Jackson Jambalaya

Popcorn!!!!

Need more Popcorn!!!!

At this point I’d pay Lamar..... In cigarettes of course.

When this girl gets through, there might be enough money to make everybody whole!!!!!!!

Bankplus Wealth Management And CFO! Bring the house down

I’m taking the poster of Stewart Patridge down. Puttin. Chad kelly up

Confucius say: The bigger they are, the harder they fall.

Confucius also say: If you Ole Miss fan, blame all shit on Mississippi State. All evils and bad act must to be blame on school to south. That natural and you milk it for years.

SEC...SEC...SEC....

Can’t wait to hear the Baker Donelson partners post their “ clean hands” nonsense,now. Have these firms advised their clients that got scammed to seek legal representation elsewhere? They have a duty to mitigate for their clients even if it implicated them. They are conflicted with every client even loosely involved in this matter and must recommend that their clients get outside counsel. These law firms and financial outfits are exposed both civilly and criminally. Notice the Rico designation in the pleading. Rico changes everything. This is getting interesting. Someone other than Adams is cooperating. We should know whom soon.

I’ve said from the beginning that the Baker was the only group I knew actually “pushing” it. I missed the Butler guys, I do like Matt, but he isn’t an atttorney. And certainly didn’t see Bankplus coming, but great to see truth come out. Can you explain to non-attorney why RICO changes everything?

Where is the dumbass who says you need not record a deed?

RICO provides for treble (triple) damages. It’s a money grab the same way the ACLU operates for civil rights violations....treble damages.

Appears BankPlus reported the issues to the Feds (Sec 65 in the complaint) This was in 2015 so if there is issue with the fraud, it’s because the government didn’t act more timely on the SAR, which was properly and timely filed. The losses occurred because the government failed to act timely on the SAR filed in 2015, which was 3 years before charges were filed. The investor losses were incurred during those years so why isn’t the Receiver looking to the government for their lack of action when suspicious activity was properly and timely reported? wonder if Trustmark also filed SARs? Maybe the real issue is the Justice Department didn’t properly follow up when suspicious activity eas reported and they allowed reported fraud to grow until it’s an easy case for them?

SAR’s are supposed to be confidential. A Treasury department employee that leaked one to the press on Paul Manafort is awaiting sentencing now for disclosing it. So, how is the existence and particulars of one in this case known?

Bankplus won't pay a dime. This is a stretch.

Banks of that size file several thousand SARS. If the CFO, head of wealth management saw emails such as the above, and did nothing....bye

It’s becoming clear the real scam artists are cutting deals to point fingers at third parties hoping to keep their thieving asses out of prison...also maybe keeping some of their ill gotten fortune. Kelly only gave up 2MM to settle after recieving a whopping 9.7MM (commissions)????

With these emails from within the bank....I do not know how BankPlus avoids paying lots of money.

I used to like this bank.....hell I bank there now.

Not that it matters much but that’s about to change

Bullshit! RICO is a federal crime statute. The ACLU is simply a race-baiting group of misguided young lawyers supported by liberal contributions. Can't imagine why anybody would draw a comparison of the two.

Why does a receiver have to be paid millions of dollars to sort through this mess when you geniuses figured it all out for free? The facts and the law just confuse things. Much easier just to speculate and pretend to be smart.

Ummm, it was speculation the first week.


A year later, these are facts and the real players of a fraud scheme that impacted hundreds are coming to light thanks to the receiver. I remember talking to bankplus folks early on that were pointing fingers.

Thanks to receiver and Kingfish

the mississippi state humanoids are now happy and thrilled . they now have a former ole miss football player they can tie to the adams case. now they can blame it all on ole miss. proving once again nothing matters more to the eternal sophomores of mississippi than chicken manure college football.

Attn 9:39 The perpetrator was an avid Ole Miss fan. The salesmen were Ole Miss former football players or fans and/or alumni. I suspect most duped investors were Ole Miss fans. Probably most of the lawyers involved were Ole Miss alums. AND YOU DRAW SOME CONNECTION TO MS STATE. Find something else to carp about like "where do we need to move the statue" which was dedicated to soldiers who died for their country.

