![\"Brooklynn](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/mike_cox_306x408.jpg\")
Michael Cox<\/p>\nThe Ferrum Capital collapse costing hundreds of people millions of dollars is a long way from being resolved.<\/p>\n
But new court records and a forensic accountant\u2019s report obtained by LubbockLights.com reveal details of what happened to the money.<\/p>\n
\u201cIt was a scam from the get-go,\u201d said Lubbock attorney Ed Price who represents people trying to get their money back.<\/p>\n
And Price, plus another attorney trying to recover money for investors believe another person should face criminal charges in the case.<\/p>\n
\u201cWalt Collins, I would certainly suggest,\u201d said San Antonio attorney Matthew King.<\/p>\n
Price had the same answer.<\/p>\n
\u201cThe guy who really causes all of this is the guy who comes in and wines and dines the Josh Allens and the Michael Coxes and says, \u2018Look, I got a great idea here where we can all make millions.\u2019 And he\u2019s the bad guy. Collins is the bad guy, or one of the bad guys \u2013 but maybe the worst of the bad guys because he knows better,\u201d Price said.<\/p>\n
King added, \u201cThis is part of what a scheme would do \u2026 create these intermediaries. And as you\u2019re handing a bag of money from one party to another, what you\u2019re doing is creating obstacles to recovery. You\u2019re also giving a party, like Walt Collins himself, some deniability by saying, \u2018Well, I don\u2019t know what happened to it.\u2019\u201d<\/p>\n
Price said of Collins, \u201cHe\u2019s the one that has done it a couple of times before in other states in different formats. But that was his position at the deposition: \u2018It\u2019s not mine, it\u2019s not my company. They\u2019ve got it. They\u2019re the bad guys. Leave me alone.\u2019 And we\u2019re not going to leave him alone.\u201d<\/p>\n
What you\u2019ll find in this story:<\/p>\n
Details from the forensic report showing how much Joshua Allen, his Lubbock business partner Mike Cox and their San Antonio business affiliate \u2013 Brooklyn Chandler Willy \u2013 are accused of taking from Ferrum<\/p>\n
How Allen moved money from Ferrum in and out of Walk-On\u2019s restaurant ventures, according to the report.<\/p>\n
A demonstration of how Ferrum\u2019s business plan was \u201cdefective.\u201d<\/p>\n
Payments to a New York attorney who\u2019s been suspended from practicing law.<\/p>\n
An explanation of how the tables are turning and Ferrum is suing its own \u201cFerrum Capital insiders.\u201d<\/p>\n
Why a company connected to Ferrum is claiming it might owe Ferrum $559 million as it seeks bankruptcy protection.<\/p>\n
How we got here<\/p>\n
Allen and Cox started Ferrum Capital in 2017 and began to solicit investors, according to their indictment.<\/p>\n
\u201cAllen, Cox, and \u2026 Willy used Ferrum Capital, Ferrum II, Ferrum III, and Ferrum IV (collectively \u2018Ferrum Entities\u2019) to steal millions of dollars from hundreds of victims,\u201d said federal indictments that have the trio facing an April 2026 trial date in federal court.<\/p>\n
The victims put up $67 million, according to the indictment. The numbers in other legal documents differ.<\/p>\n
\u201cMost of the investors lost some or all of their investment.\u201d the indictment said.<\/p>\n
Ferrum transferred money to Collins Asset Group (CAG), a debt collection company. Participants were told CAG would purchase debts for pennies on the dollar and would make a lot of money if the debts were collected. But according to various lawsuits, the debts were not collectible and Ferrum was a \u201cPonzi scheme.\u201d<\/p>\n
CAG defaulted to Ferrum in late 2023, with Ferrum in turn defaulting to its participants. Legal actions followed.<\/p>\n
Cox filed for bankruptcy in early 2024 revealing nearly 400 people or businesses that stood to lose money in Ferrum.<\/p>\n
Cox\u2019s bankruptcy judge, Mark X. Mullin, ruled \u201cThe Ferrum Entities were operated as a Ponzi scheme in that new investor money and funds pledged to other investors were used to pay early investors.\u201d<\/p>\n
For that reason, Cox was not allowed to discharge more than $30 million of debt.<\/p>\n
CAG and its parent company, Hollins Holdings, filed for bankruptcy in June.<\/p>\n
LubbockLights.com reached out to attorneys for Allen, Cox, Willy, CAG, Hollins Holdings, Walt Collins and a spokesperson for Walk-On\u2019s. We did not receive responses.<\/p>\n
The forensic report<\/p>\n
People sued Ferrum in numerous lawsuits across Texas, and in one, attorneys hired Greg T. Murray, a San Antonio forensic accountant.<\/p>\n
Murray introduced his findings this way: \u201cFerrum Capital LLC and Ferrum IV LLC were established to receive investor funds. They promised high rates of return to attract investor funds. Those funds were disbursed to other entities as loans and commissions. The loans appear to have been very high-risk investments and have proved to be uncollectible.\u201d<\/p>\n
\u201cWe met with Mike Cox back in November or December of 2017. \u2026 He said he had an investment that was guaranteed to be risk free \u2013 said if you\u2019re tired of the ups and downs of the stock market this would be an interest-paying note.\u201d<\/p>\n
