Fraud Triad: Willy, Allen, Cox Face Charges
Lubbock Daily News Now | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Federal prosecutors have charged Brooklynn Chandler Willy, Joshua Allen, and Michael Cox with wire fraud, money laundering, and identity theft, accusing them of scamming investors out of millions. The trio allegedly used Ferrum Capital to lure victims with fake investment deals, diverting funds for personal use instead of debt buying in Austin. If convicted, Willy could lose her home and assets. Victims, mostly from Lubbock and San Antonio, have shared stories of total losses, with one couple handing over $500,000 that went straight to Willys accounts. New court filings detail six specific victims and $926,000 flowing to Willy to hide its origins. Willy is negotiating a plea deal ahead of a March 13th deadline, while trials for Allen and Cox are delayed into next year.
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