2nd man indicted in Upstate silver buying scheme

Print
Email
|

by Associated Press

WCNC.com

Posted on October 11, 2012 at 11:37 AM

ANDERSON, S.C. (AP) -- A second man has been indicted in what prosecutors say was a multi-million dollar Ponzi scheme involving precious metals.
 
 A federal grand jury charged 60-year-old Wallace Lindsey Howell with mail fraud.
 
Prosecutors say Howell worked with former Anderson County Councilman Ronnie Wilson on a scheme where they promised to buy and sell silver for customers. But authorities say the men invested little of the $90 million, either losing it or keeping it for themselves.
 
It wasn't known whether Howell had a lawyer.
 
Wilson pleaded guilty to mail fraud in July and faces up to 20 years in prison when he is sentenced.

Print
Email
|