SC, federal officials investigate coin business

EASLEY, S.C. (AP) - State and federal officials are investigating claims that an Anderson County coin business was running a multi-million dollar Ponzi scheme with investors' money.

Secret Service agents raided the Easley office of Atlantic Bullion & Coin on Thursday with a warrant saying they were looking for computers, files and silver.

A complaint filed by the South Carolina Attorney General's Office says investors were told their money was being used to buy silver, while little of the precious metal was ever purchased for them.

The business is owned by Ron Wilson, a former member of the state Board of Education and the Anderson County Council. Wilson couldn't be reached for comment Saturday, and it's not clear if he has an attorney.

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