• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Silver Market
    Silver News
    Silver Stocks
    • Silver Market
    • Silver News
    • Silver Stocks
    market news

    2nd Defendant Indicted in Silver Ponzi Scheme

    Vivien Diniz
    Oct. 15, 2012 04:31PM PST
    Silver Investing

    Mineweb reported that a second defendant has been charged in connection with a $90.1 million silver Ponzi scheme instigated by a former national commander of the Sons of Confederate Veterans. The group has allegedly bilked $59 million from more than 1,000 investors in 25 states.

    Mineweb reported that a second defendant has been charged in connection with a $90.1 million silver Ponzi scheme instigated by a former national commander of the Sons of Confederate Veterans. The group has allegedly bilked $59 million from more than 1,000 investors in 25 states.

    As quoted in the market news:

    A federal grand jury has charged Wallace Lindsey Howell of Maudlin, South Carolina, of allegedly conspiring with former Anderson County, South Carolina, councilman Ronnie Gene Wilson to defraud and to obtain money by false and fraudulent pretenses related to silver investment accounts operated through Wilson’s company Atlantic Bullion & Coin from 2001 through Feb. 29, 2012.

    Click here to read the full report. 

    market news
    The Conversation (0)

    Go Deeper

    AI Powered
    A one ounce silver bar.

    Missing Silver Bars Bring Mining Community Together

    Silver Prices: Backwardation and Manipulation

    Latest News

    400% Increase in Antimony Target Strike Length

    Locksley Resources Limited 400% Increase in Antimony Target Strike Length

    Canadian Investment Regulatory Organization Trade Resumption - ANT

    Anteros Metals Enters Definitive Agreement

    Nine Mile Metals Closes Oversubscribed Non Flow Through Private Placement

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
      • Electric Vehicles
    • Agriculture
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Energy
      • Uranium
      • Oil and Gas
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Robotics
      • Crypto
      • Cleantech
    Life Science
      • Biotech
      • Cannabis
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES