William McHenry of Lamar Adams fame is back in trouble again after a federal grand jury indicted him for a wee bit of perjury in his bankruptcy case.
Lamar Adams pleaded guilty in U.S. District Court to one count of wire fraud last year. The Justice Department said in that case Adams defrauded 320 investors of more than $164 million in a ponzi scheme that sold phony timber investments. The Court sentenced Adams to serve 235 months in prison. The SEC accused Lamar Adams of operating a Ponzi scheme that defrauded 150 investors out of more than $85 million since 2005, in a lawsuit filed in U.S. District Court on April 20. The SEC said Adams sold bogus timber rights, deeds, and promissory notes guaranteeing 13% interest rates. Enter William McHenry.The Justice Department accused McHenry of recruiting investors for Lamar Adams. A federal indictment for securities and wire fraud alleged he "fraudulently obtained" well in excess of $18 million from more than 25 investors in multiple states. However, the case went to trial and the jury found McHenry not guilty. Earlier post.
McHenry's troubles continued despite the acquittal. Madison Timber Receiver Alysson Mills filed a motion for contempt in 2023 against McHenry in federal court. The Receiver had obtained a $3.5 million judgment against McHenry in her clawback lawsuits. The Court found McHenry in contempt and threw him in jail in September 2023 after he failed to pay $31,450 to the Receiver as ordered. Earlier post.
U.S. District Judge Carlton Reeves ordered his release after he paid $31,450 as week later.
The bankruptcy was discharged in 2023.
The Justice Department picked up where Mills left off in March 2025. The federal grand jury indicted for making false declarations before a grand jury or court. McHenry allegedly concealed income during his bankruptcy. The indictment states:
The maximum penalty is 5 years in prison and/or a $250,000 fine. The case is assigned to U.S. District Judge Daniel P. Jordan, III.
8 comments:
Throw the f'ing book at this scumbag. He got off light initially. Boy he looks rough.
I purchased a sweet Russian SKS from Vans several years ago.
Do the FFL gunshops keep records of serial numbers, buyers, sellers of guns? (asking for a friend!)
Ooops!
Should a person under examination in a federal bankruptcy hearing assume that the examiner will sometimes ask qustions they already know the answers to?
OOOPs!
He will be dead long before a trial on this crap….hes had his fun….now he gets to leave a treasure map to entice people to find his loot!
slimy-
Considering that this is the center of the Bible Belt, why so much white collar crime? Skipped out on VBS?
This guy originally out of Greenville?
Where is he today?
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