LUBBOCK, Texas (KCBD) – Two Lubbock financial advisors are facing civil suits, accused of talking their investors into a multi-million-dollar Ponzi scheme.
The KCBD Investigates Team has obtained two class action lawsuits originally filed against Joshua Allen, Mike Cox, their company Ferrum Capital, its entities, and others. Cox has since filed for bankruptcy, so he is no longer named in the lawsuits.
Court documents claim Ferrum was designed and created to be a Ponzi scheme…