The court-appointed receiver for the estates of confessed Ponzi schemer Arthur Lamar Adams and his disgraced company, Madison Timber Properties, has sued Am Law 100 firm Baker, Donelson, Bearman, Caldwell & Berkowitz along with law firm Butler Snow and several other entities and people who allegedly abetted or turned a blind eye to Adams’ $100 million scheme.
Although Adams pleaded guilty to wire fraud and was sentenced to 19.5 years in prison in October—a sentence he will begin serving in January 2019—receiver Alysson Mills argues responsibility for the corrupt scheme, which dealt a blow to investors around the country, extends far beyond one individual.
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