The South Carolina Attorney General's Office said in a letter Monday that it has recommended the case against former Anderson County Councilman Ronnie Wilson be reviewed by the Grand Jury.
In mid-March, court documents showed former Anderson County Councilman Ronnie Wilson was named in a complaint against Atlantic Bullion and Coin, an Easley company he started in 1985.
According to the documents, Wilson duped investors across 25 states into thinking they were buying silver and making big profits. The documents said that in reality, Wilson never bought any precious metals and was paying investors' lofty dividends with other investors' money.
Two days later, Secret Service agents raided the former councilman's business, taking boxes of documents from the office.
In late March, two class-action lawsuits were filed against Atlantic Bullion and Coin.
The lawsuits listed Wilson, Tracy Atwell and Ed Atwell as defendants. Attorneys 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.
In early April, Wilson turned himself in to U.S. Marshals on mail fraud charges in connection with the multi-million-dollar Ponzi scheme. He was released from jail on $1 million bond.
In Monday's letter, the Attorney General's Office said its investigation into Atlantic Bullion and Coin has found information indicating potential criminal conduct in several counties in South Carolina, and that the case should be sent to the Grand Jury for review.
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