Wife of businessman sentenced in $100 million Ponzi scheme divorcing husband, reaches settlement
The spouse of the Madison County businessman sentenced to almost twenty years in jail into the state’s largest Ponzi scheme is divorcing her spouse and has now consented to offer home owned by the few to aid repay her spouse’s investors.
Arthur “Lamar” Adams had been sentenced to nearly two decades in jail for the $100 million Ponzi scheme, the biggest within the state’s history. (Picture: Jeff Amy, AP)
Vickie Lynn Adams happens to be hitched to Arthur “Lamar” Adams since August 3, 1978, and it is the one-half owner of home owned by the couple.
In October, U.S. District Judge Carlton Reeves sentenced Lamar Adams to 19? years in jail.
Adams admitted in court that their company ended up being a Ponzi scheme. Adams duped as much as 300 investors, including U.S. Sen. Roger Wicker, within the $100 million scam.
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