Wife of businessman sentenced in $100 million Ponzi scheme divorcing husband, reaches settlement

Wife of businessman sentenced in $100 million Ponzi scheme divorcing husband, reaches settlement

The spouse of the Madison County businessman sentenced to almost two decades in jail within the state’s biggest Ponzi scheme is divorcing her spouse and has now consented to offer home owned by the couple to simply help repay her spouse’s investors.

Arthur “Lamar” Adams had been sentenced to very nearly twenty years in jail for a $100 million Ponzi scheme, the biggest into 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 because of the few.

In October, U.S. District Judge Carlton Reeves sentenced Lamar Adams to 19? years in jail.

Adams admitted in court that their company was a Ponzi scheme. Adams duped as much as 300 investors, including U.S. Sen. Roger Wicker, within the $100 million scam.

A week ago, Reeves approved money reached by Mrs. Adams while the receivership appointed by the court to attempt to recover a few of the money lost by investors. He additionally lifted a stay of action on Mrs. Adams’ divorce or separation, meaning she can now continue along with it.

Vicki Lynn Adams could not be reached for remark Monday.

Nonetheless, Mrs. Adams stated she had no knowledge her spouse’s company had been a Ponzi scheme before the FBI came across together with her spouse year that is last to him being formally charged.

The federal government settlement contract with Mrs Adams states:

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