Ronnie Wilson's belongings go on auction block - Cincinnati News, FOX19-WXIX TV

Ronnie Wilson's belongings go on auction block

Posted: Updated:
The entrance to the home of Ronnie Wilson, which has been seized by the government. (March 7, 2013/FOX Carolina) The entrance to the home of Ronnie Wilson, which has been seized by the government. (March 7, 2013/FOX Carolina)
Ronnie Wilson enters the Federal Courthouse in Greenville. (July 30, 2012/FOX Carolina) Ronnie Wilson enters the Federal Courthouse in Greenville. (July 30, 2012/FOX Carolina)
GREENVILLE, SC (FOX Carolina) -

The home furnishings of a former Anderson County councilman who ran a Ponzi scheme that bilked investors out of $60 million went up for auction Sunday morning.

Investigators said that Atlantic Bullion and Coin, a company run by former Anderson County Councilman Ronnie Wilson, duped more than 900 investors across 25 states into thinking they were buying silver and making big profits. They said Wilson never bought any precious metals and was paying investors' lofty dividends with other investors' money.

Wilson, 65, pleaded guilty in July 2012 to two counts of mail fraud as part of a plea deal. He is serving a 17-year sentence at a federal prison in Florida.

According to the website of Travelers Rest-based Poinsett Auction and Realty, Wilson's home furnishings will be sold to the highest bidder during an online auction that started at 9 a.m. Sunday. The auction will run until 9 p.m. March 17.

The auction house's website said inspection of the items will be allowed from 2 p.m. to 4 p.m. Sunday at 1308 Circle Rd. in Easley.

Several people toured the home Sunday afternoon, including some of Wilson's victims.

"It feels kind of weird, I did not realize it was this big and I did not realize he was living this high," said William Danny Sweezy. "I feel disgusted my retirement is gone."

Pictures on the website showed lavish rugs, chairs, beds, couches and art that will be part of the auction.

Wilson's home, which was seized by the government, will also be sold to pay back victims of the scheme.

Beattie Ashmore, the attorney in charge of liquidating the assets and getting money back in the hands of the victims, said Sunday's turnout was positive.

"We've got some early success in the case but have to paint a pretty bleak picture," said Ashmore. "Just the numbers aren't there in this case. It's going to be a difficult case to disperse a meaningful amount to the victims, much of the money is gone, been spent or we're still trying to trace down."

Federal agents also arrested Wallace Lindsey Howell, 60, in connection with the same scheme. He was charged with conspiracy to commit mail fraud. He pleaded guilty to wire fraud in January.

Copyright 2013 FOX Carolina (Meredith Corporation). All rights reserved.

Powered by WorldNow