The FBI has asked Ferrum Capital victims to come forward. Meanwhile, Ferrum’s court-appointed receiver is aggressively seeking repayments for victims in a bankruptcy case related to the Lubbock-based company accused of securities fraud.
Company co-owners Joshua Allen and Michael Cox, both of Lubbock, are currently under federal indictment for securities fraud. Their San Antonio business affiliate, Brooklynn Chandler Willy, is also under federal indictment, which LubbockLights.com covered extensively in the links below.
An October 1 statement from the FBI said, “… More than 400 investors invested over $100 million with Allen, Cox, and Willy, who together orchestrated a scheme to defraud investors.”…