<title>Wife of businessman sentenced in $100 million Ponzi scheme divorcing husband, reaches settlement</title> <h2>The spouse of a Madison County businessman sentenced to almost two decades in jail within the state's biggest Ponzi scheme is divorcing her spouse and contains consented to offer home owned by the few to greatly help repay her spouse's investors.</h2> <p>Arthur "Lamar" Adams ended up being sentenced to very nearly two decades in jail for a $100 million Ponzi scheme, the greatest into the state's history. (Picture: Jeff Amy, AP)</p><!--more--> <p>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.</p> <p>In  U.S. District Judge Carlton Reeves sentenced Lamar Adams to 19? years in prison october.</p> <p>Adams admitted in court that their company had been  a Ponzi scheme. Adams duped as much as 300 investors, including U.S. Sen. Roger Wicker, into the $100 million scam.</p> <p>The other day, Reeves authorized money reached by Mrs. Adams and also the receivership appointed because of  the court to attempt to recover a number of the cash lost by investors. He also lifted a stay of action on Mrs. Adams' divorce or separation, meaning she can now proceed along with it.</p> <h2>Monday Vicki Lynn Adams couldn't be reached for comment.</h2> <p>But, Mrs. Adams stated she had no knowledge her spouse's company was  a Ponzi scheme through to the FBI came across along with her spouse year that is last to him being formally charged.</p> <p>The federal government settlement contract with Mrs Adams states:</p> <p><ul>   <li>The receiver shall retain all home of any description or type obtained by Mr. and Mrs. Adams through the date of these wedding through the date the contract is performed, save assets individually obtained by Mr. Adams or Mrs. Adams off their sources.</li>   <li>The Adams home in northeast Jackson shall be offered, aided by the first $200,000 of net profits allocated 50 per cent into the receiver and 50 per cent to Mrs. <a href="https://brightbrides.net/review/silversingles/">https://brightbrides.net/review/silversingles/</a> Adams, the second $20,000 of net proceeds allocated 100% towards the receiver, and any proceeds that are net more than $220,000 allocated 90 per cent to your receiver and ten percent to Mrs. Adams.</li> </ul> </p> <h2>Hinds County taxation documents have actually the property appraised value at $304,310.</h2> <p><ul>   <li>The Adams' condo in Oxford, will probably be sold, using the $ that is first of net profits allocated 90 % towards the receiver and 10 % to Mrs. Adams, and any web profits more than $145,000 allocated 50 % into the Receiver and 50 per cent to Mrs. Adams.</li>   <li>The 2018 Lexus LX 570 en   titled when you look at the true title of Mrs. Adams will probably be offered, with 65 % regarding the profits assigned to the receiver and 35 % associated with product product  sales assigned to Mrs. Adams.</li>   <li>The Hartford lifetime and Annuity insurance provider Policy, No. IU3153772 will be liqu ,3,3, 2,6'></p> </ul> <p>Mrs. Adams will retain ownership of checking reports at Community Bank, but will launch to your receiver any ownership or any other interest she might have in every other checking, cost   savings, cash market, or  other banking or brokerage accounts now or formerly maintained when you look at the true names of Mr. Adams, Madison Timber or perhaps the every other entity where the receiver has a pastime.</p> <p>Alysson Mills, the federal receiver appointed by Reeves, has filed case and taken other actions to to try to recover a few of the investors' money.</p> <p>Ole Miss came back a lot of the $402,100 written by Adams into the Ole skip Athletic Foundation within the previous decade, Mills stated. Ole skip came back every one of the cash except $52,264, which Mills stated inside her report that Adams had gotten in “tangible advantages,” including events seats he used.</p> <p>Mills has filed case against Butler Snow and Baker Donelson law offices as well as others alleging they invested months assisting Lamar Adams and Madison Timber, during that they overlooked or did not examine the fraudulent company methods of this business that she said must have been apparent towards the high-powered law offices.</p>