Ferrum Capital Lawsuit 2021 !free! -

In the end, the Ferrum Capital lawsuit is remembered not for a landmark legal ruling, but as a grim parable for founders: Be careful who you take money from—sometimes the lender ends up owning more than just the debt.

: In July 2025, a federal grand jury indicted Joshua Allen , Michael Cox , and Brooklynn Chandler Willy on charges including conspiracy to commit wire fraud, money laundering, and securities fraud. ferrum capital lawsuit 2021

While the scheme allegedly began as early as 2017, significant 2021 activities have been highlighted in legal filings: In the end, the Ferrum Capital lawsuit is

According to an unsealed federal indictment, on or about November 2, 2023 , the Federal Bureau of Investigation (FBI) and the Internal Revenue Service Criminal Division (IRS-CI) began a criminal investigation into an investor fraud scheme centered in San Antonio and Lubbock. While this investigation began in late 2023, court documents indicate that its origins were in a federal investigation into the "company 1" in Lubbock—Ferrum Capital—that was likely initiated earlier, with agents interviewing witnesses and gathering financial records throughout 2021 and 2022. The 2023 FBI and IRS-CI investigation was the culmination of years of groundwork laid in 2021. The FBI's San Antonio Division eventually set up a victim portal for the more than 400 investors who invested over $100 million through the scheme, underscoring the massive scale of the investigation. While this investigation began in late 2023, court

Collins Asset Group, meanwhile, filed for bankruptcy in Delaware, prompting concerns from victims' attorneys that the proceedings would move to Delaware — a move they described as "right out of the Ponzi scheme playbook". In a favorable ruling for victims, however, Delaware bankruptcy Judge Laurie Selber Silverstein transferred the Collins Asset Group bankruptcy to Texas.

and earlier, when regulatory bodies first began flagging the firm's activities. Key Litigation & Regulatory Actions Texas State Securities Board (TSSB) Sanctions (2020–2021)