BigLaw partner is charged with securities fraud in connection with alleged Ponzi scheme
Image from Shutterstock.
Baker, Donelson, Bearman, Caldwell & Berkowitz health care partner Jon Darrell Seawright has been charged along with a former lobbyist at the firm for their roles in an alleged Ponzi scheme involving fake timber purchases.
Seawright, 49, and former public policy adviser Ted Brent Alexander, 55, both of Jackson, Mississippi, were charged in a February 2020 indictment unsealed Thursday, Law360 reports.
Federal prosecutors allege that Seawright and Alexander solicited over $20 million from more than 50 investors in the scheme between early 2011 and late 2018. Both men pleaded not guilty Thursday.