Lubbock Ponzi Scheme Convictions | Lubbock News

Two Lubbock men, Joshua Allen and Michael Cox, were just convicted on multiple federal charges for running a multi-million-dollar Ponzi scheme through four investment firms, using new investors’ money to pay old ones while pocketing commissions — all while leveraging their reputation and faith to gain trust. Their associate, Brooklynn Chandler Willy, already pleaded guilty. Both are now in custody awaiting sentencing, as law enforcement vows to hold accountable those who prey on trusting community members. 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/972e8565f12714e8