According to reports, Ron Wilson was arrested Wednesday and charged with mail fraud after turning himself in to U. S. Marshals just before a 2 p.m hearing in front of U. S. Magistrate Jacquelyn D. Austin in a Greenville court room.
He was released on $1 million bail shortly after his wife used three properties in her name to secure the bail, officials said.
An affidavit states that customers of Wilson’s silver investment business, Atlantic Bullion & Coin (ABC) either mailed checks to the business or received statements from the business on two different dates.
The maximum penalty for mail fraud is 20 years imprisonment and a $250,000 fine.
Wilson is accused of running a Ponzi scheme involving silver investments and is also facing criminal complaints.
Jena Gail Eison, who is named as a defendent in one of the lawsuits againt AB&C, was a vice president for Wilson’s business and worked as the marketing director for Live Oaks Farms, which is operated by Wilson’s daughter.
Live Oaks Farms was scheduled to open an office next door to AB&C in Powdersville the week it was shut down by state and federal law enforcement officials. Both offices were searched as part of the investigation.
Eison has been interviewed by investigators but has not been charged with any wrongdoing, officials said.
She is a former Anderson County Animal Shelter committee member appointed by Wilson when he served on Anderson County Council.