dwain strait<\/p>\n
Michael Cox<\/p>\n
That\u2019s not what Dwain Strait and others were told. He spoke to LubbockLights.com in January about the money he and his wife lost in Ferrum.<\/p>\n
\u201cWe met with Mike Cox back in November or December of 2017. \u2026 He said he had an investment \u2026 guaranteed to be risk free \u2013 said if you\u2019re tired of the ups and downs of the stock market this would be an interest-paying note.\u201d<\/p>\n
Strait liked the idea of \u201crisk free.\u201d According to Strait, Cox offered him 8 percent interest with quarterly payments. Cox was told Ferrum would work with CAG to collect distressed debt and make a lot of money.<\/p>\n
\u201cThe Collins Group was supposed to be fantastic. They just touted them as been doing this for decades,\u201d Strait said.<\/p>\n
Murray\u2019s forensic report put CAG right in the middle of everything. Ferrum sent more than $47.6 million to CAG and got back more than $19 million in repayments and interest.<\/p>\n
Murray\u2019s report also tracks the flow of money into and out of certain companies Allen created which are related to Walk-On\u2019s including the Amarillo location. From the report:<\/p>\n
Ferrum transferred just short of $3 million to companies under Allen\u2019s control or partial control including WO Metro and Waco WO \u2013 companies Allen set up as he pursued Walk-On\u2019s franchise locations in Texas.<\/p>\n
WO Colony transferred more than $530,000 into Ferrum.<\/p>\n
Ferrum transferred $821,000 to QuBall Holdings which, according to a lawsuit filed in Lubbock<\/a>, was the general partner of the Amarillo location of Walk-On\u2019s.<\/p>\n Ferrum transferred nearly $1.3 million to Landzacha LLC, which (according to the same lawsuit) was a limited partner in the Amarillo Walk-On\u2019s.<\/p>\n Ferrum transferred nearly $1.3 million to WO Metroplex.<\/p>\n WO Metroplex got a nearly $2.2 million dollar loan \u201cfacilitated\u201d by QuBall and Allen, according to the Amarillo Walk-On\u2019s lawsuit. WO Metroplex then deposited the money into an account related to the Amarillo location. \u201c[The] account was used to commingle funds of various entities,\u201d court records said.<\/p>\n Price said Allen did not treat each entity like a company but more like a bank account \u2013 describing Allen\u2019s behavior as, \u201c\u2018Wherever I need money, I\u2019ll just get it.\u2019 Money was coming in and out, and here and there, and whatever. \u2026 He just kind of treated it all as his little kingdom.\u201d<\/p>\n Murray\u2019s report indicates the Ferrum companies (Ferrum Capital and Ferrum IV) paid:<\/p>\n Allen Financial $11.8 million (with roughly $3.8 million of that amount getting moved to other places).<\/p>\n Willy\u2019s company, Chandler Capital, $1.26 million.<\/p>\n Two of Cox\u2019s companies MCKC and MLC Inc. just less than $700,000 and $628,000 respectively.<\/p>\n New York attorney Aaron Etra $3.14 million, the report said. Other court records indicated Etra was to act as an escrow attorney in a joint venture between Ferrum and Ryan Project Funding. Ryan was to put the money into investment grade securities and return it with a 20 percent profit. Etra was suspended this year from practicing law in New York according to nycourts.gov for violations of professional conduct rules. Murray\u2019s report indicated Etra owes the money back.<\/p>\n Payments to \u201cinsiders and control persons\u201d totaled more than $18.7 million, according to Murray.<\/p>\n \u201cFunds are commingled and used for personal and authorized expenses by insiders or control persons,\u201d Murray wrote.<\/p>\n Part of Murray\u2019s mission was to conclude if Ferrum operated as a Ponzi scheme. His answer was yes:<\/p>\n Part of Murray\u2019s conclusion<\/p>\n \u201cWhether the program would have been profitable is another key consideration. Exhibit #4 details loan advancements to Collins Asset Group totaling $52,455,273.43. 40 percent interest for 4 years would be $20,982.109.37. Total repayment after 4 years would be $73,437,382.80. Exhibit #20 computes investor funds received totaling $82,829,057.16. The promised investor return computed at 40 percent is $33,131,622.82. Total required investor payments would be $115,960,679.88. The business plan is defective.\u201d<\/p>\n Ferrum, to keep its promises, would need to pay its investors nearly $116 million. Ferrum was always going to run tens of millions of dollars short, he concluded.<\/p>\n \u201cFerrum and Ferrum IV business models exhibit all the court-identified badges of a Ponzi scheme,\u201d Murray wrote.<\/p>\n Another document, filed in September in one of the lawsuits, had different dollar figures but the exact same conclusion.<\/p>\n \u201cUsing simple math, Ferrum Capital\u2019s only source of available revenue was the origination and service fees. So, if those monies were paid out in commissions to Cox and Allen or other sales agents such as Willy, Ferrum Capital would never be able to repay its investors,\u201d one of the lawsuits said.