Jackson, MS – A federal jury convicted a Canton man for false statements before a court.According to court documents and evidence presented at trial, William “Bill” Byrd McHenry, Jr., provided false statements on November 18, 2021, during a judgment debtor examination. The examination, which was taken by the Receiver for Arthur Lamar Adams and Madison Timber Properties, LLC, was to determine the assets he had available to satisfy at least part of a $3,473,320 judgment that had been entered against him. The judgment was to be used to satisfy, at least partially, investors who had lost money in the Madison Timber Properties multi-state Ponzi scheme involving more than one hundred million dollars and hundreds of victims spanning a number of years. During a judgment debtor examination, McHenry was asked directly about certain assets and whether he had sold them during the pendency of his own personal bankruptcy, which he filed after the $3,473,320 judgment. He falsely denied selling any such assets. McHenry is scheduled to be sentenced on May 28, 2026. A federal district court judge will determine his sentence after considering the U.S. Sentencing Guidelines and other statutory factors.U.S. Attorney J.E. Baxter Kruger of the Southern District of Mississippi and Special Agent in Charge Robert A. Eikhoff made the announcement.The FBI is investigating the case.Assistant U.S. Attorneys Samuel Goff and Matt Allen are prosecuting the case.
Source: U.S. Department of Justice