Forest Industry Ponzi Scheme
Everything seemed to be going well, until all of a sudden, it wasn’t. On August 21, 2018, Judge Reeves will sentence Arthur Lamar Adams for violating the anti-fraud provisions of the federal securities laws. Adams has pleaded guilty to having devised a sophisticated Ponzi scheme that attracted at least 300 wealthy investors in 14 states to pour more than $100 million in the scheme. This may well be the largest Ponzi scheme ever committed in Mississippi. The courts acted quickly in this case to protect the victims and to assure quick resolution. June 2018 — Forest Industry Ponzi Scheme in Mississippi Largest in Industry
