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Wife of businessman sentenced in $100 million Ponzi scheme divorcing husband, reaches settlement

The wife of the Madison County businessman sentenced to almost twenty years in jail within the state’s largest Ponzi scheme is divorcing her spouse and has now decided to offer home owned by the couple to greatly help repay her spouse’s investors.

Arthur “Lamar” Adams had been sentenced to nearly twenty years in jail for a $100 million Ponzi scheme, the biggest within the state’s history. (Picture: Jeff Amy, AP)

Vickie Lynn Adams happens to be married to Arthur “Lamar” Adams since August 3, 1978, and it is the one-half owner of home owned by the few.

In October, U.S. District Judge Carlton Reeves sentenced Lamar Adams to 19? years in jail.

Adams admitted in court that their company had been a Ponzi scheme. Adams duped up to 300 investors, including U.S. Sen. Roger Wicker, into the $100 million scam.

A week ago, Reeves authorized a settlement reached by Mrs. Adams therefore the receivership appointed by the court to try and recover a number of the money lost by investors. He additionally lifted a stay of action on Mrs. 继续阅读Wife of businessman sentenced in $100 million Ponzi scheme divorcing husband, reaches settlement