Lawsuits filed against Ronnie Wilson, AB&C - FOX Carolina 21

Lawsuits filed against Ronnie Wilson, AB&C

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EASLEY, SC (FOX Carolina) -

Attorney Stephen Lewis said the defendant listed in his class action lawsuit took money from investors under the guise of buying silver.

"And in most cases never invested in silver, never bought any silver and simply passed money back and fourth between investors," Lewis said.

Tuesday Lewis was one of two attorneys who filed class action lawsuits against Ronnie Wilson and his company Atlantic Bullion and Coin.

Wilson, who is at the center of a complaint filed by the Attorney General's Office and a Secret Service investigation, is not the only defendant listed in the lawsuit.

"Professional Planning of Easley had a role in both referring clients to Mr. Wilson with knowledge of what Mr. Wilson was doing," Lewis said.

The lawsuit lists Tracy Atwell and Ed Atwell as defendants. Lewis said Tracy Atwell, a financial planner, is the owner of Professional Planning of Easley and that she played a major roll in recruiting new clients to Atlantic Bullion and Coin.

"Some of them knew Ms. Atwell. Some of them had done financial planning with her. Others were referred by friends to her," Lewis said.

A number of people may be involved in the alleged Ponzi scheme, as investigators have stated.

The second class action lawsuit filed today points out financial advisors and unregistered agents were paid $600,000 in commissions for referrals between 2009 and the present.

And get this - the investors in that lawsuit alone invested more than $500,000 with Wilson in just under three months.

The details all shed light on how far reaching the alleged Ponzi scheme is.

"We're not sure whether this is just the tip of the iceberg or whether it's the whole iceberg, we'll just have to wait and see," Lewis said.

The class action lawsuits were filled in Pickens County.

FOX Carolina tried to get in touch with Tracy Atwell with Professional Planning of Easley but were not able to reach her.

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