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

The spouse of a Madison County businessman sentenced to almost two decades in jail into the state’s biggest Ponzi scheme is divorcing her husband and contains decided to offer home owned by the few to aid repay her spouse’s investors.

Arthur «Lamar» Adams had been sentenced to nearly twenty years in prison for the $100 million Ponzi scheme, the greatest when you look at 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 owner that is one-half of 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 ended up being a Ponzi scheme. Adams duped as much as 300 investors, including U.S. Sen. Roger Wicker, within the $100 million scam.

The other day, Reeves authorized a settlement reached by Mrs. Adams therefore the receivership appointed by the court to try and recover 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.