This may be the first non-SEC civil lawsuit against Madison Timber and its salesmen. It will not be the last.
Highway 22 LLC sued William McHenry, Lamar Adams and Madison Timber in Madison County Circuit Court on Wednesday. McHenry solicited a $150,000 ‘investment’ for MT in 2016. When checks bounced and plaintiff tried to record the deed securing the loan, she discovered the land did not exist.
Eddie Abdeen of Madison represents the plaintiff. That’s going to be a problem for McHenry.
Abdeen is smart.