A receivership trustee in Lubbock is authorized to confiscate Joshua Allen’s personal property and sell it – except property protected under state law – in a case separate from Ferrum Capital.
The same goes for Allen’s company WTX WO, which used to be the franchisee of the Amarillo location of Walk-On’s Sports Bistreaux before the Walk-On’s corporate office took over the location.
State District Court Judge John Grace in Lubbock ruled against Allen and WTX WO in July for more than $657,000 in a breach of duty lawsuit filed two years ago by Jeffrey Tait Crow and Raiderland Holdings (owned by Chance Britt). Crow and Raiderland claimed Allen and Johnny Qubty removed $3 million from the business causing it to fail. Qubty settled out of court before the case went to trial.
Allen and Ferrum Capital
LubbockLights.com covered Allen and another of his companies, Ferrum Capital, extensively amid criminal charges and lawsuits. Allen, Michael Cox of Lubbock and Brooklyn Chandler Willy of San Antonio face a criminal trial scheduled for next April on charges of conspiracy and securities fraud. A federal indictment against them said they used Ferrum to steal millions of dollars from hundreds of victims…