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