Jackson Jambalaya

So, why is Brent Alexander not listed anywhere on FINRA or the SEC website as an investment adviser OR holding a license of any kind?

Could it be that the Feds put the squeeze on Seawright and he offered up Lamar ? This just keeps getting bigger and bigger !

The sheer audacity of these people is astonishing! Seawright , Adams .... all of them.

To quote Clark W. Griswold........We are in deep, deep, deep, deep!

I'd love to know if any of the commission money ended up co-mingled with the firm's revenue. If so, I suspect it's going to be a big problem for BD. I don't know why the firm would tout a partner's trading and securities credentials unless the firm itself had something to gain. Guess we'll find out.

IF the Madoff standard is used (6 years profit, 2 years principal window) Wicker may have to surrender everything he got back-- including the 100k+ he put in. I would imagine he just rolled it over after 2016, but I hope for his sake that doesn't count as a separate 100+k invested, or he is really going to take a hit. He could lose twice what he put in.

Adams had the scheme. Alexander / Seawright had the connections. This had to start out legit and then greed took hold...

7:16 Do you mean "audacity" or "mendacity"? ;)

I went to the page showing registered investment brokers past and present by putting in FINRA and puting brent alexander in to locate his current and past employment. I don't get a hit on him. I may be doing this wrong, but that is what I show.

The first Alexander photo looks like a 'goosed' rodeo clown. The second one appears half that age. Are there two of them?

If any of these people had a table at the Republican Gala in Madison County, somebody must have turned their place-card down.

The train to pound town done left the station already.

The conductor is fixin to be punching tickets soon.

I bet the bigger story is Billings and Lord Snow - much bigger money, question of why Snow has a "Wealth Advisory" group but is not an RIA or broker/dealer. Did Snow open their client lists for Billings to solicit? Did commissions go to Billings alone or were they shared with Snow (if so -Wow)?

No way these guys are still employed by Monday, right?

How long will these two remain at Baker Donelson? This is a real black eye for the firm. And what kind of information as to outside business interests that may affect the firm do members/employees have to disclose to the firm? Who in the firm knee or should have known.

@7:54 - That MSLobbyist picture of Brent is at least 30 years old. That's what he looked like at Millsaps in the 1980s. Until a few months ago that was the picture he used on the BD website. He is probably 100 pounds heavier now, gray and balding. People who know him were constantly laughing at his using that old picture. I'm surprised he didn't use his high school senior portrait.

The fact that he represented himself that way should tell you everything you need to know about his character and trustworthiness. If he is the guy who was paid $2+ million last year, the feds need to freeze his accounts now before he transfers that money to the Caymans or some other place.

"a new LLC, Alexander Seawright Timber Fund II, on April 23, one week before Lamar Adams was charged with a bill of information."

The SEC complaint was filed 4/20 and then unsealed this week. This basically shows it wasn't Seawright or Alexander rolling on Lamar. More likely Lamar doing the talking.

I am constantly amazed at the quick judgment of posters on this site and the general assholeishness (let's make it a word) they display. People like 8:30, and plenty of others, must be miserable people. P.S. I have no connection to the issue or people being discussed.

The longer BD waits, the worse they look. I imagine the wrongdoings are worse than anyone expected. I would guess Alexander and Seawrights money is already gone. Hell, they could be in the Caymans with it.

May 4, 2018 at 8:47 AM = Constantly amazed but disgruntled loyal JJ reader!

Attn 8:47 I was dubious before I read your comment, but now I realize how gullible people can be.

If the SEC complaint was filed 4/20 (blaze it) and Seawright and Alexander were still creating entities days after, what are the odds the FBI has these clowns on a wire talking about the whole scam?

Its time to have a pea shelling and find out who the babys daddy is. My only hope is that somewhere there are truly honorable people that can accomplish this.

Corruption, theft, Ponzi schemes.........these and many more elements of wrongdoing seem to be more common than ever.

Maybe more folks are getting caught, but these f__g lawyers are out of control.

They can do anything they want with little to no consequences.

Alright BAR Assn., get off your f--g ass, grow a pair and restore the legal profession to at least some semblance of decency.

since the legislature passed all of those sweeping tort reform measures back in the early 2000s {remember that?} the big ivory tower law firms had to find a new way to gin up revenue . they found it in creating lobbying branches within the firm . thats why the biggest lobbyist there is, haley barbour, works for butler snow. they didn't bring him in to handle collection matters in justice court. and apparently they also went into hawking investments . most of those guys at those firms who call themselves lawyers dont even know where the courthouse is. they are nothing but political fixers, lobbyists, engaged in legalized bribery, and apparently very poor investment advisors. after this stink they really are gonna wish they were back in justice court.

