They are accused of soliciting more than $20 million from over 50 investors.
Arthur Lamar Adams is already serving time for his role in the $100 million Ponzi scheme.
A court-appointed receiver is still trying to recover assets for victims.
Two Jackson men, accused of defrauding investors as part of a massive $100 million Ponzi scheme spearheaded by Arthur Lamar Adams, are set for trial in July.
The Ponzi scheme, the largest in Mississippi history, affected dozens of victims across multiple states.
Ted Brent Alexander, 55, and Jon Darrell Seawright, 49, appeared Thursday in federal court in Jackson, where they pleaded not guilty to six counts each related to the scheme, acting U.S. Attorney Darren J. LaMarca and FBI Special Agent in Charge Michelle Sutphin said in a news release.
MS pain cream scheme: 3 sentenced for roles in $515M fraud, ordered to pay back millions
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Arkansas Nuclear One plant
LITTLE ROCK, Ark. (Legal Newsline) - The mother of a young man who was killed when a 500-ton turbine component fell from a crane at an Entergy nuclear plant can obtain the utility’s internal review of the accident, an Arkansas appeals court ruled earlier this month.
Susan Allen sued Entergy, Siemens Electric and contractor Bigge Power Co. after her 24-year-old son Wade Walters was killed at the Arkansas Nuclear One plant in Russellville in March 2013. Entergy hired Siemens and Bigge to remove a main turbine generator stator and place it on a transport vehicle one story below. A crane collapsed as workers removed a rail that was blocking the movement of the stator and it fell 30 feet, injuring eight workers and killing Walters.
“This is not in my character,” Moran said. “I’ve learned my lesson in this.”
The scheme, which began in Mississippi, has defrauded TRICARE and other health care benefits providers of more than $1.5 billion nationwide, the government contends. At least 25 people have been charged, and 20 of them have been convicted at trial or pleaded guilty.
U.S. Senior Judge Keith Starrett said in court Tuesday that Moran, like the others in the case, was a good person until he got “caught up in this greed, this evil.”
“I’ve seen a lot of shows in my career as a judge and seen a lot of very sad cases through the years,” Starrett said. “The sad thing is the tremendous ability and potential you have for good. This involved so many people, so many lives ruined, so many careers lost.”
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