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Breaking News: Allen and Cox Found Guilty on All Four Counts in Ferrum Capital Case

Summary
A federal jury convicted Joshua Allen and Michael Cox, both of Lubbock, for all four counts against them – Conspiracy to Commit Wire Fraud, Conspiracy to Commit Money Laundering, Conspiracy to Launder Monetary Instruments, and Securities Fraud on Tuesday. The two Lubbock businessmen went on trial August 10 for a 2025 indictment. After more than a week of testimony, the federal jury in San Antonio started deliberating a bit after noon and another…
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Lubbock Lights broke the news on Tuesday, August 18, 2026.
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