Senator Wicker has much, much stronger ties to Butler Snow. I am guessing his salesman came from there.

Sounds like some people employed by high-powered law firms need to be prepared to eat nothing but gruel sandwiches.

I also believe that a fundamental issue finally being exposed to the mainstream is the perverse commingling of law firms with all of these other government relations, public policy advisory, Wealth Management, and so-called business advisory services. There is an inherent conflict of interest there. And I do think that it is bad for society.

9:33 here again..... just so you know, im an attorney in solo-private practice for 30 years.

Maybe they both knew nothing? Is it not possible that they were also swindled?

Really weird using the old picture though. Does anyone know these guys personally?

After the dust settles, the vast majority of the people involved in this sordid mess will still be doing their thing and life will go on as before. No, they won't get away with anything, but it will seem as though they have.

9:33 makes a great point.

Pre-tort reform, the big Jackson firms could sit back, hire dozens of associates to bill $180/hr sitting quietly in depositions taken by others, and let the money roll in.

Post-tort reform, to maintain the standard of living to which they're accustomed (and in many cases, to meet the revenue expectations from their partners in more prosperous states), they've had to convert from law firms to more "power and influence" firms.

Butler Snow moved aggressively on this front, and is now really more of a money-for-influence exchange than a traditional law firm. Formerly top tier firms that didn't make this transition have fallen on hard times.

I know jackpot justice sucked, but don't think for a second Mississippi's lawyer class was going to let their privileged grifter status go without a hell of a fight. They'll just go about it in different ways.

May 4, 2018 at 8:47 AM

I'm with you. Only a horrible person would question a 50-year-old guy who uses a college picture to represent himself. Using that younger, thinner picture is totally legit.

I do it on Match and Eharmony all the time. So I suppose you miserable people are quick to judge me, but I'm getting dates with 25-year-old hotties while you're all jealous.

When's Bill Reed coming back to tell everyone these innocent boys are simply the victims?

How many times has Baker Donelson demanded KF shut these down?

Who's the attorney/firm that is going to come out swinging first? Someone's filing something within 5 days against BD and its boys.

May 4, 2018 at 9.59 AM,

I kinda think that Alexander's life will change a bit if he is proven to be connected to this. Even if he doesn't do jail time, his life as a lobbyist would be over.

"Hello, this is Baker Donelson, one of the 100 largest law firms in the country. We would be very interested in representing your company's interest in a legislative liaison capacity..."

"...What's that?...Oh, yes, that's right, our senior policy adviser was involved in the promotion of a massive Ponzi scheme. As a matter of fact, he personally recruited Senator Roger Wicker into the scam, resulting in a personal financial loss of hundreds of thousands of dollars to the Senator."

They guy in the top picture ate the guy in the middle picture.

I'm a lobbyist with 35 years of experience in State government. I graduated college in the late 70s and have worked for a high powered law firm for the last few years. I also consult on high return investment opportunities. Come see me if you want to make 20% annually on lucrative cryptocurrency investment with zero risk.

Trust me! (recent photo)

Anonymous said...
May 4, 2018 at 10:09 AM

Care to share some phone numbers? I will gladly cut you in to a sure thing investment. It's for a gold mine SW of Oxford with 13-17% ROI. This is for a small select group of people, so keep it to yourself.

These guys and the Pinnacle guy will 1] claim ignorance; 2] spill their guts; 3] testify against Adams and hope they get a slap on the wrist and will be able to hide that commission money from attys looking for it.

Alexander has spent his entire life lying and dreaming of being “The Man” whether on campus, the political scene, Capitol Hill, or the legislature. He wanted everyone to know he was going to be known one day. Mission accomplished.

“FILL IN THE BLANK-WHITE COLLAR DEFENDANT sees himself as much brighter than the rest of the world, the sharpest tool in the toolbox,” TIRED PROSECUTOR says. “It’s the kind of thing I see in white-collar case after white-collar case, people who think they’re better than everybody else, that people trust them and love them, and that no one will be able to figure this out.”

I have known the Alexanders for 30 years. There is nothing I can say to defend Brent. He is one of the most insincere and dishonest people I have ever known. I feel for his wife and children, but no one who has had a five minute conversation with him is surprised by this. I hope now that he finds himself at this crossroads, he does the right thing for once.

10:47, I'll buy your #1. And of course your #2. Certainly #3 if necessary although Adams is rushing to testify against them and others.

But - your unnumbered and last one is only partially correct: They may HOPE to only get a slap on the wrist, but what they are really worried about is getting a slap on the ass while in the shower. And with the FBI, US Atty and the SEC all looking, they aint gonna be able to hide all those commissions - clawback rules are hell.

Wonder how old Fibber Gene McGee feels about rolling over and letting Butler Snow have their way with Ridgeland now?

