: Co-founders of Lubbock-based Ferrum Capital (founded in 2017).
Ferrum Capital lawsuits involve allegations that owners Joshua Allen Michael Cox , along with affiliate Brooklynn Chandler Willy , operated a massive Ponzi scheme through various Lubbock-based Ferrum entities ferrum capital lawsuit 2021
The was a standard but fiercely contested business tort case over client theft and trade secrets. It ended in a confidential settlement within the same year. For most observers, it serves as a cautionary tale about enforcing restrictive covenants in the competitive financial advisory space – not a sign of systemic fraud or investment risk at Ferrum Capital itself. : Co-founders of Lubbock-based Ferrum Capital (founded in
The Wisconsin case was just the beginning. As the number of plaintiffs grew nationwide, so did the total amount in question, with San Antonio attorney Matthew King noting the potential for losses to reach "$100 million or more" for his clients alone. For most observers, it serves as a cautionary
Unbeknownst to these investors, the underlying business model was already failing. Collins Asset Group was not generating anywhere near enough legitimate collection revenue to sustain the promised returns. Instead, the enterprise relied entirely on 2021 incoming funds to pay off earlier pools of investors. The Legal Avalanche: Civil Lawsuits and Bankruptcy Fraud