Friday, June 15, 2018

Court: Landrum Committed Fraud

The trials of David Landrum continue after a Chancellor said he committed some fraud while trying to move progress along in one of his developments in Madison County.
Mr. Landrum owns Chestnut Developers, LLC.   Chestnut developed the Chestnut Hill subdivision in Madison County.  Lot sales were slow, so Mr. Landrum asked the Madison County Board of Supervisors to allow him to reduce the size of the lots in the subdivision.  Craig Realty objected since it owned several properties immediately adjacent to the subdivision.  Craig Realty is owned by Charles and Kenneth Craig. Craig withdrew its objections after Landrum agreed to place restrictive covenants on the lots bordering the Craig properties.   An agreement was signed and recorded at the courthouse on December 31, 2009.  

There is just one problem.  Chestnut (Landrum) said in the agreement that it owned Lot 55 in the subdivision and made the lot one of the properties subject to the new covenants.  Unfortunately for Craig, Marguerite Black actually owned Lot 55 since she purchased it from Chestnut Hill on December 18, 2007.  The deed was recorded at the courthouse as well.    Ms. Black sued Chestnut and Craig Realty and argued they had no right to place covenants on property they did not own.   She said the covenants placed a cloud upon her title.   Craig Realty said it did not know Black owned Lot 55 since it relied on "Chestnut's representation that it was the owner of Lot 55."  It filed a cross-claim against Chestnut and sued Chestnut's law firm, Adams & Reese. 

Special Chancellor James Bell ruled that Craig Realty suffered a loss of $30,000 and entered a judgment for that amount against Chestnut.  Judge Bell will hold another hearing to determine whether to award attorney's fees against Chestnut as well.  The Chancellor minced no words in ruling against Chestnut:

Considering all of the evidence presented at trial, Craig Realty proved by clear and convincing evidence all nine (9) elements of a claim for fraud under Mississippi law against Chestnut and/or Craig Realty has met its burden of proof that: Chestnut's false representation to Craig Realty concerning its ownership of Lot 55 of the Subdivision was  grossly negligent and  evidenced a reckless or careless disregard for the rights of Craig Realty.

Attorney Todd Burwell represented Craig Realty.  Andy Clark, Esq. represented Chestnut Developers.   The claims by Ms. Black are still active in the case.  The claim against Adams & Reese was dismissed.   Mr. Landrum is currently embroiled in a court fight with other investors of Livingston Township in federal court. 


22 comments:

Anonymous said...

Wrong attachment, I think.

Anonymous said...

None of his court cases have been reported to FINRA. Maybe someone needs to tell PFS to update his disclosures.

Anonymous said...

He has 90 days to update his U-4 from the date of the disclosure.

Anonymous said...

Attn 10:45 AM,I don't see where David E Landrum has been registered with FINRA. Please explain or correct me if I am wrong. Thanks

Anonymous said...

He may no longer be with Primerica.

Lay Down With Dogs... said...

Landrum better get himself another attorney. One that's not connected at the hip with Rudy and MCEDA corruption.

Anonymous said...

https://brokercheck.finra.org/individual/summary/1039038.

He's had open case since 2014 that's never been reported before this one.


Anonymous said...

Is it time to arrest him?

Anonymous said...

3:42, Long past time - not just for this offense. Hell, if for no other reason, then just on general principles. Scumbag proved he would lie about anything if it advanced his personal agenda back in 2008; evidently it wasn't limited to just politics and also that his lying hasn't stopped.

Anonymous said...

just how do you attach deed restriction to property that you do not own. That is not even possible or legal. That is some dirty lawyering going one.

Anonymous said...

Fake town, fake deeds, fake voting records; is there anything real about this guy?

Anonymous said...

Cut the boy some slack. After all....he built a chapel.

Anonymous said...

this was the little republican pretty boy who ran for congress several years ago. he had a tv ad where he proudly stated that" im not a lawyer", as if that was some kind of dread disease. turns out he was not even registered to vote in the district he was running in. funny how these pretty boys love to malign members of the bar , but run straight to one of them after they get themselves into deep do-do.

Anonymous said...

david landrum...... the bozo who ran against gregg harper in 2008 , and it was proven he was not even a registered voter of the district he was running for. proof that the con job follows a fraud everywhere he goes. this poser cant run his own life , but he wanted to go to congress and try to run yours.

Anonymous said...

At the risk of sounding obtuse, what the hell are FINRA and PFS? Not all of us wear silk underwear.

Anonymous said...

Landrum ought to clean up that fence line at the intersection of Highway 22 and 463. He doesn't own it but neither did he own Livingston Church Road when he took possession of it.

Anonymous said...

June 16, 2018 at 9:15 AM, did that make you feel better? Because you don't know what you're talking about! I lived in Madison Co at the time. A former Hinds Co Elec Comm came to work in Madison. Took it upon herself to "clean up" the voter rolls based on her personal knowledge and so-call familiarity. The candidate and his wife were absolutely residents and legally registered voters of Madison Co and the District. The mistake was well publicized. The employee was reprimanded.
For the record, Livingston is a beautiful development that many enjoy.

Anonymous said...

ICYMI.....FINRA is the regulatory body which all brokers and broker-dealers
must deal with in the course of their investment activities. It's set up to
monitor brokers and their dealers via their compliance department. Of course,
it's much more complicated than what I just described.

PFS is Primerica Financial Services...his BD.

Anonymous said...

PFS - PrimeAmerica Financial Services and
His Superiors and Bud$ are in Canada
A long way From The $outh That Are
Conne$ted !
CitiGroup Of New York Now Owns
PrimeAmerica ( The Life Insuran$e Company
Who still Pays Him His Multi Level
Marketing Scheme Overide$
He Had More Violation$ Back in the 70’s
Than Ticks on A Hound ! Look it Up
Or Ask George Dale “
Those Political Donation$ Do The Trick
Even Today ....

Anonymous said...

Finra the New Name for The SEC Security’s
And Exchange Comm. Frowns on Outside
Bz Activities - Loss of License, Fines, etc.
Unless Someone is Getting Grea$ed. Ya
Think “
Canada Canada Where R U unless The Compliance
Compartment of PFS is Probably Getting
A XMA$ Card from Madison Ms.
Could he have sat under Lamar Adams
In his class “ Winning Friends And Influeuncing
Other$ - At Ole Ms. -

Anonymous said...

to june 18 at 1;56 pm.....
"for the record" this clown is a total fraud. i guess you failed to read what the judge said about his actions. it can hear this little pretty boy screaming right now....'everyone s lying except me!!!!!!!!!!!!!'

Anonymous said...

June 18, 2018 at 1:56 PM...The issue at hand was not whether he was a registered voter. The issue was that no record could be found of him having voted. When you run for political office, having voted consistently over the years is more important than having simply been registered. A raccoon in polka dot shorts can register. It takes thought and effort to get up and go vote.

But nice try...

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