Ferrum Capital Lawsuit 2021

The 2021 Ferrum Capital lawsuit stemmed from a 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:

, purportedly solicited millions of dollars from investors with promises of safe, high-return promissory notes. The Scheme : Investors were typically promised 8% to 10% annual returns . The company claimed these funds were loaned to Collins Asset Group ferrum capital lawsuit 2021

The lawsuit surrounding Ferrum Capital LLC and its related entities involves allegations of a massive Ponzi-style scheme that reportedly defrauded hundreds of investors of more than $100 million The 2021 Ferrum Capital lawsuit stemmed from a

: If convicted on all charges, Allen and Cox face up to 70 years in prison . The Scheme : Investors were typically promised 8%