A former Anderson County councilman accused of running a multi-million dollar precious metals Ponzi scheme gets a delayed court date.
Ronnie Wilson had been scheduled for a hearing in Greenville on Tuesday, but Wilson's attorneys won a delay until an August 7.
Wilson was charged last month with mail fraud after authorities said he took millions of dollars from investors through his business, Atlantic Bullion & Coin, but never actually bought them the silver bullion he promised.
In a letter dated April 23, U.S. Attorney Bill Nettles said a hearing was scheduled for May 15 at the federal courthouse in Greenville so the defendants, including Wilson, can enter a plea of guilty.
Three days later, Wilson's attorneys asked a judge for a 60-day delay on that hearing, a request with which they said prosecutors agree.
The letter said that victims of the charged offenses have the chance to speak at the hearing if they notify the office in advance.
Authorities said more than 900 people invested about $90 million with Wilson. Prosecutors said he altered receipts to increase the purchase price of the silver when a customer went to cash it in so he could keep the scheme going.
Prosecutors said investors lost nearly $60 million.
Copyright 2012 FOX Carolina (Meredith Corporation). All rights reserved. The Associated Press contributed to this report.
Sunday, August 31 2014 3:28 PM EDT2014-08-31 19:28:29 GMT
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