Stock tip - Shredder manufacturers and bleach-bit software producer. I heard there is a run on these products.

They guy in the top picture ate the guy in the middle picture.

I am crying from laughing so hard!

If there's one good thing to come out of this whole Timber fiasco (besides the light being shone on the nasty and ridiculous underbelly of Jackson's well-to-do), it is the brilliant comedy of JJ's commenters.

The comments in these threads have kept me in stitches!!!

What about Seawright though? His name is right next too the Alexander’s?

When Baker Donelson closes down, can we replace their building with the movie theater I was promised?

BD is collateral damage. The target is Butler Snow.

Sometimes the anticipation of justice is so much fun to watch.

Unfortunately I am an investor in some of these. Does anyone know if there is some sort of secondary market maker where I may be able to get some of my money back? I have reinvested the interest over the last several years. Surely I can't be held responsible for paying back money that I never really got. I have been led to believe I may have to "pay it back". That is not right if it is true.

Ok, folks, here's an interesting twist:

Jane Alexander, Brent's wife, is the CEO of the Community Foundation of Jackson - a 501(c)3 non-profit.

As part of their annual filings (Form 990 - Kingfish is fond of posting these), 501(c)'s are required to disclose the nature of any investments that comprise more than 5% of total assets.

In its 2015 Form 990 filing, the CFJ reported $2,3000,000 of "timber rights".

Certainly there is no connection, right?

@ 11:51 He probably donated his commission for lining up the investment for the 501(c)3 run by his wife...so it was really a good thing he was doing...helping them out. I mean they had all this money donated and what better way to put it to use other than funding Adams timber investments in the name of the Greater good of Jackson

It's now the Community Foundation for Mississippi. They just got new office space and furniture.

@11:51 How deep does the rabbit hole go?

And what the hell is the "Community Foundation of Jackson"? Could you get a more non-descript name?

Remember on Seinfeld when George made up a charity to avoid buying gifts for his coworkers? He called it "The Human Fund" and the slogan was "Money for People."

The Community Foundation of Jackson. We are a Foundation for the Jackson Community.

Who was this guys cpa?

At some point is everybody going to realize and acknowledge that the politicians, deal makers and kingpins running Jackson didn't learn their tactics out of the blue? They learned over many years of watching the white folks do the same thing.

11:47: You need a lawyer.

Perhaps before Mayor Chokwe Lumumba holds an outdoor City Hall Press Conference stating "On behalf of the people of West Jackson, right, we will gladly accept this 2.3 million dollar gift, right, to pay nearly one half of the water bill at the Zoo" Lamar Adams and his fellow cronies in crime should hold their own emotional Press Conference stating "and although we realize we can't take every child of West Jackson to Wrigley Field for a baseball game, our intentions were to fully fund the restoration of the current Jackson Zoo so that every child of West Jackson may have lasting memories of visiting the Zoo."

If I’m understanding this correctly, there is a lying criminal & his wife has a charitable foundation. Seems like I have heard of that some where else. I suspect comparable legal consequences especially if BS is involved. It would be a dream come true if justice could be served to BS & its many pawns as McGee. I suspect that if only some honest FBI agent took a few minutes of their time, McGee would be the easiest feature in their bonnet.

That's an interesting # you have there 11:51..

So, it's not just one bad Alexander - it's two. How low do you have to be to con a non-profit? Are these two going to wear matching prison jumpsuits? Are there co-ed federal prisons?

This story gets more and more unbelievable as we go...I look forward to months of entertaining JJ

Mississippi's #1 ranking as the most corrupt and stupid state in the U.S. just became even more secured. Hopefully, the feds will accomplish such a major toilet flush of corrupt participants that we'll at least give Louisiana a chance at catching up.

I think this foundation is some type of spin off of the Jackson chamber which is filled with fake people.

This whole thing reminds me of the movie "The Billionaire Boys Club".

Where did Roger Wicker get hundreds of thousands in cash to invest in this? He has never been worth that kind of money.

How in the hell can law firms be allowed to have investment advisors and lobbyists after this fiasco???!!!!!

'you cannot cheat a honest man!'

She will be fired if she invested funds in that mess.

what is the deal with Butler Snow- what did they do?

who is the managing partner of BakerD in Jackson?

1:36 - I think you may have opened a new vein for the Feds to explore! There’s a lot more to this madness than meets the eye with Adams, Alexander, Seawright, BS, & BD. Many residents in Ridgeland stay baffled with the behind the scenes politics of their City leaders. The BS building along with Costco are both perfect examples. Food for thought indeed.

12:04, et.al. - you must have really just reworked your tin foil hat antennas to be able to even make a statement (albeit non-sensical) trying to tie Ridgeland city officials, Costco, and this Ponzi scheme.

