{"id":396499,"date":"2026-08-03T15:46:58","date_gmt":"2026-08-03T15:46:58","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/396499\/"},"modified":"2026-08-03T15:46:58","modified_gmt":"2026-08-03T15:46:58","slug":"willy-sentencing-delayed-part-of-ferrum-capital-criminal-case","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/396499\/","title":{"rendered":"Willy sentencing delayed \u2013 part of Ferrum Capital criminal case"},"content":{"rendered":"

Sentencing was delayed until December 14 for Brooklynn Chandler Willy, an affiliate of Lubbock-based Ferrum Capital.<\/p>\n

No reason was given in the order and no request by prosecutors or her defense attorney was listed in the court docket.<\/p>\n

Previously she was scheduled for sentencing on September 28 \u2013 having pleaded guilty in March to charges that included wire fraud.<\/p>\n

She was accused in lawsuits, along with Lubbock businessmen Joshua Allen and Michael Cox, of using Ferrum to conduct a Ponzi Scheme that took nearly $68 million from hundreds of victims \u2013 often in the Lubbock and San Antonio areas.<\/p>\n

Allen and Cox are set to go on trial August 10 in San Antonio. Federal prosecutors indicted them on charges of securities fraud and conspiracy. Neither side in that case has indicated a plea deal will happen.<\/p>\n

Quick description of Ferrum<\/p>\n

Allen and Cox cofounded Ferrum in 2017 according to state records.<\/p>\n

Court records in the ongoing criminal case said, \u201cInvestors were told their money would be used to purchase bad debt through Austin-based company Collins Asset Group (CAG).\u201d<\/p>\n

CAG borrowed money from Ferrum to purchase this \u201cbad\u201d debt for pennies on the dollar. If CAG could collect, then everyone would make money, investors were told.<\/p>\n

\u201cAs part of their pitch, the Defendants routinely told investors their money was safe with CAG, that CAG had never missed a payment, and they were at little to no risk of losing their principal,\u201d federal prosecutors wrote.<\/p>\n

CAG defaulted with Ferrum in late 2023 and filed for bankruptcy last year.<\/p>\n

Control of Ferrum was taken away from Allen and Cox \u2013 instead placed under a court-ordered receivership in one of many lawsuits.<\/p>\n

Click here to see<\/a> our series of stories on Ferrum Capital. <\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Judge\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tJudge denies Allen\u2019s request to toss federal charges against him, claiming indictment doesn\u2019t give him chance at fair trial<\/a><\/p>\n

\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"City\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tCity Council rezones, annexes land west of airport for industry, sparking anger, recall threats over data center fears<\/a><\/p>\n

\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Abuelos\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tAbuelos making money in bankruptcy, offers amended plan for creditors to vote<\/a><\/p>\n

\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Sheriff\u2019s\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tSheriff\u2019s Deputy Joshua Lawson has earned two life-saving awards after following his father into law enforcement<\/a><\/p>\n

\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Battle\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tBattle before the courtroom battle: Allen, Cox and federal prosecutors maneuvering on which evidence jury can weigh<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Ince\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tInce fills many LFR roles, including teaching EMT-Basic Training to recruits who all passed national exam on first attempt<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"November\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tNovember vote on Civic Center likely getting pushed back to next year as city wants clear financials before going to voters<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"The806er\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tThe806er survives roller coaster ride after Facebook takes down page, then restores it two days later<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Lubbock\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tLubbock approves $152,000 LEDA grant for Slaton railcar repair facility, expecting economic payback in less than a year<\/a><\/p>\n

\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Proposed\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tProposed youth sports complex at 104th St. and Milwaukee seeking zoning change; land purchase to ease traffic concerns<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Law\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tLaw enforcement is in LPD Officer Marcus Rodriguez\u2019s blood as he enjoys connecting with community he serves<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Expenses\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tExpenses rising higher than expected revenue has city looking at challenging budget for fiscal 2026-27<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Anti-data\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tAnti-data center meeting ends after man yells, cusses out mayor, who says he won\u2019t \u2018take that kind of treatment\u2019<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Neugebauer\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tNeugebauer hits brakes on Fermi proxy fight \u2013 future of huge data center project with Texas Tech still to be decided<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Most\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tMost speakers at Council meeting to discuss data center policies say only policy should be to ban them<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Trooper\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tTrooper Gabriel Hinojos leans on faith to help him serve community through Texas Department of Public Safety<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Sheriff\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tSheriff warns county\u2019s public safety at \u2018critical mass\u2019 but not all commissioners convinced, Corley wanting ideas for cuts<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Judge\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tJudge denies Allen\u2019s request to push back criminal trial set for August 10<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Larry\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tLarry Dial, member of Sheriff\u2019s SWAT team, relies on \u2018training at high level\u2019 to help when stressful situations occur<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Perry\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tPerry tells Lubbock ISD to clean up library shelves or new state regulation will come; district says it\u2019s following the law<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Lubbock\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tLubbock case shuts down certain Biden-ordered federal wage regulation for contractors nationwide<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Commissioners\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tCommissioners approve expo center lease on 3-2 vote amid debate if lease protects county in north Lubbock project<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Fire\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tFire Officer of the Year DJ Salas turned his combat medic experience in Iraq into leadership opportunity with LFR<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Lubbock\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tLubbock wants to take images of street conditions, then grade, prioritize $14.5 million road repair budget<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"With\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tWith many data centers considering Lubbock, mayor wants huge public meeting to discuss this controversial issue<\/a><\/p>\n

\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"No\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tNo plea deal and none expected in Ferrum case as Allen seeks delay and prosecutors balk<\/a><\/p>\n

\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Fired\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tFired Fermi CEO Toby Neugebauer claims Cody Campbell caused his removal during battle to control huge data center<\/a><\/p>\n

\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Game\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tGame rooms in county cut nearly in half as ordinance forces closures, permit revocations, some owners giving up<\/a><\/p>\n

\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"LPD\u2019s\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tLPD\u2019s Cpl. Noble wanted career that was more than just a paycheck, where he could serve his hometown<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Boren\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\tBoren wants back on council 19 years later in District 4 special election, citing experience, unfinished business<\/a><\/p>\n

Willy background<\/p>\n

Willy was a San Antonio financial adviser and radio host. She was a source of investors for Ferrum in the San Antonio market through her radio show and her businesses \u2013 Queen B Advisors, Texas Financial Advisory and Chandler Capital Holdings.<\/p>\n

A federal indictment was not her first brush with trouble.<\/p>\n

Willy made an agreement with the State Securities Board in 2020 which included a one-year suspension of her registration with the board. She was ordered to pay back $2.75 million in commissions to her customers.<\/p>\n

The Texas State Securities Board said in a written statement Willy did not conduct a \u201creasonable level of due diligence\u201d before selling alternative investments.<\/p>\n

\u201cIn fact, in some instances, she recommended that conservative, unsophisticated investors allocate nearly half of their liquid assets in private, illiquid alternative investments,\u201d the board statement said.<\/p>\n

Willy was indicted in<\/a> late 2024. She was reindicted last year \u2013 this time alongside Allen and Cox<\/a>. <\/p>\n


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