From San Antonio, Texas: A significant fraud case has been outlined by authorities. The case involves a large sum of money, with around $80 million raised and $50 million lost. Over 500 investors were affected.

Two individuals, Joshua Allen and Michael Cox, were found guilty on all counts and allegedly kept a substantial amount for personal use. Authorities have commented on the nature of the case, citing trust and personal gain as key factors. Further information on the case is available, including details on the investigation and the actions of those involved.

The full scope of the case and potential further actions have been discussed by officials, although some details remain undisclosed.