Former Madison County businessman serving time in federal prison

Arthur Lamar Adams will serve his sentence for a Ponzi scheme in an Arkansas prison

Former Madison County businessman serving time in federal prison
Arthur Lamar Adams pictured with his attorney John Colette at federal court in Jackson.

JACKSON, MS (WLBT) - A former Madison County businessman is now an inmate at a federal prison.

Arthur Lamar Adams was sentenced to almost 20 years for the largest Ponzi scheme in Mississippi history. (Source: WLBT)
Arthur Lamar Adams was sentenced to almost 20 years for the largest Ponzi scheme in Mississippi history. (Source: WLBT)

58-year-old Arthur Lamar Adams was sentenced to almost 20 years for the largest Ponzi scheme in state history.

Adams wanted to serve his time at the federal prison in Yazoo City or another facility close to Mississippi. He is being held at the Forrest City Low Correctional Institution in Arkansas.

READ MORE: Lamar Adams pleads guilty to multi-state fraud scheme involving over $100 million and hundreds of victims

Adams ran a 100 million dollar scheme through Madison Timber Properties. Prosecutors say he defrauded up to 300 investors.

He is listed as an inmate with the Federal Bureau of Prisons.

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