Commonmann - surely you can do better than that. Just because BS is connected - to what degree is yet to be actually determined but obviously they have much more than a toe in the water - and BS is located in Ridgeland is a bigger stretch than Muller trying to tie a 2005/2006 banking transaction to Russian interference in the 2016 election. I thought he was reaching about as much as possible, but you truly win the prize.

4:43, I believe some of these posters that u r trying to discredit r simply pointing out that there is a lot of smoke all over Ridgeland started by a bunch of NJ residents. The state is not gonna do anything, maybe the feds can put out some of these fires.
Seemingly a criminal mentality is pervasive in the city.

Has Jane Alexander’s foundation made a statement? Is she still employed there? This really is a movie in the making.

I don’t know if BS has ever seen a conflict of interest they didn’t like.

7:53 - what's all this "smoke" all over Ridgeland "started by a bunch of NE Jxn residents"?

The earlier comment was claiming that Ridgeland officials (obviously not residents of NE Jxn, unless they are committing voter fraud as well as whatever else your buddies think is criminal activity). The comment specifically related to the actions of Ridgeland's city officials.

BUT, it was saying that the BS building was criminal. And the Costco building was criminal. Neither of those accusations stand the test of reality, but that's beside the point in this issue.

My point was - and remains - that to try to connect this Ponzi scheme with City of Ridgeland officials and the Costco building (or the BS building from over a decade ago) is absolutely stupid. About as stupid as stupid can be. But, since you want to either agree with the earlier commentor, or repeat your stupid comment, I will suggest that you need to adjust the antennas on your tin foil hat as well.

8:24, you need help.

Choir boys are not as naive as some of these posters make out to be.

8:24, What if some enforcement agencies’staff personnel familiar with the facts were in agreement?
I’m not going to get up set, personal, & derogatory toward you, You obviously don’t have the facts, and nothing is going to be done anyway. Have a good night.

Thus far, I've seen all sorts of stuff, but other than Roger Wicker's $10-$30K in disclosed "interest" paid to him, I've yet to see any mention of any other INVESTORS (NOT operators/sellers) who got paid. If this really did start in 2004, presumably with the payouts beginning in 2005, that is fair chunk of change paid out to...who? It sure would be, um, "coincidental" if a whole bunch of politicians made a ridiculous rate of return on a Ponzi scheme run/sold by a bunch of lobbyists...gee, it almost might seem like bribery or something. And who knows, maybe there is another whole bunch of these "investment funds" out there. Man, if I were enterprising investigator, I'd probably start looking at every financial disclosure I could get my hands on and any investment that was not immediately recognized as legit would get a look-see.

May 20th at 6:18 - two law firms out of thousands. So, in your world, no law firm can have other divisions - specifically investment advisors or lobbyists? Same thing apply to any other profession that has one or two companies that have one or two rouge employees? Should banks have to disgorge their investment advisors and only cash checks and take deposits if they recommend a stock that goes belly up? Local CPA gives you bad advice on how to set up a trust for the kids, so they should all need to stick to preparing financial statements and tax returns?

I may have missed some other post pointing this out, but the "NASD" hasn't existed since 2006-7. It is FINRA nowadays. Having once held a "NASD" license is about as meaningful today as having once held a Confederate bar card. Implying that you are currently licensed by virtue of either claim is a no-no.

In fact, having once held a securities license makes implying that you currently have one, especially in a scheme to defraud, would be an aggravating factor. It would be tough to claim you had no clue about securities regs. On the other hand, I'm sure some of the lawyers involved could argue that a Mississippi bar card, former or current, proves no particular knowledge of the law, so maybe it could work with a securities license problem, too. Maybe all involved will just turn in all the money and sincerely apologize, too.

10:06, you finally got something right!

Nothing is going to be done.

Correct. Nothing is going to be done, because nothing is there to be done about. All your collusion b/s is just that - pure b/s.

So, keep on dreaming up all of these conspiracy theories, believing that everybody that you don't like is a crook, and they all work together. And the officials just won't do anything about it. That way, you can have a good night - probably with a wet dream to help you enjoy it.

2:36, you are the man. So many of these boards right now are talking about the lawyers at BS & BD, but these attorneys have nothing on you. You have the solutions without the facts. You have the answers without the questions. I bet everyone just trembles when you enter a room. You are some kind of awesome. Keep up the good work!

Seen both of these guys in last week. If Seawright is worried, he doesn't show that in his demeanor following these revelations. Alexander, otoh, appears rattled, but he's always red-faced and appears to be about to explode, so who can tell.

And Alexander Seawright have retained David Kaufman, who proclaims ignorance/innocence on their behalf. Your move, Mike.