Is Jeffrey Taylor a forestry consultant or forestry consultant? Madison County resident Catherine McCarty sued Taylor Forestry and Jeffrey Taylor in Pike County Circuit Court on July 22. It is the third such lawsuit filed against Taylor this year.
Pike County Circuit Judge David Strong ordered forestry consultant Jeff Taylor to pay Ridgway Management $306,747 by July 9 yesterday. Ridgway accused Taylor of pocketing the money it was owed under a timber harvesting contract.
New South contracted with Ridgeway to harvest timber on Ridgeway's properties in Simpson and Rankin counties. The contract stated Taylor would act as Ridgeway's agent in handling payments and weekly settlement records for all timber cut each week.
New South paid Taylor but Taylor did not pay Ridgway. New South provided a list of checks that added up to $329,835 and were paid to Taylor. ....
Taylor must pay $100,000 to the plaintiff by June 28. Taylor shall pay the remaining $206,747 to Ridgway by July 9. If the judgment is not paid, Taylor will pay an additional $10,000 in attorney's fees and sit for a judgment debtor exam by July 19. Earlier post.
Ridgway filed a notice of deposition on July 17 so the judgment must not have been paid.
JJ reported on June 17 another lawsuit alleged:
Russell Jones engaged in three investment "agreements" with Taylor. Two contracts were for the purchase of timber while another contract was for improvements to land. Jones would harvest timber on two properties in Pike County. The plaintiff paid Taylor $200,00 up front for the harvesting. The complaint states:
9. In return for the first timber purchase, Taylor reimbursed Jones $85,000 of the $ 100,000. Taylor subsequently wrote Jones a check for $53,000 owed by Taylor to Jones for the first timber purchase and a return on the investment, but that check was returned by the bank for insufficient funds. Taylor still owes Jones not less than $53,000 in connection with the first timber purchase.I0. In return for the second timber purchase, Taylor has not paid Jones any amount or money, and Taylor still owes Jones the full promised amount of $140,000. Taylor has failed to pay Jones any of that amount.Jones claims Taylor owes him $193,000 under the timber harvesting agreements. There is also the matter of the land improvements contract.The plaintiff loaned the defendant $400,000 to buy two parcels that would be improved. Taylor agreed to repay Jones $400,000 and a $60,000 return on the investment. However, Taylor allegedly has not paid Jones any money under this agreement. Earlier post.
The total amount of actual damages alleged appears to be over a million dollars.
29 comments:
When my consultant's first check for $30,000 to me bounces, at a minimum that is going to conclude any business from me going forward until I get my $30,000.
Legally and morally the defendant is owed their money. However, it seems some common sense could have made this a much smaller problem.
Anyone know if Taylor sat for judgement debtor depo last week in the Ridgeway case? A bit surprised he hasn't filed bankruptcy yet.
I don't know a single Forestry Consultant that lets the money flow through their firm. All payments are made directly by the landowner to the vendor be it site preparation contractor, planting contractor, herbicide contractor or forestry consultant etc. The timber harvester pays the landowner, the landowner pays the contractors and consultant. It should NEVER be the other way around.
Morals ain't got shit to do with a contract. If morals were common, there would be no need for contracts.
9:15 but his is such a fine, church going, family man and handsome!
I would speculate Ms McCarty was a good and decent person who fell prey to this crooked bastards schemes. All she wanted was her timber cut and replanted.
He ought to have his nu-ts cut off with a butter knife and then weed eat the entire median of I-55 south for life.
Good candidate for the Lumumba administration.
The payment structure was all wrong from the start. I recently sold timber and the way it works is your timber agent collects bids on your timber. All the bidders go and cruise your timber and they submit a bid they are willing to pay. The land/timber owner then chooses which bid to accept, and a check for the FULL amount is tendered to the land/timber owner. The agent submits an invoice for his services (usually a small percentage of the sales total) and that's how it's done. The timber agent's incentive is to get the most for his client's timber, because he works for a percentage of the sale. If you encounter a timber agent who says he handles all the money, you should find another agent.
What is it about the forestry business that makes it such an attractive con? (I'm thinking about the Lamar Adams scandal, too).
every deal done around here is to see how you can screw over the next guy.
its just like what goes on in the arab world.
culturally , if one arab screens over another in a business deal, that only means he is smarter than the guy he screwed over.
thats the way it been in the arab wold for thousands of years. thats also why large portions of the economies of those countries are still floundering in the middle ages.
sounds alot like here in mississippi. ever stop to think that this ''screw the other guy'' mentality is one of the many reasons
mississippi is considered a 3nd world country by the rest of the USA and is last in every economic category?
the good ole boy plantation economy lives on.
My money is on Mike Hurst!
No water in Taylor’s well.
All these collection efforts are for naught.
Paying Phelps to chase this guy down? I'm very interested on the theory of collection here.
9:48 and 10:48. I made the same point in the previous article about this guy and was chastised by someone who is obviously more intelligent than me. Forester gets his commission from buyer. The landowner gets paid directly by the buyer. The replanting bill came to directly to me and I paid the invoice directly to them. Nobody’s hand touches someone else’s money. That system has yet to fail me.
11:08, of course Mississippi is pretty much dead last in every category, but we are nowhere near a third world country. Our per capita GDP is the same as the United Kingdom, and a little bit more than New Zealand and France. It’s about a third more than Spain, Italy, South Korea, and Japan, and quadruple that of Russia and Argentina.
Lumumba is hellbent on making Jackson a third world city, and so far his plan is working wonderfully.
Anyone know anything about what has happened in the judgement that as been issued against Mr. Taylor back in July ?
$306,747
Items 7 - 10 of the Complaint attached to this thread say that Taylor fraudulently altered the timber contract.
8. The Timber Contract requires Good Hope to make weekly payments to McCarty "for all Timber cut and remove the preceding week"
9. Taylor Forestry altered the Timber Contract and issued it to Good Hope Timber for Signature.
10. The Fraudulent Timber Contract included a provision requiring Good Hope to deposit $30,000.00 in escrow with Taylor Forestry at the beginning of the timber cut, rather than issuing payment directly to McCarty.
See items 8 - 10 in the court filing attached to this article.
I think that the attorneys pursuing collection need to be careful. It is quite foreseeable that their clients are all going to be competing creditors.
Why are there so many crooks in Mississippi.
to 7:56..............SEE COMMENT AT 11:08 for a complete explanation
August 1 1038, the bug outbreak last summer haa made lump sum sales a lot less attractive than they used to be. Pay as cut sales with sizable advances are at least for now, a better option for the landowners interests. But either way, no landowner timber sale money should go through the consultants account. There's rumors going around that this guy did this on a tract and took advances from 3 different companies and obviously only one of them got to cut the tract, but the other 2 never got their money back
Someone explain how he recently became Deacon at the Big First Baptist Church in Summit, Ms.
Does anyone know if he still has his real estate or forestry license?
He shouldn’t have a real estate license or forestry license. He should be in jail.
You are so right!!!I pray not because if nobody reads this he will probably do the next person like this. I don’t understand how it’s not on television to ask those questions.
Same as all the deacons
There is so much more to this story and so much money owed. I live in Pike County and it’s hard to believe. Where did all the money go? I head bad checks were written all over.
Where is the Daily Leader or Enterprise Journal on this? There hasn't been a whisper of this in any local news, meanwhile these Jackson Jambalaya links are being sent constantly around Sw MS.
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