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ANDERSON, S.C. (AP) -- A second man has been indicted in what prosecutors say was a multi-million dollar Ponzi scheme involving precious metals.

A federal grand jury charged 60-year-old Wallace Lindsey Howell with mail fraud.

Prosecutors say Howell worked with former Anderson County Councilman Ronnie Wilson on a scheme where they promised to buy and sell silver for customers. But authorities say the men invested little of the $90 million, either losing it or keeping it for themselves.

It wasn't known whether Howell had a lawyer.

Wilson pleaded guilty to mail fraud in July and faces up to 20 years in prison when he is sentenced.