Ferrum Capital Lawsuit 2021 -

: Lawsuits filed in states like Wisconsin claim that Ferrum Capital entities solicited and received multi-million dollar investments in 2021. For instance, one plaintiff reportedly invested $1 million in January 2021 and another $1 million in June 2021

: Investigations revealed that much of the new investor money was used to pay "returns" to earlier investors to maintain the illusion of profitability. ferrum capital lawsuit 2021

: Although redemptions were supposed to occur, the entities eventually defaulted in 2023 when the inflow of new investor money could no longer cover the high commissions (often over 10%) and payments to earlier investors. Legal Fallout and Indictments : Lawsuits filed in states like Wisconsin claim

The legal fallout surrounding Ferrum Capital stems from a multi-million dollar Ponzi scheme orchestrated by co-founders Joshua Allen Michael Cox , alongside San Antonio financial advisor Brooklynn Chandler Willy lubbocklights.com . While significant litigation emerged starting in 2023, many victims made substantial investments throughout 2021 Investment Activity & Core Allegations Legal Fallout and Indictments The legal fallout surrounding

: A San Antonio-based financial advisor who collaborated with Ferrum. She pleaded guilty in March 2026 to federal charges, including wire fraud and aggravated identity theft.