Wednesday, January 9, 2019

Jailbird!

Lamar Adams began serving his 235-month sentence this week at a federal prison in Arkansas.



FCI is a minimum security prison in the eastern part of Arkansas. 


31 comments:

Monorail to Metrocenter said...

CNBC needs to do an American Greed episode on this scummy piece of garbage. Quite a step down from his country club digs. Maybe they'll let him put Yeti Cooler stickers on his cell wall to make him feel ta home.

So is Vivie still living large in that CCJ home that was paid for with stolen money? If so, when the hell will she be evicted?

Anonymous said...

Maybe Brent and Jon will join him soon. Until then, they're still collecting BD pay.

Are they seriously still employed by Baker Donelson? I guess the appearance of impropriety means jack shit when you're bringing in money for the fat cat partners that run the show.

"Oh, you swindled people out of millions? No big, as long as you bill enough hours that we get our bonuses and I can buy that tricked out F250 I've had my eye on."

Integrity? Ethics? Propriety? Honor? Probity? Ha! These are meaningless words at BD. They may use them to swoon big dollar clients, but when two of their own abet and promote the BIGGEST PONZI SCHEME IN MISSISSIPPI HISTORY, they turn a blind eye, do a little wink-wink, nudge-nudge, and sweep it all under the rug.

No one should give BD a nickel of business until they at least suspend these guys. But they won't. Not one partner there has the rectitude to do the right thing, apparently.

Anonymous said...

19 years? Wow - by the time he gets out he will be a master at Jeopardy, Ping Pong and Billiards.

Anonymous said...

I pulled him up on the federal inmate locator (Arthur Lamar Adams), but I haven't been able to find Guy E "Butch" Evans. Is he or has he been in prison yet?

Anonymous said...

I looked him up on the locator too, along with his cellmate Benjam "Ben" Dover.

Anonymous said...

I thought PERS was the biggest ponzi scheme in Mississippi

Anonymous said...

@12:49, how do you make a living?

Anonymous said...

12.49 is definitely Boss Hog.

File in a cake said...

When is Mike Billings going to prison?

Anonymous said...

"Squeal for me like a pig, boy!" -Deliverance

Anonymous said...

@12:49

So you didn’t get that job you wanted at BD?

Anonymous said...

Is he in the FCI or the camp?

Anonymous said...

@ File in a cake. Looks like Butler Snow is taking the rap for Billings.

Anonymous said...

Wow, lots of BD apologists here! The top brass must be handing out $100 bills for any employee who will post in favor of them.

Who needs ethics, responsibility to clients, and integrity when you have MONEY!?!?!?!?!?

Anonymous said...

all of you clowns talking about prison cells, big bubba, squealing like a pig and all your other trash talk, you dont know much about a federal minimum security prison do you? well got news for you, it looks like a junior college campus and is run just about the same way. granted its still confinement and ive never see anyone pull up and ask to voluntarily check in, and 19 years is a long time but if one has to do time, a minimum security club fed is as good as it gets. that place aint parchment farm .

Cynical Sam said...

I heard that Lamar's prison assignment will be inmate financial adviser and income tax preparer.

Anonymous said...

1:00 pm FYI - Guy "Butch" Evans has been in the Federal Prison in Yazoo City for quite some time now. They wouldn't even let him go to his own father's funeral. He is paying his dues. Enuff said!

Anonymous said...

@7:31, speaking from experience?

Anonymous said...

to 7:34......no, im just alot more intelligent than the clowns on this thread.

Anonymous said...

butch evans has 30 days left on his sentence and is currently at a 1/2 way house. all the punks that talked trash about him will have the opportunity to go say it to his face in 1 month. im betting not a single punks tries it.

Anonymous said...

Baker Donelson has like 800 attorneys in major cities. I seriously doubt anyone at that firm gave a sh*t about two yahoos from the Jackson, Mississippi office.

Coach Mullins said...

Dear 7:31am...

Parchment is a writing material made from animal hides.

Parchman is a town in Mississippi where the state penitentiary is located.

Know the difference.

SWGAS said...

I seriously doubt anyone at that firm gave a sh*t about two yahoos from the Jackson, Mississippi office.