<\/p>\n \u201cFrom the inception of Ferrum Capital and the first transfer of monies from Ferrum Capital to Cox and Allen, its ultimate failure was assured and inevitable,\u201d the lawsuit also said.<\/p>\n Murray\u2019s forensic summary of Ferrum Capital<\/p>\n (Numbers are rounded off)<\/p>\n Funds received:<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Funds received from investors<\/p>\n $31.8 million<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Funds received from Goldstar Trust Company<\/p>\n $36.5 million<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Collins Asset Group principal, interest and fees<\/p>\n $19.4 million<\/p>\n Total cash receipts<\/p>\n $87.8 million<\/p>\n Funds expended:<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Loans to Collins Asset Group<\/p>\n $47.6 million<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Net transfers to other Ferrum funds<\/p>\n $1.074 million<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Payments to related parties<\/p>\n $2.3 million<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Origination fees and other Allen Financial payments<\/p>\n $6.6 million<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Transfers to Allen Financial related accounts<\/p>\n $2.9 million<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Transfers to Allen Financial related accounts<\/p>\n $2.9 million<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Transfers to Allen Financial for distributions<\/p>\n $66,769<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Transfers to Goldstar Trust Company<\/p>\n $18.1 million<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Distributions directly to Investors<\/p>\n $8.2 million<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Operating expenses<\/p>\n $778,690<\/p>\n Total disbursements<\/p>\n $87.8 million<\/p>\n What CAG owes Ferrum<\/p>\n Separate from the forensic report, CAG updated bankruptcy schedules said the company owes roughly $36.3 million in principal and nearly $12.7 million of interest. Those two numbers add up to nearly $49 million that CAG owes to Ferrum in principal and interest.<\/p>\n Ferrum: Four-year 10 percent<\/p>\n $21.5 million<\/p>\n Accrued interest on Ferrum 10 percent<\/p>\n $9.4 million<\/p>\n Ferrum: Four-year 8 percent<\/p>\n $14.8 million<\/p>\n Accrued interest on Ferrum 8 percent<\/p>\n $3.2 million<\/p>\n Is it $67 million or $87 million?<\/p>\n A federal indictment said, \u201cHundreds of victims invested approximately $67 million into Ferrum Capital.\u201d<\/p>\n Civil court records said, \u201cFerrum Capital took in approximately $67.7 million from retail investors \u2026\u201d<\/p>\n And Murray\u2019s forensic report said Ferrum took in $87.7 million. But Murray was counting both investor money and partial repayments from CAG.<\/p>\n Murray\u2019s accounting included, for example, $19.4 million repayment from CAG to Ferrum. His method was to examine the checking accounts for all money coming in and going out.<\/p>\n \u201cI created a QuickBooks accounting system file for Ferrum. My staff posted all the checking account transactions,\u201d Murray said.<\/p>\n Trying to get money for victims<\/p>\n Separate from Murray\u2019s report, the court-appointed receiver over Ferrum, John Patrick Lowe, recently filed an updated document in state court.<\/p>\n \u201cFerrum insiders took or received approximately $13.6 million for themselves or entitles they controlled and delivered about $47.6 million to Collins Asset Group, LLC,\u201d Lowe said.<\/p>\n Lowe\u2019s list of \u201cFerrum insiders\u201d is shorter compared to Murray\u2019s \u201cpotentially related companies\u201d and so the two come to different dollar figures ($13.6 million compared to $18.7 million).<\/p>\n They also had different goals. Murray\u2019s task was to prove whether Ferrum was a Ponzi scheme. Lowe is trying to get money back for Ferrum\u2019s victims.<\/p>\n Lowe originally filed a complaint against CAG in 2024, but CAG has since gone into bankruptcy. Just recently Lowe documented a $66.1 million claim against CAG in the bankruptcy \u2013 saying approximately $10 million of it is a secured claim.<\/p>\n In state court, Lowe filed updated complaints in June and September seeking judgements against Allen and Willy. Cox filed for bankruptcy so he\u2019s not on the list.<\/p>\n Lowe also seeks money back from these companies: MLC, MCKC, MKMH, Allen Financial, and Landzacha.<\/p>\n \u201cSince some time in 2022, [CAG] has been a zombie entirely under the control of the Oliphant parties.\u201d<\/p>\n john patrick lowe\u2019s claim in bankruptcy court<\/p>\n CAG is tied to a company called Oliphant by common ownership. Lowe filed a claim against CAG in the bankruptcy case \u2013 claiming some of the Ferrum money ended up with Oliphant.<\/p>\n \u201cThe Receiver [Lowe] contends that the Oliphant Parties took or converted some or all of the money due the Receiver from collections on the Ferrum Capital collateral,\u201d Lowe claimed.