Mississippi law firm accused of failing to discover scheme

Local News

An attorney trying to recover money from a $100 million Ponzi scheme in Mississippi says a law firm should have known about the scheme.
News outlets reported a federal complaint by court-appointed receiver Alysson Mills says the law firm and others contributed to the facade that made the scheme look legitimate.
The complaint says Butler Snow and the founder and president of Butler Snow Advisories Services LLC, Matt Thornton, as well as Brent Alexander and Jon Seawright of the law firm Baker Donelson, helped Madison Timber.
Madison Timber operated a Ponzi scheme that claimed to buy timber from Mississippi landowners and resell it to Mississippi lumber mills at higher prices.
Snow and the attorney representing Alexander and Seawright dispute the accusations and say they have cooperated in the investigation.

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