University of Mississippi to return most of $400,000 given by Ponzi convict
01 Jan 2019

Ole Miss to return most of $400,000 given by Ponzi convict
AP — The University of Mississippi has agreed to return most of the $400,000 its athletic foundation was given by a businessman who pleaded guilty to a $100 million Ponzi scheme.

The Clarion-Ledger reports that the federal receiver appointed to try to get back investors’ money says the university has agreed to return $310,000 donated by Arthur Lamar Adams. A recent report from Alysson Mills says that’s in addition to nearly $40,000 already returned for unused football and baseball tickets.

Photo: Generic image of a university

Link to AP.

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