I grew up and lived in Mississippi most of my life but kept my eyes and ears wide open. In general Mississippi folks are very dumb and fall for every scam that has been used in other placed many times. Too much value placed on personal contacts and not enough on research.

@9:32, allegations in a complaint are not facts.

A line from my newest fable. “The cats go astray when the mice pay.” This a is a fable about our Attorney General and federal prosecutors who talk tough about prosecuting crooks.

Once upon a time, in 2015 the feds knew about this crime and sat on their hands. The AG knew and did nothing. Meanwhile the citizens are being criminally defrauded of millions for years while the criminals still ride the roads in luxury cars, guzzle expensive wine and sniff designer substances as they strut the halls of the Capitol. Every day they continue to wield their influence over the corrupt officials who turn a blind eye to those violating state and federal law.

TO THE PERSON WHO POSTED ON THIS BLOG TO “WAIT AND SEE” HOW TOUGH THE AG WILL BE ON THESE CRIMINALS AFTER THE FEDS FINISH. THAT PERSON IS PERPETUATING THIS FABLE OF OUR AG BEING TOUGH ON CRIME.

THE CURRENT AG WILL DO NOTHING TO PROSECUTE A SINGLE ONE OF THESE WHITE COLLAR THUGS BEFORE HE LEAVES OFFICE OR AFTER.

Which candidate to replace the AG has weiged in publicly on this outrage? None of them. Those candidates have been quiet as a church mice, and they all will continue to cower before the big spenders in political campaigns. Might be interesting to see which candidates for every office took or is taking money from BB and BS partners and employees.

This proves that we need a recall law on the books whereby we can throw these criminal enablers out of office when they let rich criminals pick our pockets and walk the streets for years.

@8:12 AM - Yo bright spark, RICO is both criminal and civil.

Before you open your big pie hole and start posting, do your research.

Well, maybe you require a little tutoring, so because I believe in being charitable to those less capable in their cerebral function:

18 USC (that means United States Code, Mr. Rocket Surgeon) 1961-1968 (hint: those aren't years).

Someone other than Adams is cooperating. We should know whom soon.

I think several people are. Ms. Mills in several of these filings has used quotation marks without naming sources. And the quotations seem to be from people who had intimate knowledge.

I will never understand why the people here are so obsessed with Ole Miss and Mississippi State, and desperately try to work that rivalry into every blog post. It's embarrassing that we have such small minded, dumb people in this state.

11:07 hmmmm...people squealing so as not to go to prison, promoters would be next in line to serve time, who has not shown up in litigation lately......that’s who is talking.

Seems like much of this complaint is based on testimony from the top layers of this pyramid scheme, who made absurd amounts of money lying and manipulating potential investors. Clearly they were pretty good at lying, why should anyone believe their accounts of events and conversations when they are deparately trying to cut deals and decrease the amounts they are required to pay back to the receiver?

@12:05 PM - Why believe them? Because of collaborating evidence. Look up Title III USC.

ATTN 12:21 Another Ole Miss law graduate showing his or her vast legal acumen!!!

Gigi (Chi Omega) and Jimmy Patrick (SAE) are both Mississippi State grads. Became Rebels when MSU did not recruit Stewart, but Ole Miss did.

@12:05
Is collaborating evidence stronger than corroborating evidence?

@12:21, are you saying you have personal knowledge of relevant wire taps? I doubt it.

All those named by Ms. Mills need to make an early run on the Vaseline. Especially some of the named “pretty boys”- you will be much in demand in the BOP system.

@1:08 pm, you realize the receiver is just suing to recover money, right? She doesn’t have any criminal prosecution power.

For the longest time we were the Rebels. Then we tried to be the Black Bears. You should have realized something was up when we became the Landsharks. But now that you realize our defense and the Land never really existed, we should just call ourselves the Timberwolves. We can only hope this ends with BankPlus. God save the Mannings!

Appears BP did what they were suppose to do. Did the promoters know it was a charade or were they also fooled.

Lol, did what they were supposed to?

They gave office space to Madison timber and referred their clients. Literally their CFO helped along with wealth management.


I’m sorry, that’s ignorant.

