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No plea deal and none expected in Ferrum case as Allen seeks delay and prosecutors balk
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No plea deal and none expected in Ferrum case as Allen seeks delay and prosecutors balk
Federal prosecutors are not offering a plea deal to Ferrum Capital co-founders Joshua Allen and Michael Cox – both of Lubbock. And they’re not asking for one either. Allen has also requested to move the trial to a later date, which prosecutors oppose. A judge has not ruled yet, and we’ll come back to that in a bit. The two are under indictment for securities fraud and other charges – accused of using Ferrum to run a Ponzi scheme and take million…
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