Ferrum Capital $60M Ponzi Scheme Conviction

Jury found Allen and Cox guilty on all counts in the Ferrum Capital Ponzi scheme. $80M raised, $50M lost, 500+ victims, $9M used for personal expenses. U.S. Attorney highlighted faith-based fraud. Officials vow to pursue asset recovery for victims, including one who lost kidney transplant fund. This conviction is a significant enforcement outcome with clear public interest.