Monday, May 20, 2013

Latest local news, weather and high school sports from the Midlands

Attorney reviews assets in alleged $90M Ponzi case
Posted: 07.01.2012 at 1:48 PM
0
Photo

COLUMBIA, S.C. (AP) -- A court-appointed attorney has begun sifting through the assets of a former Anderson County council member accused of running a multi-million dollar Ponzi scheme.

Greenville attorney Beattie Ashmore says he has a website up and running where investors who fear they were hoodwinked by Ronnie Wilson and his gold and silver bullion business can sign up to take part in any future splitting up of the assets.

Wilson was charged in April with mail fraud after authorities said he took millions of dollars from investors through his business but never actually bought them the silver bullion he promised.

Authorities have said more than 900 people invested about $90 million with Wilson, who altered receipts to keep the scheme going and lost nearly $60 million of clients' money.

Popular Stories
Thumbnail
Brett Parker murder trial resumes Monday
Yesterday at 3:16 PM  |  1 comment
Thumbnail
Who won the Powerball Jackpot?
Yesterday at 3:22 PM  |  1 comment
Thumbnail
Miss South Carolina USA hoping to bring crown to Palmetto State
Zoheb Hassanali  |  Yesterday at 5:52 PM
Follow Midlands Connect
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
MOJO Gallery
View and share your pictures from around the Midlands
Mission Midlands
A program from the Oliver Gospel Mission
MoneyWACH
Financial tips & tricks from Palmetto Citizens Federal Credit Union
ADVERTISEMENT