A federal jury has found William “Bill” Byrd McHenry, Jr., of Canton, guilty of perjury related to false statements made during a court proceeding. The conviction stems from testimony McHenry gave on November 18, 2021, during a judgment debtor examination.
Court documents indicate that the examination was conducted by the Receiver for Arthur Lamar Adams and Madison Timber Properties, LLC. The purpose was to determine what assets McHenry had available to pay part of a $3,473,320 judgment against him. This judgment is linked to efforts to recover funds for investors affected by the Madison Timber Properties Ponzi scheme. The scheme spanned several years and involved losses exceeding one hundred million dollars with hundreds of victims across multiple states.
During his testimony, McHenry was questioned about specific assets and whether he had sold any while going through personal bankruptcy after the large civil judgment was entered against him. He denied selling any such assets; evidence at trial showed this statement was false.
McHenry will be sentenced on May 28, 2026. His sentence will be determined by a federal district court judge in accordance with the U.S. Sentencing Guidelines and other legal factors.
U.S. Attorney J.E. Baxter Kruger for the Southern District of Mississippi and Special Agent in Charge Robert A. Eikhoff announced the conviction. The FBI led the investigation into the case.
Assistant U.S. Attorneys Samuel Goff and Matt Allen are prosecuting.
