Esteemed son of the south pleads guilty in $90.1m silver Ponzi scheme

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“A former Anderson County, South Carolina councilman and past national commander of the Sons of Confederate Veterans entered a guilty plea in U.S. District Court in connection with a Ponzi scheme in which an estimated 945 investors in 16 states were duped into investing a total of $90.1 million in alleged silver contracts.  A former member of South Carolina’s State Board of Education, Wilson met with representatives of the State Securities Division in February, testifying under oath that he and his business ‘sell silver to banks in New York and Zurich among other places.'”

http://www.mineweb.co.za/mineweb/view/mineweb/en/page32?oid=156210&sn=Detail&pid=102055

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