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

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

The wife of a Madison County businessman sentenced to almost two decades in jail when you look at the state’s biggest Ponzi scheme is divorcing her spouse and it has consented to offer home owned by the few to greatly help repay her spouse’s investors.

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

Vickie Lynn Adams was married to Arthur “Lamar” Adams since August 3, 1978, and it is the owner that is one-half of owned because of the few.

In U.S. District Judge Carlton Reeves sentenced Lamar Adams to 19? years in prison october.

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

The other day, Reeves authorized a settlement reached by Mrs. Adams and also the receivership appointed by the court to try and recover a few of the money lost by investors. He additionally lifted a stay of action on Mrs. Adams’ divorce or separation, meaning she can now continue along with it.

Vicki Lynn Adams could not be reached for remark Monday.

Nevertheless, Mrs. More Details