Tuesday, May 1, 2018

TIM-BERRR!

A massive Ponzi scheme promising double-digit returns from timber investments has been uncovered in Mississippi.  Several sources have told JJ that federal law enforcement is investigating the scheme. 

Several alleged victims told JJ that Lamar Adams operated companies* claiming to invest in timber-related activities.   The victims said they were told the funds had a 13% rate of return.  The investors would invest money in a timber fund.  The fund would issue twelve signed checks that were post-dated over a period of thirteen months.  Each check had a stated amount.  For example, an investor who deposited $100,000 in a fund would receive twelve checks totaling $113,000. Some victims said they were lured into investing in these funds since they had been operating for over seven years and they knew people who had received their interest payments as promised. 
 
The checks were drawn on River Hills Bank of Vicksburg.  One victim said he was told by River Hills yesterday that the accounts are frozen.  He also said the bank is refusing all checks from the various funds operated by Mr. Adams.

The victims also said Mr. Adams used several individuals to sell the "investments" and the well-to-do of Mississippi suffered from a creeping barrage of promises from these alleged hucksters. The salesmen or "promoters" moved among the creme de la creme of Jackson society.  Two such promoters worked at a major Jackson law firm - one is a lawyer while the other is a lobbyist.  Another purported promoter was an employee responsible for "wealth management" at another major law firm in the Jackson area.  He is no longer employed with that law firm.  One promoter was from the Delta and used his connections in that area to allegedly sell these investments to unsuspecting victims. 

Kingfish note:  The downtown scuttlebutt is that indictments or bills of information are forthcoming in this case so stay tuned.  More informed scuttlebutt says the amount of the fraud will make it the largest Ponzi scheme in Mississippi history, as there are many victims in the Jackson area, as well as the Delta and out of state.   One major law firm was particular hard hit as many of its lawyers fell for this scheme.  That lawyer brought in someone from the Great White North to do damage control yesterday.  One alleged victim in the Delta lost $2 million.  A victim in Jackson lost $350,000.  Another victim said the family had several million dollars invested in these funds.

JJ was told the total dollar amount of the alleged fraud. If true, it will be yuuuge. 


*Some of the various companies operated by Mr. Adams are:

Madison Timber Fund, LLC
Madison Timber Properties, LLC
Madison Timber, LLC
Timberzone Land Company
Madison Timber Company, Inc
Timberlines, LLC
Delta Farmland Investments, LLC

What is interesting is Butler Snow helped Mr. Adams form one of his companies. 



 Oddly enough, Mr. Adams purchased his home in the Country Club of Jackson in 2010, a year after the formation of Madison Timber.   








Note: Mississippi Business Journal to publish story about the glowing opportunities of timber investing in 3..2...1...

114 comments:

Anonymous said...

The unwashed masses wants names. Give the people what they want.

Anonymous said...

Lots of guys wanting to be a Vandevender. Keep dreaming!!

Anonymous said...

But the lawyer who was selling these didn't work at Butler Snow, right? Wasn't he at another big shop a few miles south on 55?

Anonymous said...

Names! Names! Names! Names!

Anonymous said...

Is Pinnacle Trust involved? This makes it look like they are: http://www.formds.com/issuers/madison-timber-fund-llc

Anonymous said...

Name Names!

Anonymous said...

"Whoever works his land will have plenty of bread, but he who follows worthless pursuits will have plenty of poverty. A faithful man will abound with blessings, but whoever hastens to be rich will not go unpunished." Proverbs 28:19-20

Anonymous said...

Pinnacle Trust is not involved. That is an old filing that never got funded.

Anonymous said...

Anybody know who Marcie works for at BS?

The irony of the firm's initials is not lost on its partners, I'm sure.

Anonymous said...

Bullshit 9:46. They tried to sell it to me

Anonymous said...

Unbelievable! Can not believe folks with law degrees actually fell for this.

Curious though, why is it "interesting (that) Butler Snow helped Mr. Adams form one of his companies?" Law and CPA firms do this often but it does not tie the firm into whether the business is legit, or not.

A. Land Sureyor said...

I'm going to throw this real life story out here as a learning tool. My friend, also a Land Surveyor, was hired to survey some 80 acres of wooded property down in Jefferson Davis County a few years ago. An elderly woman was his client and the only one living on the place. All the heirs to her estate lived in Chicago. He performed the survey of her wooded tract of land. A few months later, the elderly woman died. My friend the Land Surveyor was requested to show up at the property the week of the elderly woman's funeral to show all the heirs that were in town for the funeral, her property, which would become their property. What was once wooded didn't have a tree on it. Absolutely freshly clear cut. Come to find out, some Hucksters down there went to the Courthouse, paid the elderly womans property taxes, then showed the tax receipt to a tree cutting outfit who then cut all the trees and paid the Hucksters. The lesson here is you better have somebody keeping an eye on your remote property should you own such!

