Ferrum Capital Lawsuit 2021 Extra Quality File

Ferrum Capital, founded in 2017 by Joshua Allen and Michael Cox, is currently at the center of a massive legal and criminal controversy involving an alleged $100 million Ponzi scheme. The 2021 Lawsuit & Indictment Overview

The Genesis of the Dispute: The Underlying Agreement

The 2021 Ferrum Capital lawsuit stemmed from a funding agreement entered into sometime in late 2019 or early 2020. While the full details of the non-disclosure agreement (NDA) involved restrict public access to some specifics, court records (primarily filed in New York State Supreme Court and the U.S. District Court for the Southern District of New York) reveal the following: ferrum capital lawsuit 2021

2. Falsifying Loan Documents

Some claims suggested that Ferrum Capital representatives forged signatures or altered documents to make it appear as though loans were secured by specific properties when, in fact, the collateral either did not exist or was already leveraged by another lender. Ferrum Capital , founded in 2017 by Joshua

Enter Ferrum Capital. According to the complaint filed in June 2021, Ferrum agreed to provide a massive $35 million PIPE investment. In exchange, Hightower made a critical concession: they agreed to pay Ferrum a $5.25 million “breakup fee” if the merger failed to close by a specific drop-dead date. District Court for the Southern District of New

The investigation, spearheaded by the FBI’s San Antonio Division and the IRS, led to both civil and criminal consequences: Texas State Securities Board (.gov) SEALED - Texas State Securities Board