the right instructions when it convicted Joshua Allen, according to federal prosecutors.

by James Clark September 4, 2026September 4, 2026

Lubbock businessman convicted of fraud requests new trial

Lubbock businessman convicted of fraud requests new trial

Joshua Allen claimed an “error infects the trial” that convicted him and Michael Cox of securities fraud and conspiracy.

by James Clark September 2, 2026September 4, 2026

After recent Allen/Cox convictions where do Ferrum victims now stand on getting back their money?

After recent Allen/Cox convictions where do Ferrum victims now stand on getting back their money?

August 20, 2026August 20, 2026

Officials vow to pursue money for Ferrum victims after Allen, Cox convictions; won’t comment if more indictments coming

Officials vow to pursue money for Ferrum victims after Allen, Cox convictions; won’t comment if more indictments coming

August 19, 2026August 19, 2026

Jury doesn’t take long to convict Allen, Cox on all four federal charges, then judge gives them stern lecture from the bench

Jury doesn’t take long to convict Allen, Cox on all four federal charges, then judge gives them stern lecture from the bench

August 18, 2026August 18, 2026

Breaking news: Allen and Cox found guilty on all four counts in Ferrum Capital case

Breaking news: Allen and Cox found guilty on all four counts in Ferrum Capital case

August 18, 2026August 18, 2026

Allen defense insists Collins Asset Group got the money from Ferrum Capital it was supposed to receive

Allen defense insists Collins Asset Group got the money from Ferrum Capital it was supposed to receive

August 18, 2026August 18, 2026

Cox defense focuses on character: Five supporters praise the man they’ve known for years, doubt he could be dishonest

Cox defense focuses on character: Five supporters praise the man they’ve known for years, doubt he could be dishonest

August 17, 2026August 18, 2026

Ferrum trial witness secretly recorded Allen saying it would take ‘Jesus coming back’ to have problem with investment

Ferrum trial witness secretly recorded Allen saying it would take ‘Jesus coming back’ to have problem with investment

August 14, 2026August 15, 2026

As more witnesses describe frustrations with Ferrum Capital losses, judge says trial now expected to go to jury next week

As more witnesses describe frustrations with Ferrum Capital losses, judge says trial now expected to go to jury next week

August 14, 2026August 15, 2026

Willy’s close friend wore wire for feds after helping her launder money; Thursday she testified in Ferrum Capital case

Willy’s close friend wore wire for feds after helping her launder money; Thursday she testified in Ferrum Capital case

August 13, 2026August 13, 2026

Witnesses in Ferrum Capital trial tell frustrating stories of confusion, anger, huge financial losses

Witnesses in Ferrum Capital trial tell frustrating stories of confusion, anger, huge financial losses

August 12, 2026August 15, 2026

Prosecution shows torrent of documents they say proves Ferrum scheme; defense floats idea Ferrum also fraud victim

Prosecution shows torrent of documents they say proves Ferrum scheme; defense floats idea Ferrum also fraud victim

August 11, 2026August 15, 2026

Opening arguments in Ferrum Capital trial: Was it a ‘big lie’ and ‘money making machine’ or honest endeavor that failed?

Opening arguments in Ferrum Capital trial: Was it a ‘big lie’ and ‘money making machine’ or honest endeavor that failed?

August 10, 2026August 15, 2026

As Allen, Cox watch via Zoom, defense, prosecution battle over motions in pre-trial hearing before trial begins Monday

As Allen, Cox watch via Zoom, defense, prosecution battle over motions in pre-trial hearing before trial begins Monday

August 7, 2026August 15, 2026

More than a year after Joshua Allen, Mike Cox indicted by feds, Ferrum Capital trial begins Monday in San Antonio

More than a year after Joshua Allen, Mike Cox indicted by feds, Ferrum Capital trial begins Monday in San Antonio

August 6, 2026August 15, 2026

Willy sentencing delayed – part of Ferrum Capital criminal case

Willy sentencing delayed – part of Ferrum Capital criminal case

August 3, 2026August 3, 2026

Judge denies Allen’s request to toss federal charges against him, claiming indictment doesn’t give him chance at fair trial

Judge denies Allen’s request to toss federal charges against him, claiming indictment doesn’t give him chance at fair trial

July 30, 2026July 30, 2026

Battle before the courtroom battle: Allen, Cox and federal prosecutors maneuvering on which evidence jury can weigh

Battle before the courtroom battle: Allen, Cox and federal prosecutors maneuvering on which evidence jury can weigh

July 21, 2026July 21, 2026

Judge denies Allen’s request to push back criminal trial set for August 10

Judge denies Allen’s request to push back criminal trial set for August 10

July 2, 2026July 2, 2026

No plea deal and none expected in Ferrum case as Allen seeks delay and prosecutors balk

No plea deal and none expected in Ferrum case as Allen seeks delay and prosecutors balk

June 19, 2026June 19, 2026

Judge approves receiver plan, ordering Joshua Allen to not use other business assets, a step toward possible restitution

Judge approves receiver plan, ordering Joshua Allen to not use other business assets, a step toward possible restitution

June 12, 2026June 12, 2026

Ferrum Capital investors have until September 3 to file a claim — here’s how

Ferrum Capital investors have until September 3 to file a claim — here’s how

June 4, 2026June 5, 2026

Receiver in Ferrum Capital case asks judge to keep Josh Allen from selling assets in effort to reclaim money for victims

Receiver in Ferrum Capital case asks judge to keep Josh Allen from selling assets in effort to reclaim money for victims

June 1, 2026June 12, 2026

Collection efforts against Joshua Allen in Walk-On’s case successfully completed

Collection efforts against Joshua Allen in Walk-On’s case successfully completed

May 15, 2026June 23, 2026

Key Ferrum Capital player: ‘You’re asking me – where’s the rest of the money? I really want to know that. I don’t know.’

Key Ferrum Capital player: ‘You’re asking me – where’s the rest of the money? I really want to know that. I don’t know.’

May 13, 2026May 13, 2026

Ferrum victims may have one place to file claims if judge approves at May 19 court hearing

Ferrum victims may have one place to file claims if judge approves at May 19 court hearing

April 28, 2026April 28, 2026

Ferrum victims may have places to look for recovery assets, says receiver who handled Amarillo Walk-On’s settlement

Ferrum victims may have places to look for recovery assets, says receiver who handled Amarillo Walk-On’s settlement

April 15, 2026April 15, 2026

Allen losing ownership interest in Neufeld companies to pay off Walk-On’s investor lawsuit in $835,000 settlement

Allen losing ownership interest in Neufeld companies to pay off Walk-On’s investor lawsuit in $835,000 settlement

April 13, 2026June 23, 2026

People who made money at start of Ferrum’s ‘Ponzi scheme’ targeted to pay back half or defend themselves in court

People who made money at start of Ferrum’s ‘Ponzi scheme’ targeted to pay back half or defend themselves in court

March 23, 2026March 23, 2026

Ferrum affiliate Willy pleads guilty to ten federal charges in San Antonio – Joshua Allen, Michael Cox still awaiting trial

Ferrum affiliate Willy pleads guilty to ten federal charges in San Antonio – Joshua Allen, Michael Cox still awaiting trial

March 19, 2026March 20, 2026

Feds update charges against Willy in Lubbock-based Ferrum Capital case, could take her assets

Feds update charges against Willy in Lubbock-based Ferrum Capital case, could take her assets

March 4, 2026March 4, 2026

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