Somehow, someway I am thinking Hugh Freeze is involved! Hehe

Is Gee Gee still the COO at Bankplus? I'm guessing the answer is yes, just like Alexander and Seawright are still at Baker D. Any change might indicate guilt on their part. Personally, I think they should clean house with all associated with this mess.

to 11:15....people here are obsessed with ole miss and MSU because nothing means more to them than being one of the beautiful people of the SEC.

It's interesting how none of this is covered in the traditional media. The Clarion Ledger is dead but what about the other media outlets? Where are they? Thank you JJ for keeping us up to date on developments in this case. I love reading the actual complaints. The facts are against Bankplus are strong. Punitive damages? I wonder if the regulators are asking questions? Certainly a risk factor they should consider when evaluating safety and soundness.

Hey 11:04. Does Ole Miss offer a “Rocket Surgeon” degree?
Are there a lot of rockets that come in for surgery?
At MSU we have a lot of aerospace engineers that go on to be Rocket Scientists.
Sometimes being such a smarta*s is tough for some people.
Glad to see you are so good at it.

Mills is working through civil courts, when you start seeing RICO in her pleadings you can rest assured, RICO criminal charges will result. It broadens discovery and damages. Because each of the witnesses are crooks, corroboration is a must. One other major actor and a couple of low level observers ( assistants, paralegals notaries etc) should suffice given the physical evidence. The law firms are circling their wagons. Thornton and the non-lawyers would be wise to cut a deal. When this happens, the firms will start pointing fingers at the other. The litigation tab will be 100’s of thousands for each individual and will string along for years. The government will have both federal and state cases both civilly and criminal. The IRS will have their day in court. Outside plaintiffs will take the governments findings and file their own cause of actions. Insurance, bonding and underwriting outfits will be suing to get out of their exposure by establishing fraud. Just a guess 6 years of trials and 5-10 million in legal fees cumulatively.

11:41 I agree with what you say except the part about proving fraud and escaping coverage. The lions share of the covered claims will eat the need for fraud claims excluding anything. It would be an exercise in futility though technicality correct.

To me the most interesting aspect is the overlap and of clients from banks to law firms.
Once the law firms knew or should have known about this scheme their duties to their clients to stop this scheme will inundate their best legal defenders in a quagmire or briefs.

I bet the major insurers are collectively meeting right now to fashion a remedy.

11:41 you are exactly right. Receivers can't do criminal, but government can, based on the information gleaned by the civil case. I cannot imagine the collective knots in each "players" stomach right now. I think 6 years is being kind. Hundreds will be suing everyone involved in this scheme for years to come.

Why is the list of victims being kept secret? Who is being protected beyond Wicker? Must be some big dogs.

What was there for the bank or any of the law firms to investigate? Madison Timber made every principal and interest payment for more than a decade.

"What was there for the bank or any of the law firms to investigate? Madison Timber made every principal and interest payment for more than a decade."

Wow. No wonder Adams was able to do what he did. Ponzi schemes, by definition, do that very thing, often for years, until the whole thing crashes.

Let's distill this down to simple yet analogous terms: if someone touted to you they could buy meat from Walmart at retail prices and then, turn around and sell it all to Kroger at a fixed profit of over 25%, day in day out and regardless of market conditions, but because you are special, they'll cut you in for half, would you whip out your checkbook and "invest" without the slightest hesitation or investigation/due diligence?

If a legitimate business with actual accounting records, etc., would have had the arrangement and returns Adams claimed he had, any number of banks would have been glad to lend him as much as he needed at the scale of this thing (at most, a few million at a tranche). The mere fact that he was seeking "investors" on something that supposedly paid that well with only millions in play should have been cause for careful inquiry. Even if something limited bank willingness (a past legitimate business failure/collapse, etc.) to lend, but the deal was legit, any number of individual investors would have wanted the whole package.

@12:16, you made my point. Nobody but the crooks knew until the scheme imploded. Your hypothetical is not at all analogous. Madison Timber had accounting records. It had timber deeds, albeit forged. It paid notes for more than ten years. The interest rate on the notes was good, but there are tons of comparable private equity deals available. Plenty of businesses combine private equity and bank loans. I repeat, what was there to investigate? What other “careful inquiry” would have mattered?

