Ferrum Capital Lawsuit 2021

Ferrum Capital is a [briefly describe the company, its business, and its reputation]. Founded in [year], the firm has built a reputation for its expertise in [specific area of investment or finance]. With a portfolio of high-profile clients and investments, Ferrum Capital has established itself as a major player in the financial industry.

: Prosecutors highlighted a specific May 2021 instance where financial advisor Brooklynn Chandler Willy allegedly convinced a married couple to invest $500,000 into a Ferrum-related entity. ferrum capital lawsuit 2021

Ferrum Capital was founded in late 2017 by Joshua Allen and Michael Cox in Lubbock, Texas. The company marketed itself as a lending operation, collecting money from investors in the form of loans and then lending that money to other entities. By presenting itself as a stable and secure investment opportunity—often leaning heavily on the personal Christian faith of its founders to build trust—Ferrum Capital was able to attract hundreds of investors. Much of the money Ferrum collected from investors was then loaned to a third-party debt collection company called Collins Asset Group (CAG). Investors were told that CAG would use these funds to purchase and collect on bad debt for a significant profit, with Ferrum promising its investors high returns and the protection of collateral. Ferrum Capital is a [briefly describe the company,

As of the lawsuit's filing, the plaintiff had never received any return of his principal or any interest payments — despite having been promised substantial returns through a complex lending structure. : Prosecutors highlighted a specific May 2021 instance