J.D. Holder said...

@10:07, if you can't believe it, then you simply need to meet more people with law degrees. ;)

Anonymous said...

If something is too good to be true, it probably is! I imagine lots of booze and hookers were involved to seal the deal.

Anonymous said...

"never got funded" = couldn't find enough suckers to make a go of it.

Anonymous said...

There's a difference between loggers and timber pimps...and you better know the difference. Timber Pimps abound in the State of Mississippi.

Anonymous said...

In Jackson, the criminals drive hoopties (or gray pickups with tags), listen to rap music, point a gun at you, then take your money. They might steal a hundred bucks and leave you short of cash.

In Madison, the criminals drive fully loaded Silverados with Yeti Cooler stickers, listen to country or contemporary Christian music, smile and shake your hand, then take your money. They will steal tens of thousands and leave you destitute.

I'll bet a buck and a quarter that there's someone on this site who attended church with Mr. Adams.

Anonymous said...

KF, don't be a Pontius Pilate and wring your hands over this! GIVE US THE NAMES!

@ 10:07am yes. amazing that big firm folks fell for this. In 30+ years of corporate law practice, I have helped organize hundreds of LPs, form LLCs and incorporate business corporations for clients. I always have an idea about the quality of the venture and the character of my client. But, to your point, I generally have no control over the daily business operations post-organization. I guess it does show, one never truly knows another's intent.

Anonymous said...

There is a sucker born every minute.

EZ Money said...

I met with Mike Billings, one of the brokers. After hearing his pitch (which included name dropping the who’s Who of 39211 investors), I was turned off. Thank goodness I didn’t fall for it.

Kingfish said...

And their friends will get on this site and say they shouldn't go to jail if they pay it all back.

Anonymous said...

I hear Pinnacle Trust is changing name to Nadir Trust...

Anonymous said...

Lamar is a funny and engaging guy, but this ain't his first rodeo.

Anonymous said...

Just like pussy, the lure of easy money makes men do stupid stuff. In another life I was part of a large team of investigators investigating a similar scheme with more than 250 victims (suckers).

My interviews of victims including a deputy district attorney, chief of police, and a couple of doctors.

Anonymous said...

The risk going into the investment should have been realized when investing in something called the "Madison Timber Fund.""A fool and his money are soon parted."

Anonymous said...

Just Google Madison Timber SEC Form D and you'll find the names fro all you inquiring minds.

Four door automatic brown sports car said...

Was one of the "promoters" a physician who recently bought a Porsche with an automatic transmission?

Might explain Sunday's shenanigans...

Anonymous said...

The biggest shock here is that lawyers trusted other lawyers....

Anonymous said...

Just like pussy, the lure of easy money makes men do stupid stuff.

Thank you, Michelle Wolf, for your characteristically urbane input.

Anonymous said...

Not insured by the FDIC

Anonymous said...

@ May 1, 2018 at 11:34 AM

That was good. Got a chuckle from it.

Anonymous said...

@ 11:02am

In Madison, the criminals drive fully loaded Silverados with Yeti Cooler stickers, listen to country or contemporary Christian music, smile and shake your hand, then take your money. They will steal tens of thousands and leave you destitute.

But yet, they're more leery of the black guy. ;-)

Anonymous said...

Madison? Thought this scam went down in Jackson, at the "Jackson" Country Club!

Anonymous said...

Not only did they "move on up" in 2010, but the kids got major upgrades to a couple of mini-McMansions in Bridgewater. Sure hope no retirees without other investments were scammed in the process.

Anonymous said...

From a very reliable source: The FBI came a knocking on Mr Adams door on Friday.

Madison Timber said...

They shouldn't go to jail if they pay it all back.

Anonymous said...

SEC Form D says:

Lamar Adams
Stacey Wall
William McHenry
Joseph Branscome (would this be Brad Branscome? Background fits.)

Anonymous said...

JJ scoops em again.

Why is there even a CL?

This is gonna ruin some summer vacations

Chrisp B Bacon said...

"Money for Nothing & the chicks are free." Mother Earth News Page 55

Anonymous said...

