# Ferrum Capital Convictions and Legal Battle | Lubbock News

Page: https://stenobird.com/podcast/lubbock-news-today-2-min-news-the-daily-news-now-7571537/ferrum-capital-convictions-and-legal-battle-lubbock-news
Text version: https://stenobird.com/podcast/lubbock-news-today-2-min-news-the-daily-news-now-7571537/ferrum-capital-convictions-and-legal-battle-lubbock-news.md
Podcast: [Lubbock News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/lubbock-news-today-2-min-news-the-daily-news-now-7571537)
Published: 2026-09-03T02:01:55+00:00
Episode link: https://sources.thednn.ai/972869eb5b66a1d1
Audio file: https://api.fastcast.ai/audio/60e83c35-616e-4435-a54a-0cd6fe45939f.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/lubbock-news-today-2-min-news-the-daily-news-now-7571537/episodes/ferrum-capital-convictions-and-legal-battle-lubbock-news
Duration seconds: 112

## Resource

Two co-founders of Ferrum Capital, Joshua Allen and Michael Cox, face up to 70 years in prison after being convicted of securities fraud — a scheme that stole millions from hundreds of investors, many from Lubbock. Allen’s defense is now arguing a critical jury instruction error undermines the entire case, demanding a new trial. The judge has already ordered asset freezes to prevent them from hiding money ahead of sentencing, following prior liens on their home and business interests. Prosecutors are pushing for full restitution as victims — estimated at around 500 people who lost roughly $50 million — await answers. Meanwhile, Brooklynn Willy, an affiliate tied to the scheme, has pleaded guilty and will be sentenced in December. The legal fight rages on, with the judge’s decision looming over Allen’s fate — while victims wait for justice and recovery. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/972869eb5b66a1d1

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/lubbock-news-today-2-min-news-the-daily-news-now-7571537/episodes/ferrum-capital-convictions-and-legal-battle-lubbock-news/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/lubbock-news-today-2-min-news-the-daily-news-now-7571537/ferrum-capital-convictions-and-legal-battle-lubbock-news.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.