AB&C investors seek answers and legal action - FOX Carolina 21

AB&C investors seek answers and legal action

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Crowds gather at the meeting to discuss a class action lawsuit with attorneys against Atlantic Bullion & Coin. (Mar. 19, 2012/FOX Carollina) Crowds gather at the meeting to discuss a class action lawsuit with attorneys against Atlantic Bullion & Coin. (Mar. 19, 2012/FOX Carollina)
ANDERSON, SC (FOX Carolina) -

Dozens of investors are looking at legal action.  More than 300 people met Monday evening to discuss a class action lawsuit with attorneys. All of the people there gave a former Anderson County Council member their money.

Now, Ronnie Wilson and his Atlantic Bullion and Coin company are under investigation.

The more than 300 people in Monday's meeting wanted answers but most left frustrated.

"When the attorneys got up, BS! Nothing! They are just as much guilty of a rip-off as Ron Wilson is. They're after nothing but money," says Danny Sweezy, an investor.

He's one of many people who left a packed conference room frustrated, wondering where to turn next.

They say with attorneys asking for fees, a decision on joining the class action lawsuit will come with great thought.

"When you got a class action lawsuit and an attorney up talking it takes some time to think about that. You don't want to just sign the paper and give it to them," says Sylvia Owens, an investor.

"Unfortunately class action lawsuits are like church ... when you get to the end of the sermon half of the church likes it and half doesn't and unfortunately litigation is that way," says Candy Kerns-Fuller, attorney.

The secret service was also at the meeting to answer questions about the alleged scheme. One thing kept popping up. Many people say they were sucked into Atlantic Bullion and Coin through a financial planer in Easley. We're not mentioning the name of that company because the secret service can't reveal who's under investigation.

But there is no doubt many people in the meeting are saying the alleged ponzi scheme was not the work of one man.

"I'm very disappointed, upset, stressed out and I don't expect to get one cent back,"says Sweezy.

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