His legal fees will bankrupt him...and his companies...but lawyering up is way better than
bending over in prison.

Anonymous said...

Anyone doing business with Lamar Adams must not have known him for very long. The man has been a crook his entire life.

Anonymous said...

of course there are retirees and other investors who will lose everything. And just like the Morgan Stanley case it will be swept under the rug because good people dont talk about such things!

Anonymous said...

I know Lamar. Never understood exactly what he did for a living. Instinctively never trusted him. Arrogant, self important, loud laughing red neck. Hard to believe so many fell for it. It's tough out there.

Anonymous said...

So - the largest Ponzi scheme in Mississippi is being investigated by:

The US Attorney (newly appointed crime fighter Mike Hurst)

and

The SEC.

Any idea where the MS Attorney General is in this case? I realize he doesn't go after family members, and since this involved some members of the legal community they might be family.

Or - where our "Esteemed, very knowledgeable" Secretary of State and his Securities Division is? Maybe too busy running around the state visiting with schools (and their teachers) so that he can rock the vote, or whatever it is that he is doing preparing for his attempt to upgrade in next year's election. After all, he thinks he should be in charge of everything, why not trying to stop this kind of security fraud? Other than, his ineptness.

cowtowndawg said...

Uh uh not the butterfly, that's old. Let me see that tootsie roll.

Anonymous said...

Quick poll of JJ readers: How many successful investments have you made that involved the manager of your investment issuing post-dated checks?

Anonymous said...

The checks are actually pre-dated

Anonymous said...


If you can't get a quote on your investments in the Wall Street Journal or
Barron's or some other reliable source..then please don't invest your hard earned money in crap like this. I sure there were no audited statements by a CPA firm....just a promise....of post-dated checks.

Anonymous said...

Hey investor who "loaned" money to this crook. If this is a surprise then look in the mirror. Your not quite as smart as you thought you were. Only an idiot would loan $$ to a seemingly legitimate business and expect to get that kind of return. If his business model was so good then the banks would be fighting to loan him as much $$ as he wanted.

Anonymous said...

I have known Lamar a long time. Anyone who knew him would know better than to invest money with him. Minimal due diligence would have saved these people a lot of money.

Anonymous said...

I tried to invest in these projects, but I only had about $20,000.00 and they told me I would've to get $80,000.00 from other investors to buy a share of this. I guess I am lucky I didn't have any more money. But, I am still a member of the Country Club of Jxn., so I guess I am all right.

Anonymous said...

Hard to cheat a honest man. Investors thought they were screwing someone else.

Anonymous said...

Where were the properties located? Did the properties exist?

Anonymous said...

The Vaught Society just lost a big donor. I wonder if it will give back Adams’ donation(s)?

Anonymous said...

I was approached by two of the "recruiters." Mike Billings and Wayne Kelly. Both used the same spill. Now they are both claiming they knew nothing about the scheme.

Anonymous said...

He pleads guilty then the ball starts rolling. Everyone remotely involved will be brought into play. All will be involved in restoring stolen funds. A lot of people are not sleeping tonight....hell this year.

Anonymous said...

8:06 when the US attorney deposes one under OATH, a lot of memories are stoked.

Anonymous said...

I was given the sales pitch to invest by Jon Seawright, Baker Donelson attorney.

Anonymous said...

There are at least three newly deleted Facebook accounts of people involved in this.

Anonymous said...

Mike Billings with Butler Snow?

Anonymous said...

Billings worked through Butler Snow and they brought him in because he makes money brokering all things to the rich both here and Dallas. Also pushed business to BS for their “umbrella”

Anonymous said...

Yes, that's the Mike Billings. His name drops included every name in northeast Jackson in his sales pitch. I heard it first hand....twice.

Anonymous said...

Seawright pitched me as well.

Anonymous said...

Always amazes me when these Ponzi schemes crop up from time to time. The old adage, if it sounds to good to be true, it probably isn’t a good idea to invest, stands the test of time and experience. There was a similar timber Ponzi scheme more than 30 years ago in Ruston, Louisiana. The list of investors who got burned was a who’s who of the community. In a few years after this one, someone else will pull it again after a new generation of gullibles comes along.

Anonymous said...

Who are the ones who deleted their Facebook accounts?

Anonymous said...

Jon Seawright with BD?

Anonymous said...

Seawright isn't just an attorney with BD. He's on their board and a major shareholder.

I bet Lamar can't sing fast enough.

Anonymous said...

