Big Ole Miss Donor in Trouble

[615dawg]

Lamar Adams indicted for running a Ponzi Scheme that stole over $100 million from prominent Jacksonians.

 

[Msubulldogfan1]

Ouchie

 

[JoMo MoJo]

Jackson Jambolya doing work. As one astute anonymous commenter stated: “why the hell do we need the CL?” Kingfish is the **** and he alone runs circles around the entire staff of the CL.

 

[skydawg1]

Jackson Jambolya doing work. As one astute anonymous commenter stated: “why the hell do we need the CL?” Kingfish is the **** and he alone runs circles around the entire staff of the CL.

And as an LSU fan, he hates him some Ole MIss.

 

[Wizard.sixpack]

Lamar Adams indicted for running a Ponzi Scheme that stole over $100 million from prominent Jacksonians.

Literally two posts down.....

 

[Wether]

Lamar Adams indicted for running a Ponzi Scheme that stole over $100 million from prominent Jacksonians.

Guess it doesn’t matter that virtually the rest of his family is MSU, and donors as well?

 

[615dawg]

This is major news. It sickens me that the US Attorney had to move on it. word is the AG has known about it for quite some time.

Still sucks $100 million in wealth just disappeared in a poor state.

 

[PineGroveBully]

TIMBER!!!!

 

[karlchilders.sixpack]

Yes, but sometimes the subject line does not adequately identify the subject. but yes Germans.

 

[PineGroveBully]

Must suck to have a rival

 

[thatsbaseball]

If this is the truth...somewhere Tate is smiling.

 

[57stratdawg]

#MississippiMadoff

 

[coach66]

Rumor has it he sent his checks out at the last

Minute after landing a big investor from Texas but their check bounced or stopped and he was left swinging in the wind.

 

[karlchilders.sixpack]

I've seen a situation or so like this

Probably made some of these people some money, originally.

Very Good at talking the game. But as time goes on...

They can't keep all of the plates spinning, and things just blow up.

 

[PineGroveBully]

Could have sworn you was talking about Ole Miss football there for a second

 

[patdog]

Yep. It's a fools scheme. Once you start it, you can't ever end it. And you have to keep growing it or you're working and sweating your *** off just trying to keep from getting caught without making another dime off of it.

 

[coach66]

Huh

Guess it doesn’t matter that virtually the rest of his family is MSU, and donors as well?

And your point is? We’re they accused of wrong doing?

 

[Hankp22]

Wow

Guess it doesn’t matter that virtually the rest of his family is MSU, and donors as well?

I graduated from MSU! So this really hits close to home.

 

[MaroonCrusader]

I went through Jackson on my way to Starkville for SBW. Whew. Could have been me.

 

[The Peeper]

Guess it doesn’t matter that virtually the rest of his family is MSU, and donors as well?

You're right, until they are indicted, it doesn't......

 

[HumpDawgy]

Ponzi was my favorite character on Happy Days.

 

[Leeshouldveflanked]

Social Security says "Hold my Beer!"

 

[GloryDawg]

I am surprise that after 98 years since Ponzi got caught no one has figured out how to do it and have a end game plan.

 

[JoMo MoJo]

And as an LSU fan, he hates him some Ole MIss.

“The enemy of my enemy is my friend....”

 

[GoodPadLevel]

Social Security says "Hold my Beer!"

Good One!

 

[graddawg]

This is major news. It sickens me that the US Attorney had to move on it. word is the AG has known about it for quite some time.

Still sucks $100 million in wealth just disappeared in a poor state.

At the risk of turning this into a political thread (sorry DS), what "sickens" you about the US Attorney doing his job? This is a securities violation that involved interstate commerce, which falls squarely within the Fed's wheel house. I know it's all the rage in certain Mississippi circles to take shots at the AG's office every time the US Attorney brings charges, but as long as the geniuses at the Mississippi Legislate continue to withhold (for purely political reasons) tools necessary to go after this sort of stuff (like wiretaps) the AG's office is simply not equipped to handle these cases. And the reality is these issues are usually uncovered at the state level and turned over to the feds. So your comment about the AG knowing about this is likely correct, just not in the way you imply.

To be clear, I am no Jim Hood apologist or even a democrat. But I'm familiar enough with the process to know this, and other comments like it on other boards/blogs, are off base.

 

[dudehead]

I am surprise that after 98 years since Ponzi got caught no one has figured out how to do it and have a end game plan.

These guys figured out how to pull it off:


View attachment 10114

 

[johnson86-1]

I am surprise that after 98 years since Ponzi got caught no one has figured out how to do it and have a end game plan.

Yea, I get running a ponzi scheme. I don't get being in the country when it falls apart.