Two yahoos that assisted in fraud perpetrated toward partners and clients and have exposed the firm to federal penalties by using firm resources and offices to promote their scheme.

The idea that nobody gave a sh*t (as you so eloquently put it) is not a ringing endorsement of that law firm's leadership.

Anonymous said...

January 10, 2019 at 9:12 AM wrote:

"Baker Donelson has like 800 attorneys in major cities. I seriously doubt anyone at that firm gave a sh*t about two yahoos from the Jackson, Mississippi office."

Yes, Baker has lots of attorneys in multiple cities, and while it is almost certain that many of them didn't know Alexander from, pardon the analogy, Adam(s), many or most were probably familiar with Seawright as he was on the firm's management committee. The idea that most of them knew what either were up to with regard to Adams' scam is silly and the idea that "the firm" knew all about it and chose to take the relative chump change in spite of that knowledge is beyond silly.

All that said, I suspect the lawsuit has gotten the attention of many at Baker, however. That many did not know anything about any of it may well get them out of any personal consequences, under the circumstances as charged in the receiver's complaint, it wouldn't help much with the firm's liability. I also suspect (and hope) that several firm policies and procedures have been dramatically changed as a direct result of this situation. While Seawright still being there isn't terribly surprising, Alexander still being there is somewhat surprising to an outsider looking in with only publicly-released information.

Regardless of the legal consequences, nothing touching, or really, tainted by, this will be a highlight in the firm's resume.

Anonymous said...

Wrong about Butch Evans. He is at the Forrest City facility in a different area than Lamar Adams. Butch has two months left.

Anonymous said...

Y’all have no idea how big Firms work.

Fortune 50 companies will not keep a firm whose executive leadership failed to make as much as a phone call to a timber mill to ascertain that it exists.

Lawyers have left and will leave as business moves.

Will it ruin them? No,

Will it be a painful stain as ALAS is called upon to pay some % of 85,000,000? You bet your ass it will.

And if you’ve never heard of ALAS....you need not comment.

Anonymous said...

@9:37, which big firm are you with?

Anonymous said...

January 10 at 9:37 PM mentioned ALAS.

It will be interesting to see what ALAS does in this situation. Baker is a "member firm" (it also appears that John Hicks of Baker is on the board) but I don't think either Butler Snow or Fishman Haygood are. In any event, it would seem the liability, if any, of each firm would likely be limited to losses directly resulting from their actions, not the entire amount lost by everyone - UNLESS - Adams' used Butler's or Baker's role and at least tacit approval/endorsement to promote it to non-clients AND Butler or Baker knew he was using them as a reference. Based upon what is known/charged, it would seem Butler's liability exposure as a firm is greater than Baker's and Butler isn't insured through ALAS, that'll be at least two insurers fighting making a payment. Plus, there is the question of coverage. As far as I know, there is no "GN & WS" (gross negligence & wanton stupidity) coverage offered by any insurer. If any of this winds up before the (State) appellate court, I'd bet the MSSC retains it and there is some new MS case law.

It might be very interesting to discover which clients, if any, of each firm made or lost money and when it was made or lost. Of course, it would be very interesting to see a complete list of every "investor" showing who made or lost what/when. Granted, in a Ponzi scheme, the early "investors" normally make money because that is how it works, so the mere fact that early investors who happen to be clients of Baker or Butler got returns isn't proof of anything, but if later "investors" who were clients of either firm didn't get hurt as bad as non-clients or if they suddenly stopped "investing" safely prior to the collapse, that could make things interesting.

Anonymous said...

The facts will answer these questions. Wait on them.

Anonymous said...

Sworn facts, not alleged facts.

Anonymous said...

"Sworn facts, not alleged facts."

DAMN! Is it April 1st ALREADY?!

At this point, things in pleadings are better referred to as "allegations" or "charges." For those who might be confused by that remark, "sworn facts" are always (well, when competent attorneys are involved) accompanied by language such as "information and belief." In other words, if it turns out the swearer is incorrect in the facts they have sworn, in common terms they have an "out" by claiming "I believed it was true at the time I swore it was true..."

Basically, the alleged facts may be sworn to and the person may really believe them to be true, but at the end of the day, until a court finds those allegations to be facts, they are not facts in the legal sense.



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