Ponzi Scheme Convictions and Recovery Odds | Lubbock News

Two men convicted of running a $67 million Ponzi scheme through Ferrum Capital now face up to 70 years in prison, bringing justice to victims across Lubbock and San Antonio—but the real battle is just beginning: recovering what was stolen. With only $2.9 million recovered so far and efforts focused on “net winners,” victims may get back only fractions of their losses. Legal experts warn cooperation with recovery efforts could mean leniency at sentencing, while victims like Karen Aguilar, forced to unretire after losing everything, wait anxiously for any hope of restitution. The clock is ticking—claims must be filed by September 3rd to have a shot at reclaiming some of what’s been lost. 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/01ca62816345b557