I wonder how many of the saps that got burned in this deal invested in those awesome CDs that Stanford Financial was issuing a while back?

Anonymous said...

Sadly, none of the guys who promoted and obviously were compensated will be culpable. Just look at the Stanford reps who sold the CD’s while pocketing 4% commissions. None of them were even banned from the securities business. The commission on a brokered CD is 5-10 basis points! Look at the Form D for MTP. They state the intent of allocating $540M of the $10 million placement in fees to insiders/promoters. How are these promoters any different from the Stanford reps? Cue the shrugging of shoulders in 3, 2, 1......

Anonymous said...

I was told the lawyers allegedly "marketing" the investment got 3%

Anyone else heard such?

Anonymous said...

Everybody is guilty.

Anonymous said...

Weren’t these investments technically securities? Were the promoters licensed to sell securities?

I was pitched, but the market assumptions you had to swallow did not make sense. When I questioned the basic premise, the promoter suggested I was the one who didn’t get it.

Anonymous said...

There is no system of justice in Mississippi, only a legal culture of corruption.

https://fedsoc.org/commentary/videos/is-the-mississippi-bar-doing-enough-to-combat-corruption-and-to-protect-the-honor-and-integrity-of-the-profession-event-audio-video

Anonymous said...

While the promoters may not have been guilty of fraud, it's probable they will have to surrender any "commissions" earned as part of victim restitution. It's also likely that anyone fortunate enough to get out early (within 6 years) before it collapsed will have to surrender any profit al la the Bernie Madoff case. In fact, in the Madoff case, victims that had invested within 2 years of the collapse had to return their PRINCIPAL payments as well.

Now if it was the State of Mississippi prosecuting this, it would be a differenet story, but with the Feds--Ouch!

Anonymous said...

I don’t understand how Adams could require the investor not to record the deed he issued. Can’t imagine the logic he told investors as to why that’s a requirement. I’m sure he had a compelling explanation, just can’t imagine how he explained this requirement.

Anonymous said...

The law firms are probably the deepest pocket from which investors can get back their money. The attorneys using their law firm's name and reputation as part of their marketing the sales to investors, or even using the law firm's cell phones and conference rooms, could make the law firms liable for their partners' deeds (no pun intended).

Anonymous said...

Investors will come after the pockets of money. Pockets = the law firms. Sadly, people will continue to do business with these firms despite this.

Anonymous said...

I was pitched these offers between 2013-2015 by Jon Seawright and Brett Alexander. The investment tip was passed along by an otherwise successful doctor couple in NE JXN.

Anonymous said...

I am surprised that a reputable law firm like Baker Donelson would either a) involve itself in this kind of promotional activity or b) allow its partners to do so, whether the firm name was explicit in the promotional activity or not. I am no expert on securities law, but as a Reg D entity, I believe that anyone representing the investment would have to be a licensed broker/dealer. Perhaps the attorneys that were promoting the investments were licensed brokers, but I really doubt that.

It makes me wonder if this was rogue activity on the part of one or more attorneys looking to make an easy buck. If so, BD should summarily dismiss them, and in any case, the State of MS should seek to disbar them.

Anonymous said...

Doctors are usually easy targets for investment scams. I have had direct experience dealing with docs in a business relationship, and most of them are completely clueless when it comes to business.

Doctors make a lot of money, so they think that they are good business people. No, you make a lot of money because you went to school for 11+ years...

Anonymous said...

May 2 @ 10.06 AM,

Just curious: did you ask Seawright or Alexander how much of their own money they had put into the deal?

Anonymous said...

Of course people will do business with the law firms "despite this." Just because one attorney was involved doesn't mean they are all guilty. Sadly, that's just dumb.

Anonymous said...

Ahhhh...interesting excerpt from Brent Alexander's bio on the BD website. It looks like he may actually be a licensed RIA and commodities trader. I don't know if that authorizes him to represent investments like the Adams' scheme, but he does seem to dabble:

A rapidly growing area of Mr. Alexander's practice is advising venture capital and related investors on public policy issues. He has passed the Series 65 Registered Investment Advisor Exam, an examination required by the Securities and Exchange Commission (SEC), the National Association of Securities Dealers (NASD) and the North American Securities Administrators Association (NASAA) for individuals who serve as principals in, or advisors to, hedge funds that invest in stocks, bonds and other financial instruments. He has also passed the Series 3 National Commodity Futures Exam, an examination required by the Commodities Futures Trading Commission (CFTC), the National Futures Association (NFA) and the SEC for individuals who serve as principals in, or advisors to hedge funds which trade futures and options.

