A lawyer in San Antonio asked a judge to stop Lubbock businessman Joshua Allen, Allen Financial Agency and Lubbock-based Landzacha Holdings (owned by Allen) from selling or disposing of “valuable” rights or assets last week.
The judge granted the temporary restraining order with a further court hearing on the matter set for June 12.
Brief background
Allen and Michael Cox are currently under federal indictment for securities fraud and other charges. The two co-founded Ferrum Capital in Lubbock – a company accused of conducting a Ponzi scheme – taking $68 million from 300 or more victims according to court records.
Their San Antonio business affiliate Brooklynn Chandler Willy took a plea deal this year and will be sentenced in September…