I tend to agree, but when a bank exec is involved, especially after email complaints, That’s pitiful. And where was her boss

To March 24, 2019 at 12:57 PM: I could not have made your point because you don't have one. I wish you luck and mercy in your investing future.

I see Randy Shell, Pinnacle Trust Senior Vice President, was on the Madison Timber Referral List. Haven't heard any more about Pinnacle's involvemen. Was Randy diversifying Pinnacle funds into timber investments? Will the Receiver claw back any "interest" Pinnacle received?I

KF / thank you for providing Pollard’s sermon on ‘Blessed are the merciful...’ We should all listen and consider the messages from the Sermon on the Mount as we approach the Easter Season.

11:04 Be Sayin': @8:12 AM - Yo bright spark, RICO is both criminal and civil.Before you open your big pie hole and start posting, do your research.Well, maybe you require a little tutoring, so because I believe in being charitable to those less capable in their cerebral function:

Thanks for tutoring me, but the basis of my post was to call you out on your comparing the ACLU to RICO. I also posted that RICO is federal, which it is. Further, I said RICO is in no way affiliated with, compared with or similar to the ACLU. Not sure why you grasped at that straw-comparison.

And thank you for telling us treble means triple. Glad you took that rocket surgery course. It would have been cheaper to have bought a fishing plug - You'd have learnt the same thang.

Manning with another interception!!!

10:57
Because...During the last 10 years 10% interest was nonexistent, the timber market was (is) at a low point, you were told not to file your deed, you never put eyes on what they were selling

“It’s more than a promise, it’s an ass reaming ripoff!

right out of the gate , before all you genius s begin debating RICO, the ACLU and bank plus, take look at what adams was purporting to be selling . he was pretending to sell TIMBER, a/k/a LUMBER. TIMBER AND LUMBER ARE COMMODITIES. ever hear of the commodities market? thats where lumber, corn, rice , eggs, cattle, and pork bellies a/k/a bacon are sold. one constant about commodities is that they are about the most unstable and unpredictable investments there are. they are subject to wild price fluctuations . any body with half a brain should have known this from the beginning, especially when adams was promising double digit returns. this entire train wreak only proves how many stupid and insanely greedy people there are in the third world republic(can) of mississippi. your esteemed senator wicker, who, according to you people, pisses perfume, even fell for this. what does that say about how smart he is? and hes out there running the county. god save us!

Lamar doesn't look as smug in his recent madison county detention center mugshot which for some reason is where he is currently housed. This might be an opportunity for some of those duped to get a face to face with him.

You left out the frozen orange juice market.

https://msbusiness.com/2017/07/gee-gee-patridge-elected-mississippi-bankers-association-board-directors/

So, that’s fun. Things keep going like this & the darned FDIC might have some job openings come up.

Do banks have insurance coverage for events like this (BankPlus)?

"I will never understand why the people here are so obsessed with Ole Miss and Mississippi State, and desperately try to work that rivalry into every blog post. It's embarrassing that we have such small minded, dumb people in this state."
March 23, 2019 at 11:15 AM

Amen! The mentality you've described, is a big part of why our children left, and urged us to follow. We DID. We're GLAD we did.

Why is Adams in a Madison County Detention Center?

“Stewart allegedly became rather so lackadaisical in his work that Cowgill often did his work for him.” Mills knows what was going on and should be ashamed of herself for including this in the filing. Attacking someone with serious mental illness is just sick.

Please explain

Four days now and media has completely ignored this story. Interesting

7:32: Who is mentally ill? Or, is being lackadaisical considered an illness? Maybe you’re being facetious.

According to the Receiver Reports, in the last year of operation by Madison Timber: $164.5 million was raised in and $85 million was paid out to past investors. Total lost funds: $79.5 million.

The Receiver has in hand about $3.8 million. She says Billings, McHenry and others were paid $16 million in commissions. Adams and partners had net equity in real estate worth about $3.5 million. All that adds up to $23.3 million.

Where is the missing $56.2 million??? The Receiver has not located much of the missing money.

1:34 Good Lord Rookie keep up. It was paid out in bogus commissions.

Not a bad gig for Tk. Stole 7 million settled for 2 and no jail time.