Apart from his work at Baker Donelson, Mr. Alexander is registered as a Commodity Trading Advisor (CTA) with the NFA and manages a private investment fund.

Anonymous said...

From experience, doctors are the absolute worst when it comes to business. All of that education makes them think they know everything about, well, everything. Narcissistic, greedy and narcissistic...in that order. Never again will we partner with one, lesson learned.

But back on topic, did anyone ever find out who Marcie at Butler Snow works for?

Anonymous said...

10:14 gets it. These were securities and the SEC will walk in the door at some point. The promoters were pushing the deals with statements that used the name of BD to demonstrate worthiness (would BD lawyers promote or personally invest in a scam?). No small group of pushers is worth the reputation of the firm. If the firm doesn't take action, it would seem that it is complicit in the behavior. Same goes for the bar. If any clients of the firm were sold an interest, they should face sanctions.

Anonymous said...

In the past week in Ridgeland JJ has reported illegal zoning & now a Ponzi scheme. It appears that big shot Jxn guys backed by their big law firms are having their way in the city. Their appears to be more fish in Ridgeland than in the Rez.
Just saw the MS Governor on tv saying it is his job to protect the citizens of MS so he is closing bridges without the money to repair these unsafe bridges. Here again, Ridgeland does not seem to have any problem getting bridge construction money. Maybe Ridgeland is not in MS. Maybe Ridgeland should change it’s name to Little “C”(Chicago).

Anonymous said...

10:14 good luck trying to have these shysters disbarred. Wolves protect their own and the bar is just an illusion and filter for the legal profession. If you have a judgement in hand you may have a chance but they aren’t interested in investigating. Take this from the voice of experience.

Anonymous said...

Response from: May 2 @ 10:06 AM

No, I never inquired whether they also had an investment stake on the timber offers. They deducted a 2% commission from the 12% annual return. I should also mention that the duo sponsored the funds out of Alexander-Seawright LLC - not Baker Donelson. Maybe they had no relationship with Lamar Adams/Madison Timber but there wasn't enough specific information about any stakeholders to make an investment - and the MO is eerily similar...

Bill Reed said...

It must take great courage to be an anonymous character assasin of people you do not know.

Anonymous said...

Bill Reed
It's not possible to assassinate character that does not exist.

Anonymous said...

Bill, I know them. I’ve known Brent for 30 years. Known Jon for 10. Known you for 10. Not surprised by any of it.

Anonymous said...

Bill Reed, Baker Donelson shareholder, out here trying to defend his boys. Funny.

Anonymous said...

Alexander pitched me. It was so obviously a scam I didn't even consider it. Besides being the most pretentious, arrogant SOB on the planet, he has always been out for himself. The fact he is involved in this scheme isn't surprising, and I don't think he can lobby himself out of this one.

Anonymous said...

I cannot believe these law firms are letting people that work there have a side job pushing investments on the side. They should have known better and done their homework.

Anonymous said...

@4:29 No legit firm would allow such. They would also probably not come to the JJ comments to chastise people for "assassinating" the character of their buddies who helped swindle a bunch of people.

Anonymous said...

Brent Alexander has been a pathological liar since his days at Ole Miss. As my MaMaw would say "that boy lies when the truth fits better." The questions now are did he pitch this to legislators and elected officials? Is he still employed by BD (he can't be)? What kind of jail time is he facing? Curious if his LLC was established with the sole purpose of helping run this scheme.

Anonymous said...

I heard someone talking that C-Spire is looking into the Ankle Monitor products to service their clients in the 30A area. Talk about a bad tan line!

Anonymous said...

@ the 5/1/18 2:09 PM commenter:

Jim Hood is too busy protecting Mississippi's citizens and economy from the recent "eCommerce" fad to worry about a few embellishments of a failed business(man).

What's a little white-collar dispute in comparison to the online wine ordering epidemic? Due to the gross irresponsibility and criminal intent of over 20 ̶w̶i̶n̶e̶ ̶r̶e̶t̶a̶i̶l̶e̶r̶s drug dealers, patient and forward-thinking underage children eager to experiment with alcohol might have been able to order wine over the "Internet" and arrange for it to be delivered directly to their parents' front door within only a few days or weeks!

We can't stand idly by and allow such accessibility & free market consumerism to corrupt and poison our impressionable babies!

