By Andrew Strickler (July 11, 2022, 12:43 PM EDT) — A former Baker Donelson lobbyist charged in an immense timber-industry Ponzi scam asked a Mississippi federal judge Friday to throw out two securities charges he faces along with a firm partner.
Seeking to narrow the government’s case before an upcoming trial, lobbyist Ted Alexander argued that the timber investment deals at the center of the government’s case were “forward contracts,” not futures, and thus not covered by a federal securities fraud statute.
And unlike civil claims brought by the U.S. Securities and Exchange Commission against the scheme’s mastermind, Lamar Adams, the statute underlying two counts of the indictment applies to unregistered…
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