Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Thursday, May 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

Securities Fraud

Michael Douglas Billings, 59, of Dallas, Texas, and his MDB Group “sold millions of dollars in unregistered promissory notes fraudulently offered by [nonparties] Arthur Lamar Adams … and Madison Timber Properties,” without registering as a broker, the SEC claims in federal court.

JACKSON, Miss. — Michael Douglas Billings, 59, of Dallas, Texas, and his MDB Group “sold millions of dollars in unregistered promissory notes fraudulently offered by [nonparties] Arthur Lamar Adams … and Madison Timber Properties,” without registering as a broker, the SEC claims in a federal complaint.

Categories / Securities

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...