<\/p>\n Lowe contended Oliphant is responsible, saying CAG and Oliphant collected at least $56 million of debt on accounts serving as collateral for Ferrum. But Ferrum was only paid back $19.4 million, according to Murray\u2019s report.<\/p>\n \u201cSince some time in 2022, [CAG] has been a zombie entirely under the control of the Oliphant parties,\u201d Lowe\u2019s claim in bankruptcy court stated.<\/p>\n Complete Ferrum Capital coverage<\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tFerrum criminal trial \u2013 Allen, Cox and Willy \u2013 pushed back until next year<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tFerrum detour to Delaware ends; what that means for victims in Lubbock, San Antonio<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tCriminal trial date set for Ferrum\u2019s Allen, Cox; their San Antonio affiliate\u2019s court process pushed back<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tBattle to recover millions for victims in Lubbock, San Antonio is also a tug of war between Delaware, Texas<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\u2018Finally \u2026 in shackles\u2019 \u2013 Ferrum victims \u2018ecstatic\u2019 about criminal charges against Allen and Cox<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tUpdate: Cox, Allen, co-owners of Lubbock\u2019s Ferrum Capital, charged in federal court, could face 70 years in prison<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tNew details from Collins bankruptcy show they owed Lubbock-based Ferrum Capital \u2018undetermined\u2019 amount of money<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tAttorneys trying to recover money in Ferrum cases concerned about legal processes moving to Delaware<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tTwo companies tied to Ferrum and securities fraud FBI investigation go bankrupt<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tMore people who lost money in Ferrum Capital case ask bankruptcy judge to keep Lubbock businessman Mike Cox accountable<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tAs Cox bankruptcy wraps up, focus shifts to use of Fifth Amendment, possibility of criminal charges in Ferrum \u2018Ponzi scheme\u2019<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tCox deal to keep his house approved but some of his bankruptcy protections lost<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\u2018I was shocked and ecstatic\u2026\u2019 family reacts after bankruptcy ruling preserves millions in debt related to Lubbock-based Ferrum Capital<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tJudge rejects Lubbock man\u2019s efforts to use bankruptcy to avoid millions of debt in Ferrum Capital case<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tNew bankruptcy judge appointed in Lubbock \u2013 to oversee cases across much of West Texas<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\u2018They robbed people blind,\u2019 says upset Lubbock attorney representing dozens in Ferrum Capital case<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tCox bankruptcy case in Lubbock may get new judge, as hundreds wait to see about their millions of lost savings<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tThreat illustrates frustration of Ferrum Capital investors, who want to know where money went, if they\u2019ll recover any<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tDeal proposed in Lubbock $82 million Mike Cox bankruptcy case could recover small portion for Ferrum participants<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tMore charges filed in San Antonio related to FBI investigation of troubled Lubbock firm; one victim speaks about losing retirement savings<\/a><\/p>\n \t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tHundreds may have lost millions with troubled local company after criminal case extends to Lubbock from San Antonio<\/a><\/p>\n Another lawsuit<\/p>\n One of the lawsuits in San Antonio, under the direction of attorney Randall Pulman, was updated in September.<\/p>\n \u201cFerrum Capital, LLC was formed for the sole and exclusive purpose of financing CAG. Ferrum Capital had no borrowers other than CAG. CAG\u2019s prior source of funding, Soniqui, used the same sales, marketing and financing structure\u2014it too was a Ponzi scheme,\u201d the suit said.<\/p>\n LubbockLights.com in late 2024 pointed to Soniqui in our original overage<\/a>. CAG settled its lawsuit related to Soniqui for less than $16 million as we previously reported.<\/p>\n Pulman\u2019s lawsuit said Ferrum simply picked up where Soniqui left off. CAG then sold off to Oliphant, according to lawsuits.<\/p>\n \u201cThe Oliphant Entities, through a series of corporate machinations looted CAG of its assets and the monies which were raised by Ferrum Capital from the Plaintiffs,\u201d Pulman\u2019s lawsuit said.<\/p>\n Attorney King thinks the next step will be getting Oliphant (Oliphant, Inc., Oliphant Financial and Oliphant USA) involved.<\/p>\n \u201cFrom 2017 through 2023, Ferrum Capital raised approximately $60,000,000 from investors and turned over to CAG approximately $50,000,000 in investor funds from approximately 250 investors,\u201d the lawsuit said.