A Greenville man is accused of duping customers out of more than $42,000 through bogus silver trades.
Customers said they trusted Kevin Green, 30, and his Greer business because he'd done well for others in the past.
FOX Carolina spoke to one man, Jason Anderson, who said he was ripped off. He said it seemed like it was the perfect time to buy silver and he thought it'd be a good investment.
Anderson thought he'd done his homework. Palmetto Precious Metals was a local established business he'd heard a lot about.
When he handed over more than $1,200 in exchange for 40 ounces of silver, he never thought there'd be a problem. But after he did business with Green, he said he ended up empty-handed.
"I paid in cash, I got the receipts, they said it would take about two weeks (to get the silver)," said Anderson. "They said the owner would put it into an account, they'd call when it came in."
But when the silver still hadn't been delivered three weeks later, Anderson got worried.
"I called and got a recording that said they are out of business," said Anderson. "I got left with nothing."
Sheriff's deputies said Anderson is not alone, investigators said at least two other victims have filed reports against business owner Kevin Green.
Green was arrested at his home Friday morning and charged with three counts of breach of trust. Authorities said there weren't many red flags for his alleged victims to pick up on.
"From what we know, this business has been established for several years now," said Lt. Michael Hildebrand of the Greenville County Sheriff's Office. "There are satisfied customers. In this case, I'm not sure there's anything that these victims could have done to prevent this."
Anderson doesn't believe he'll ever get his money back and said although he doesn't know the suspect personally, he feels betrayed by him.
"I couldn't sleep at night, I hope he can't either," said Anderson.
Palmetto Precious Metals has been closed since June. The Better Business Bureau has given them an "F" rating.
Authorities said they fear there may be more victims out there, they urge anyone who has had a similar experience to come forward and contact the sheriff's office at 864-467-5240.
Copyright 2012 FOX Carolina (Meredith Corporation). All rights reserved.
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