As Cox bankruptcy wraps up, focus shifts to use of Fifth Amendment, possibility of criminal charges in Ferrum ‘Ponzi scheme’

Michael Cox (left) and Joshua Allen (right) with court records in the background.

Ed Price represents clients who are tired of hearing two men plead the Fifth Amendment when hundreds of people stand to lose millions of dollars with Lubbock-based Ferrum Capital in what one judge called a Ponzi scheme.

Lubbock attorney Price:

  • Explained why he thinks one of the co-owners in Ferrum has forfeited his right to plead the Fifth Amendment after testifying in another lawsuit tied to Lubbock’s Walk-On’s restaurant.
  • Expects more criminal charges to be filed.
  • Wishes victims got more in Cox’s bankruptcy.
  • Still has new victims coming to him.

Joshua Allen, Ferrum co-owner, testified in person in a deposition Thursday for a San Antonio lawsuit that Price attended by Zoom. The lawsuit is one of many connected to Ferrum…

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