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Assets linked to Ron Wilson up for auction

Anderson Independent-Mail (SC)

Sept. 13 --More assets linked to Ron Wilson are up for auction Saturday in Travelers Rest .

Wilson, a former Anderson County Council member, is serving a 17-year prison sentence for mail fraud connected to a $57.4 million silver investment scam. Hundreds of items from his home, farm and personal collections have already been sold to benefit the nearly 800 victims of his Ponzi scheme.

At Saturday's auction, a 2008 Ford F250 Super Duty pickup and a pair of Toyota sedans will be up for sale.

The money made at the auction will be turned over to Greenville attorney Beattie Ashmore , the federally appointed receiver charged with finding and recovering assets and distributing the money to victims.

The auction begins at 4 p.m. at Poinsett Auction and Realty at 57 Smith Tractor Road in Travelers Rest . Preview of the vehicles begins one hour before the auction.

Last month, federal prosecutors announced new indictments against Wilson, 67, his estranged wife, and his brother.

Those indictments allege that Wilson gave his brother, 60-year-old Tim Wilson , a canister with cash or precious metals in April 2012 , shortly after Ron Wilson's business, Atlantic Bullion & Coin, was named in a state complaint letter. Tim Wilson hid the container in May 2012 , according to the indictment.

The indictments allege that Ron Wilson gave another container with money and metals to 66-year-old Cassie Wilson , his wife, in summer 2012. She did not tell federal investigators about the money during a February 2014 deposition, according to the indictment.

Ashmore, the appointed receiver, has previously said he expects victims of the Ponzi scheme to get back only pennies on the dollar.

Follow Nikie Mayo on Twitter @NikieMayo


(c)2014 the Anderson Independent Mail (Anderson, S.C.)

Visit the Anderson Independent Mail (Anderson, S.C.) at www.independentmail.com

Distributed by MCT Information Services

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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