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Tag Archives: ab&c

Officials looking for Wilson assets

July 31, 2012   The Journal
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Ron Wilson (right) leaves a Greenville Courthouse as reporters follow.

By Stan Welch – A federal receiver has been appointed as part of the plea agreement signed by Ron Wilson in connection with his prosecution for mail fraud. Beattie Ashmore, a Greenville attorney was appointed by order of District Court Judge Michelle J. Childs to locate and seize any and all assets of Wilson.

Wilson has agreed to cooperate fully in identifying and locating such assets, so that they can be liquidated and the proceeds applied to compensating Wilson’s victims. Beattie, however, acknowledged to The Journal that the term “full restitution”, as ordered by the court, is more of a legal term than a realistic one.

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Wilson facing CFTC civil action

June 13, 2012   The Journal

By Stan Welch – Former Anderson County Councilman Ron Wilson’s woes continue as yet another federal agency filed a civil action against him in relation to his sales of silver securities. The U.S. Commodity Futures Trading Commission (CFTC) filed an enforcement action against Wilson and his business, Atlantic Bullion and Coin, focusing on Wilson’s actions during the period between Aug of 2011 and February of this year.

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Wilson property subject to forfeiture

April 25, 2012   The Journal

By Stan Welch

The securities case against former county councilman Ron Wilson moved forward this week, as United States Attorney Bill Nettles filed a brief seeking the appointment of a federal receiver for Wilson’s assets.

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Wilson arrested, out on bail

April 05, 2012   The Journal

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.

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Documents must be read and evaluated, assistant AG says

March 27, 2012   The Journal

By Stan Welch

Experience and compassion are the hallmarks of the Tracy Meyers, Senior Assistant Attorney General, who is handling her Office’s investigation into the Atlantic Bullion & Coin Company. (See related story elsewhere in this issue of The Journal.)

Meyers was with the AG’s Office when the Carolina Investors/Home Gold Financial scandal hit South Carolina. When questioned at Monday night’s meeting about why no criminal charges have been filed in the AB&C case, she said, “A week into the Carolina Investors case, I had 128,000 documents in my office. They had to be read and evaluated. This case promises to be much the same. My point is that criminal cases take much longer to build.”

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Investigators field questions from AB&C investors

March 27, 2012   The Journal
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Secret Service Agent Tom Griffin speaks to investors of Atlantic Bullion & Coin during a meeting Monday at Tri County Technical College’s Easley Campus. The meeting, attended by approximately 250 people, was set up by state Rep. Joshua Putnam and state Senator Kevin Bryant. Officials from the Attorney General’s office, the U. S. Secret Service and the South Carolina Law Enforcement Division (SLED) were at the meeting.

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Investors looking for answers

March 20, 2012   The Journal

Locally and across 20 states, investors in Atlantic Bullion & Coin are looking for answers.

Approximately 300 people attended a meeting were held earlier this week in Anderson to hear about a potential classaction lawsuit against AB&C and owner Ron Wilson.

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Secret Service, Sheriff’s Deputies search AB&C offices

March 16, 2012   The Journal
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By Stan Welch

State and federal authorities took actions to close Atlantic Bullion and Coin, a company owned and operated by former Anderson County Councilman Ron Wilson, executing a search warrant and seizing files and computers last Thursday.

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SC Attorney General files complaint against Wilson, Atlantic Bullion

March 15, 2012   The Journal

Attorney General Alan Wilson, who serves as the South Carolina Securities Commissioner, filed a complaint Monday against Ronnie Gene Wilson and Atlantic Bullion & Coin, Inc., accusing Wilson and AB&C of scamming people who thought they were investing in silver. Wilson continued to offer fake investment opportunities to people in South Carolina and 24 other states despite a previous cease and desist order. The complaint states that Wilson and AB&C provided statements to investors indicating that they owned silver when no silver had ever been purchased.

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