Ferrum Capital Trial Set to Begin | Lubbock News

Ferrum Capital founders Joshua Allen and Michael Cox face a high-stakes federal trial in San Antonio, charged with wire fraud, money laundering, and securities fraud — after a judge rejected their motion to dismiss the securities charge. The pre-trial battle raged over admissible evidence, expert credibility, and whether “good faith” could be argued without naming it. Prosecutors sought testimony from over 40 investors, while defense attorneys pushed back on legal standards used before the grand jury and questioned potential bias in key witnesses. The judge sided with prosecutors on core legal tests, denied motions to exclude evidence, and signaled he’d watch for repetitive testimony — setting the stage for a dramatic courtroom showdown. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ebfcbe2db6c2668d