<\/p>\n \u201cNot satisfied with just taking an undisclosed commission, Cox and Allen also \u2026 simply stole investor monies from Ferrum Capital for their own benefit,\u201d the lawsuit said.<\/p>\n They \u201cskimmed\u201d $12 million out of Ferrum, according to the lawsuit.<\/p>\n \u201cNor did Cox or Allen disclose to the investors that they owned 100 percent of Ferrum Capital, and later that one or both of them had acquired an interest in Oliphant, Inc.\u2014the ultimate owner of CAG.\u201d<\/p>\n $559 million?<\/p>\n In its September bankruptcy filing, CAG claimed it might owe Ferrum $559 million. The figure comes from CAG\u2019s updated bankruptcy schedules and represents an amount claimed as \u201ccontingent, unliquidated, and disputed\u201d \u2013 not one that is settled or admitted.<\/p>\n Price had not seen the $559 million figure before.<\/p>\n \u201cWe think the number is over 50 [million], but we don\u2019t know for sure, because again, we\u2019re having to reconstruct all this stuff,\u201d Price said.<\/p>\n Why $559 million instead of something closer to $50 million?<\/p>\n King said realistically CAG does not owe Ferrum $559 million, but instead, \u201cThat\u2019s a fairly common thing that you\u2019ll see sometimes in lawsuits. \u2026 What they\u2019re doing there is listing every possible claim \u2026 to provide a maximum figure.\u201d<\/p>\n To emphasize this point, CAG\u2019s lawyers are not admitting $559 million is the amount owed. They\u2019re saying in court records that\u2019s the maximum amount that might be claimed by the time all the dust settles on various lawsuits.<\/p>\n![\"Brooklynn](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/josh_allen_306x408.jpg\")
Joshua Allen<\/p>\n![\"Brooklynn](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/brooklyn_willy_306x408.jpg\")
Brooklynn Willy <\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"Ferrum](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/cox_allen_willy_gfx_1280x720_delayed.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"Ferrum](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/collins_case_back_in_texas_GFX_1920x1080.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"Criminal](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/cox_allen_willy_gfx_1280x720_02.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"Battle](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/motion_venue_texas_gfx_1920x1080.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"\u2018Finally](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/cox_allen_willy_gfx_1280x720.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"Update:](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/cox_and_allen_ferrum_gfx_1280x720_v02.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"New](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/collins_bankruptcy_SOFA_schedules_GFX_1920x1080.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"Attorneys](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/oliphant_notice_removal_gfx_1920x1080.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"Two](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/collins_bankruptcy_gfx_1920x1080.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"More](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/bankruptcy_request_default_gfx_1920x1080.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"Cox](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/bankruptcy_hearing_gfx_1280x720.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"\u2018I](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/mike_cox__with_bankruptcy_ruling_1280x720.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"Judge](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/cox_bankruptcy_ruling_1280x7201.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"New](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/brad_odell_1280x720.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"\u2018They](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/ed_price_1280x720.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"Cox](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/order_recuse_gfx_1280x720.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"Threat](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/mike_cox_photo_documents_gfx_1280x720_v02.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"Deal](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/cox_bankruptcy_ferrum_gfx_1280x720.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"More](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/brooklyn_chandler_willy_1280x720.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![\"Hundreds](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/ferrum_capital_willy_indict_gfx_1280x720_02.jpg\")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n
![\"Facebook](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/1760383639_959_facebook_yellow_350x350.jpg\")
![\"\"](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/volunteer_activism_96dp_000000_FILL0_wght400_GRAD0_opsz48.png\")
<\/a><\/p>\n