The scheme reached a critical tipping point between 2018 and 2021. Promoted heavily by San Antonio-based financial advisor and radio host through her firm Queen B Advisors (doing business as Texas Financial Advisory), Ferrum brought in massive capital. Court documents reveal that a significant volume of alternative investments were funneled or "rolled over" into Ferrum entities during this window.
The Ferrum Capital lawsuit involves allegations that Lubbock-based Ferrum Capital LLC ferrum capital lawsuit 2021
: Over 400 investors collectively lost more than $100 million through various Ferrum entities (Ferrum Capital, Ferrum II, and Ferrum IV). The scheme reached a critical tipping point between
The represents one of the most prominent financial fraud investigations in recent Texas history, unraveling a multi-million-dollar Ponzi scheme that stripped hundreds of investors of their life savings. Ferrum Capital filed the lawsuit in in a U
Throughout 2021, the case generated multiple pre-trial rulings:
The agreement allegedly contained standard provisions for litigation funding: a non-recourse loan against future settlements, coupled with a priority lien on any proceeds.
Ferrum Capital filed the lawsuit in in a U.S. federal district court (often the Southern District of New York or a similar venue for financial disputes). The primary claims were: