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Ponzi Partner Ordered to Pay $4M | Lubbock News
Description
Brooklynn Chandler Willy, a former business partner in the Lubbock-based Ponzi scheme Ferrum Capital, has been ordered to forfeit over $4 million to the federal government after pleading guilty to wire fraud, identity theft, and conspiracy. The money stems directly from her criminal involvement, with additional assets—including nearly $900K from a Texas property sale—also targeted for seizure. While Willy’s sentencing is set for December 2026, Allen and Cox, still denying guilt, face trial in August with a new attorney now representing Allen. The case continues to unfold as authorities pursue full accountability.
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