Baker Partner, Ex-Lobbyist Charged In Timber Ponzi Scam

Law360 (May 21, 2021, 1:35 PM EDT) -- A federal grand jury in Mississippi has charged a Baker Donelson partner and a former firm lobbyist with securities fraud and other crimes for soliciting tens of millions of dollars for a vast timber industry Ponzi scheme.

Baker health care partner Jon D. Seawright, 49, and public policy adviser Ted Brent Alexander, 55, of Jackson, Mississippi, both face a six-count indictment for securities and wire fraud for allegedly defrauding dozens of investors.

All the charges are connected to a long-running scheme headed by Mississippi timber executive Arthur Lamar Adams. Adams is serving a nearly 20-year prison sentence for defrauding hundreds of...

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