Second Mississippi man indicted in $85M timber Ponzi scheme

JACKSON, Miss. (AP) — A second Mississippi man has been charged in a Ponzi scheme in which investors lost more than $85 million.

William McHenry of Canton pleaded not guilty Friday in federal court in Jackson to an indictment charging him with one count of securities fraud and two counts of wire fraud. He remains free on $10,000 bail with a current trial date of April 15 before U.S. District Judge Carlton Reeves.

McHenry’s lawyer, Frank Trapp, did not respond to an email seeking comment.

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