SC Man Facing 20 years in $90M Ponzi Case


By Alicia Barnes

GREENVILLE, S.C. (AP) _ A man accused of masterminding a multi-million dollar Ponzi scheme will soon learn his fate.

Ronnie Gene Wilson is being sentenced Tuesday in federal court in Greenville. He pleaded guilty to mail fraud in July and faces a maximum sentence of 20 years in prison.

Prosecutors say the former Anderson County council member and another man promised to buy and sell silver for customers but invested little of the $90 million they took in, either losing it or keeping it for themselves.

Wilson has been free on $1 million bond and has said he will make full restitution. The second man, Wallace Lindsey Howell, also is charged with mail fraud.

Add a comment


Comment: 1000 Characters Left

ABC Columbia and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.

Current: 74°
High: 75°
Low: 74°
Wind: 0 MPH
Pressure: 30.09
Humidity: 87 %

What's on WOLOTV Full Schedule