Episode Details

Brooklynn Chandler Willy’s sentencing for wire fraud in the Ferrum Capital Ponzi scheme has been delayed until December 14th, with no official reason given—despite her March guilty plea. Alongside co-defendants Joshua Allen and Michael Cox, she’s accused of bilking nearly $68 million from hundreds of victims across Lubbock and San Antonio. Allen and Cox face trial August 10th on securities fraud charges. Ferrum Capital, launched in 2017 by Allen and Cox, promised investors safe returns through buying distressed debt—but collapsed after its debt-collection partner, Collins Asset Group, defaulted and went bankrupt. Willy, a former San Antonio financial advisor and radio host, had already faced state sanctions in 2020 for failing to properly vet investments, paying back $2.75 million in commissions.

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