Friday, July 31, 2020

Receiver Reaches Settlement W/Pugh in Lamar Adams Case


It appears another settlement is in order in the Lamar Adams case.  SEC Receiver Alysson Mills asked a U.S. District Court to approve a settlement for $183,002 with Bradley Pugh. 


The SEC is trying to claw back illegal profits earned by Lamar Adams and  promoters of a $164 million Ponzi scheme based on phony timber investments.   Receiver Alysson Mills represents the SEC in recovering assets for later distribution to the victims.  Her efforts include suing promoters who received commissions as well as the Butler Snow and Baker Donelson law firms.  Adams is incarcerated in federal prison after he pleaded guilty to one count of wire fraud.

The motion states Pugh earned commissions of $183,002 for selling the phony timber investments.  Pugh will repay the commissions per the agreement:
Mr. Pugh shall execute a promissory note in the original principal amount of $183,002.66 due and payable in three years that may be prepaid in the amount of $100,651.46 (55% of the total “commissions”) if paid in 18 months or $137,252.00 (75% of total “commissions”) if paid in two years.
The motion and proposed agreement are posted below.  The case is assigned to U.S. District Judge Carlton Reeves.

























17 comments:

Anonymous said...

So if he pays it off early, he gets to keep 50k which is probably 10% of what he pocketed.

When does she hit up McHenry for the same? His earlier acquittal won't affect her clawing-back his 'earnings'.

Anonymous said...

Why has Hurst seemingly backed off the two main guys? Neither appear to have had any of this matter falling apart affect them in any way. I would not think that Hurst would be beholden to either of them (the lawyer and the lobbyist) through any type of social connection, but something seems afoot. If those two clowns walk, all of you "jackson is lost" folks can look in the mirror and congratulate yourselves.

Anonymous said...

I wish all the promissory notes I have signed in the past had"discounts" like this one.

Anonymous said...

Gotta get enough to cover her fees. The true victims are SOL.

Anonymous said...

Way to go!

11:32 green is an ugly color on you

Anonymous said...

Ridiculous! Proving once again that white collar crime pays handsomely.

Why in the hell should this crook get a discount like that and/or three years to pay off what he stole from investors.

Makes you think that stealing a couple of million dollars and paying half back isn't such a bad deal.

Anonymous said...

May be better finance rates than banks offer! LOL What charges stay on their records after paying these fees/fines?

Anonymous said...

Why is he a crook?

Anonymous said...

The effective yield on the note discount is better than what Adams ever would have paid.

Anonymous said...

Damn! I need a lawyer who will settle my debts for 55 cents on a dollar.

KF- who was that lawyer in this case?

Anonymous said...

McHenry still lives high in his big house at Deerfield, driving his very late model F250, bullying people he stole from, without a care in the world. He has a yard full of tractors and high dollar utility trailers, and is still trying to sell people property he doesn’t own. Hopefully the MS Attorney General will take a harder look at him than the feds have. His victims deserve justice and compensation now!

Anonymous said...

It’s a hoax!

Lamar never stole money.

Fake!

Sheeples believe anything!

Qanus

Anonymous said...

He doesn't have to pay for the fact that most investors were greedy and dumb, that's on them. I invested a couple thousand in a snow ball stand, lost it all wasn't nobodies fault that I was a dumbass to open a snowball stand in the fall.

Anonymous said...

It looks like the judge has set the bar.

Anonymous said...

I personally know some of the offenders who agreed to and at least at this point have partially paid back 100% of their commission fees. What is going on?

Anonymous said...

9:56

The documents show the attorney to be Joseph “Whit” Cooper of the Farese Law Firm.

Anonymous said...

Something smells a little fishy in this deal. Whatcha want to bet that Farese Law Firm and Ms. Mills are buds. There's a connection somewhere. Bradley got himself a sweet deal some kinda way.



Recent Comments

Search Jackson Jambalaya

Subscribe to JJ's Youtube channel

Archives

Trollfest '09

Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).


Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.


In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.


Note: Security provided by INS.

Trollfest '07

Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

Note: Security provided by INS
.