Ferrum Capital Lawsuit Info

Verdict: Guilty on all 47 counts. Fraud, conspiracy, wire fraud, money laundering, and a rarely-used charge called “false statement to a counterparty.” Julian Voss showed no emotion. His brother-in-law, the compliance officer, wept.

She walked into the rain. Behind her, the Ferrum Capital tower stood dark, its glass facade reflecting a sky the color of old silver. A janitor was already changing the locks. ferrum capital lawsuit

The judge sentenced Julian to 25 years. She ordered $62 billion in restitution—a number so large it was almost comical, because the money was gone. The pension funds would get pennies on the dollar. The retired firefighter would keep his part-time job at Home Depot. Verdict: Guilty on all 47 counts

Not by the SEC. Not by the Department of Justice. By a tiny legal non-profit called the Solvency Project, funded by anonymous donations. The lead plaintiff: a retired firefighter from Ohio whose pension fund had lost 40% of its value overnight. The named defendant: Ferrum Capital Holdings, Julian Voss, and “John Does 1-50.” She walked into the rain

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