Ron Wilson Items Auctioned Off

More items belonging to former Anderson County Councilman Ronnie Gene Wilson hit the auction block this weekend, as efforts to recoup investors’ losses in Wilson’s multi-million dollar Ponzi-like scheme continue.

According to Fox Carolina, several items once belonging to Wilson were set to be auctioned off Saturday, July 27, including a $17,000 wedding ring, a power boat and a jet ski.

The auction was managed by Poinsett Auctions, which has overseen several auctions related to Wilson and his investors since Wilson plead guilty to mail fraud. 

In November of last year, Wilson was sentenced to nearly 20 years in prison on mail fraud charges connected to the multi-million dollar Ponzi scheme investigators say he ran for years.

Investigators said Wilson bilked his silver investors about of $60 million in fraudulent investments.

Wilson told investors he'd purchased silver holdings for them and that those purchases were being stored in a depository in Delaware.

When contacted by investigators, officials at the depository said they had no holdings for either Wilson or his business, Atlantic Bullion & Coin.

The Ponzi scheme defrauded over 800 investors in 25 states, prosecutors said.

Shortly after being appointed receiver in the case, Attorney Beattie Ashmore said the bilked investors could probably not hope to recover more than “pennies on the dollar.”

Previous auctions have included furniture, artwork, antiques and electronics. 

Other Wilson assets put up for sale included a 13-year-old Irish Sport Horse, a 2011 Polaris Ranger XP and Wilson’s $750,000 home.

Proceeds from the auctions and sales will be redistributed to Wilson’s investors.