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


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