Phil Ferguson conned hundreds of investors out of millions of dollars and then disappeared. The story of one of the Indiana’s biggest fraudsters:
“The FBI knew Ferguson had money. They knew he had been in Colorado, where he landed for a time after fleeing Indiana and did business with a man named Roy Vernon Cox while using the name “Al Russell.” They narrowly missed apprehending him. Later, they received a tip that Ferguson had brazenly returned to Marion, from someone who claimed to have seen him in a drugstore.
“The rest was just guesswork. How much did Ferguson have? Thousands? Hundreds of thousands? Millions?”