Jackson Jambalaya

Is it "Ridgway" or "Ridgeway"
Noticed in the court document it is spelled both ways. ?

I certainly don’t know but would guess either
1. Dad has a serious perhaps fatal illness so is taking the hit for his son
2. Son is a total scumbag and is throwing his Dad under the bus

11:47, or Dad is the scumbag and seriously f*cked his kid. That's still an option on the table, right?

12:01. Good point. I should have had that as option #3

It will be easy to determine who was in on the scheme... follow their finances. Junior can’t claim ignorance while purchasing WAY beyond his W-2...

It's my understanding that RL has had issues over the years making payroll. Employees were paid by third party payroll company who would have to recoup it from RL after the fact.

@1:01- The only companies I know that utilize this type of service are those that got their asses handed to them by IRS because they weren’t competent enough to process payroll and pay required taxes. It’s a service provided at a premium. It doesn’t make much sense for a struggling company. Seems they’d be wiser to reallocate positions to allot for a competent payroll employee. Payroll and taxes are not rocket science!

Yes word on the street was Dad was going to try and take the fall for this.
I bet Junior knew a lot more than he is saying

So the allegation is that the son didn know nuffin?

No way no how could a smart guy have had a clue something might be wrong?


ALL RIGHTY THEN!

11:42, it should be Ridgway, without the "e", as in Richard. Fortunately, Richard's name has not been brought into this because he had nothing to do with it, hasn't been involved in the business since long before these problems started.

I still say there is a woman behind all this-

Kind of like the Walker's.

You know the old adage. “The Apple don!t (sic) fall far from the tree!”

2:19 PM

Hey Richard! Your time is coming.

Michael Wolf, who is a very good lawyer and a good guy, better start executing on this judgment like there is no tomorrow. I doubt that there are enough recoverable assets to come close to covering this judgment, let alone covering the (very likely) forthcoming judgments. Those HOAs that purchased fidelity bonds are going to be glad they paid that premium.

No fidelity bond coverage = good luck collecting.

Food for thought: what if Lakebend somehow collects on this judgment, over and beyond the amount of actual damages suffered by it? And what if that recovery comes at the expense of other victimized-HOAs NOT being to collect on their future judgments, if any, for actual damages lost? This is a race and a receiver of some sort should have been appointed for this reason.

Let's see..

Ah, yes a trip to the Federal Building and bankruptcy filings are in the future.

Timing wise, is it possible they invested the escrow accounts in the Lamar Adams Scam and this is where they blew up or did they just spend it? 13% would have been awfully tempting off those accounts.

Louis LeFleur is right. Ridgeway may have his faults but he is clean on this matter.

Where did the previous twenty posters get their legal training? Please clarify. Thanks.

Default won’t stand.

Wolf knew about defense intent...

Bad lawyering.

But he did make more work for....himself.

So he can bill to lose this issue.....

Aside from being rich and white, can someone explain to me how these two have not been arrested yet?

I agree with Macy Hanson that this is now a race. I really expected all of the HOA actions to be consolidated, with a case management order controlling discovery and setting pre-trial procedure/deadlines for all parties.

5:06, I'm not a bankruptcy lawyer, but I don't think a judgment based on fraud is automatically dischargeable in a personal bankruptcy.

Fear not 9:44, it’s coming.

9:44. Prosecutors are slow to act, if ever, if the dispute is being pursued with a civil claim. Wealth and race are irrelevant.

Just like with the Lamar Adams scam and the various parties involved there, these small-time scams/schemes/thievery don't often leave large pots of money from which to recover. Most of the time, those on the receiving end of funds are taking the funds to fund a "lifestyle" (be it status-symbol purchases, travel, drugs and gambling, and.or just overall "living large") not to be otherwise responsible investors and savers. The other people's money goes out as fast as it is taken from them.

I'm not sure about those comments regarding Lane investing with Adams, but assuming they have the slightest basis, again, the money is long gone - stolen by a thief and giving to another thief and hoping that Mills can eventually recover some percentage from parties that likely don't have it anymore either isn't an encouraging outlook.

The bottom line is that judgments against Lane could easily wind up being not worth the price of obtaining them.

@10:53

That is why any recovery against the Lanes will likely have to come from sureties; this is the whole point of requiring third-parties, like the Lanes, who handle other people's money to post such bonds as security from misuse or those funds.

Likewise, any meaningful recovery, if any, in the Lamar Adams timber Ponzi scheme will come from third parties: Baker Donelson, Butler Snow, and Trustmark, etc. I would be willing to wager that Allyson Mills obtains significant recovery (nine figures) from the third-parties in the SEC civil lawsuit.

Richard Ridgeway knew about what was going on. My HOA found 2 deposits (over $40,000.00) Richard Ridgeway made into our account back in 2004. We were having an audit completed and he knew the audit would discover the missing money.

Any update on this Kingfish