Switch to ADA Accessible Theme
Miami Investment Fraud Attorney
2655 South Le Jeune Road
Suite 1108
Coral Gables, FL 33134

SEC Shuts Down $85 Million Ponzi Schemes; Investors Were Falsely Informed Land Was Being Purchased in Florida

On May 1st, the Securities and Exchange Commission (SEC) announced that it had recently shut down an $85 million Ponzi scheme that had ties to the state of Florida. In a legal complaint that was unsealed in the United States District Court for the Southern District of Mississippi, the SEC alleges that Arthur Lamar Adams misled at least 150 investors through his company Madison Timber Properties, LLC. Most of the investors victimized by this scheme were located in the southeastern United States.

Investors Were Promised Above Market Returns 

Arthur Lamar Adams was the sole owner of Madison Timber Properties, LLC (MT Properties). Beginning in 2004, Mr. Adams started soliciting money from investors through this company. According to marketing information provided to investors, MT Properties had a relatively straightforward business model: The company would use investor money to purchase harvesting rights to land in the southern United States, specifically Mississippi, Alabama, and Florida. Then, the company would harvest the land and sell the timber at a significant profit. Through this operation,  MT Properties stated that it would be able to provide investors with annual returns that were 12 and 15 percent. On paper, investors were informed that their money was making those types of returns.

Investor Money Was Not Used for the Stated Purpose

In reality, Mr. Adams was not using investor money to purchase land for harvesting. In fact, the SEC alleges that MT Properties never obtained the harvesting rights to any land, in any U.S. state. Instead, the agency contends that Mr. Adams provided investors with a number different forged documents and records. For example, investors were shown forged land deeds and fake harvesting agreements. In addition, Mr. Adams was promising the harvesting profits for land to which his company did not even have the rights. The same forged documents were shown over and over again to different investors.

MT Properties Operated as a Ponzi Scheme 

The SEC states that MT Properties was simply shuffling investor money around. New investor money was being used to pay off the original investors. Meanwhile, Mr. Adams was siphoning off a large percentage of investor funds for his own personal use and to fund his side real estate development projects. The investigation into this case is ongoing. As of April 20th, the U.S. District Court granted the agency request for a full freeze on the assets of MT Properties and Arthur Lamar Adams.

Contact Our Miami Ponzi Scheme Attorneys Today 

At Carlson & Associates, P.A, our law firm is committed to protecting the rights and interests of investors. If you or one of your loved ones lost money in a Ponzi scheme, we are here to help. To arrange a fully confidential, please call us now at 1-(305)-372-9700. From our office in the heart of Miami, we serve investors throughout South Florida, including in West Palm Beach, Fort Lauderdale, Hialeah, Coral Gables, Hollywood, and Pembroke Pines.




  • Super Lawyers
  • AV Preeminent
  • Million Dollar Advocates Forum
  • Judicial Edition 2021
  • Curtis Carlson 25th Anniversary
  • Curtis Carlson Judicial Edition 2022
  • Curtis Carlson Judicial Edition 2023
  • 2023 Judicial Edition Curtis Carlson
  • 2023 Martindale Hubbell Award Curtis Carlson
  • 2023 Lawyers.com Curtis Carlson
  • 2024 Martindale Hubbell Award Curtis Carlson
  • 2024 Martindale Hubbell Award Curtis Carlson
  • 2024 Martindale Hubbell Award Curtis Carlson


2655 South Le Jeune Road
Suite 1108

Coral Gables, Florida 33134

Telephone: 305-372-9700
Fax: 305-372-8265

With Us

  • Facebook
  • Twitter
  • LinkedIn

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

No content on this site may be reused in any fashion without written permission from www.Carlson-Law.net

MileMark Media - Practice Growth Solutions

© 2015 - 2024 Carlson & Associates, P.A. All rights reserved. This law firm website is managed by MileMark Media.