Mississippi Secretary of State Gibbit Hosemann issued the following statement.
A
website created by a court-appointed receiver and aimed at
providing information to defrauded investors in the multi-million
dollar Ponzi scheme involving Arthur Lamar Adams and Madison Timber
Properties, LLC, is now accessible at
https://madisontimberreceiver.
Potential
investors also received letters this week from attorney Alysson L.
Mills of Fishman Haygood, LLP, who was appointed receiver of Adams’ and
Madison Timber’s estates
by a federal court in June 2018, and from the Securities Division of
the Secretary of State’s Office. The Secretary of State’s Office is
working cooperatively with Receiver Mills to solicit additional
information from investors to aid in a timely recovery
of funds and assets for the benefit of defrauded investors.
“One
of the most important things investors can do right now is preserve
financial records and documents. This includes agreements, letters,
e-mails, or checks, or anything
else in writing relating to an investment in Madison Timber,” Secretary
Hosemann said. “Our collective goal with Receiver Mills is to identify
losses and gather assets of Mr. Adams and Madison Timber.”
The
new website includes responses to frequently asked questions from
investors, contact information, and official Receiver Reports. The
first Receiver Report is due to the
federal court on August 21, 2018.
Court filings from the related federal criminal case
United States v. Adams, No. 3:18-cr-00088 (S.D. Miss.) and federal civil case
Securities and Exchange Commission vs. Adams, et al., No. 3:18-cv-00252 (S.D. Miss.) are also available on the website. Receiver Mills’ work is independent from these cases.
For more information or to share information which may lead to the recovery of funds or assets, visit
https://madisontimberreceiver.
·
Toll-free number: (833) 832-9400
·
Email:
info@madisontimberreceiver.com
·
U.S. mail: Allyson Mills, Receiver; Fishman Haygood, LLP; 201 St. Charles Avenue, Suite 4600; New Orleans, Louisiana, 70170
For more information about the Secretary of State’s efforts, or to report an alleged State securities law violation, visit
www.sos.ms.gov/securities or call (601) 359-1334.
8 comments:
Damn - good ole Hibbert, having been kicked in the are by the Judge, is still working hard to seem relevant in this process. Didn't do a damn thing before the frauds exposure, but now is pushing hard to get in front of the band and pretend to be leading the parade. Should be able to do so since he has had so much experience in doing so in each and everything this narcissistic ego-driven pol has done since moving into the Ladner building.
Goobert Hoseman is nothing but a beanpole yellowhammer, useless.
Beanpole yellowhammer?
Any word on additional indictments? Feel free to speculate as always...
I wish I would of been able to scam some of them. All it takes is a outward love for Ole Miss and trading stories about Van Morrison concerts.
Attn 4:02 Adams never enrolled at Ole Miss. He used stolen money to join elite charity clubs and went from there. As far as I know, he finished high school and not much more. It's a shame he didn't choose Ms. State, but I think his wife had some connections there.
Since Qbert is behind it, is the site called "Y'all Timber Scam"?
I saw a pair of Louis Vuitton black velvet slippers listed on eBay. I wonder if Mike Billings is liquidating.
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