I, for one, am thankful for Jim Hood and his virtuous crusade against sinful, out-of-state, small businesses bypassing our ABC's Rubber Stamp Department and filling their coffers on the innocence of children.

We must spare no effort or expense ensuring that only adult Mississippians of legal age have the privilege of, and access to, a most limited selection of excessively-taxed, government-approved wines (except for ̶C̶o̶m̶m̶u̶n̶i̶o̶n̶ ̶w̶i̶n̶e Jesus' blood, spiritual amounts of which are obviously acceptable for children's consumption).

I hope Mr. Hood is successful in suing the pants off these criminal enterprises and sending a strong message to the entire country that Mississippi and her citizens are not open for business in the digital age, and will not yield to the inevitability of change. If companies want to get their hands on our hard-earned money, then they can come down here, abide by our prehistoric and overly burdensome laws, and do business the way it's supposed to be done: with a handshake.

We can worry about capital, violent, and 9-digit, white-collar crimes once the egregious & nefarious retail activity has been stifled. Priorities, people!

Anonymous said...

Unbelievably Green Oak had a crew working in the yard of the Adams’s Country Club of Jackson home today!!

Anonymous said...

@5:03. And if Alexander used this LLC under the Baker D umbrella, then Baker D has serious liability here. If firm people, resources, reputations and clients were being used to sell a fraud, then shouldn't everyone be responsible? Has BakerD released any kind of statement?

Eastover said...

Bunch of the lawyers will go to jail. They knew it stunk but set up a phony company to hide behind with 0 assets. Won't fly with the fed and they might as well go ahead and cough up the bucks to pay everybody back.

Anonymous said...

@5:03....You would think so. People don't win going up against the Feds.

Anonymous said...

Was that builder from Atlanta that skinned a bunch of people also associated with BD? What is the story on that?

Anonymous said...

https://caselaw.findlaw.com/ms-supreme-court/1526671.html

Anonymous said...

Savagery @6:38. Bill Reed comin to steal ya girl.

Yank up the roses said...

@5:56 I hope they were only planting sunflower seeds and a few Zenia seeds for color. I bet Green Oak will Repossess the pine straw

Anonymous said...

It will only become epic if they ever tie this guy to Mayor Yarber's fund raiser in Atlanta. Please for once let Hinds and Madison crooks be tied together and let it involve strippers. That would be a Kumbaya moment in Mississippi history.

Anonymous said...

I knew you wouldn't post it you 666. R.I.H.

Anonymous said...

Brent Alexander is in his 50s. Until about a year ago, his picture on the BD website was from his college days. Such silly vanity is one reason why so many people laughed at him and still do. I can't imagine anyone taking him seriously enough to drop $100K on an investment with some local yokel claiming a guaranteed 13% rate of return.

I guess it's not just po' folks who fall for the unctuous guy pushing pie in the sky.

Anonymous said...

Late to post, Wayne Kelly is awful!! Completely misrepresented himself. When the checks were good, he worked for Madison Timber. When the checks were bogus. he told me that he had no idea. Bonuses, commissions!!! My checks are signed by Wayne Kelly, he knew what was going on. GREED

Anonymous said...

I've known Brent for 40+ years...not surprised. A pig with lipstick is still a pig. Since he lobbied for the MHA, I too would be curious also to know if any Hospital Big Dogs invested any public hospital $$ in this mess. Someone mentioned retirees, check out the good ole boy justice being raped on the Singing River Hospital Retirees who are being bilked for their 30-40 years of hard work. This ponzi is bad enough that HYDR rich boys want to get richer quicker. But when a county owned system gets away with squandering 100's of millions of dollars of wage-earner peoples retirement!?!?! And no one is held responsible?!?! And no one gives a damn including the MSC?!?! THAT is a travesty. Many of these POSs will get jail time, sued, and more. The SRHS pension mess currently has NO ONE being held accountable but the legal "settlement" team gets 6.4 million!!. JJ pick up the blog on that story, I'd love to see who talks. Interestingly, MS is #1 at two things: Giving & Corruption (aka taking) = Saints & Sinners

Anonymous said...

JJ I see you did post in 2015 RE SRHS unfortunately nothing has changed.
https://www.clarionledger.com/story/news/2018/01/28/hospitals-troubled-pension-system-judge-again-oks-plan-settle-lawsuit/1073393001/

Anonymous said...

Anything new on Brent Alexander or Jon Seawright?

Kingfish said...

Yup.

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Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.


In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.


Note: Security provided by INS.

Trollfest '07

Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

Note: Security provided by INS
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