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

The spouse of a Madison County businessman sentenced to almost twenty years in jail into the state’s biggest Ponzi scheme is divorcing her husband and it has decided to offer home owned by the few to greatly help repay her spouse’s investors.

Arthur “Lamar” Adams had been sentenced to very 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 is hitched to Arthur “Lamar” Adams since August 3, 1978, and it is the owner that is one-half of owned by the few.

In U.S. District Judge Carlton Reeves sentenced Lamar Adams to 19? years in prison october.

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, into the $100 million scam.

A week ago, Reeves approved a settlement reached by Mrs. Adams and also the receivership appointed by the court to attempt to recoup a few of the cash 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. Continue reading