$200K Raised At Ron Wilson Farm Auction - WSPA.com

$200K Raised At Ron Wilson Farm Auction

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Auctioneers sell off items at Live Oak Farms in Woodruff Saturday morning. Auctioneers sell off items at Live Oak Farms in Woodruff Saturday morning.
SPARTANBURG COUNTY, S.C. -

 

Updated: April 30, 2013

An auction raised hundreds of thousands of dollars for victims of a massive ponzi scheme.

This weekend, assets at Ron Wilson's former Live Oak Farm were auctioned to the public in Woodruff.

The auction raised more than $200,000.  That money will eventually go to the victims of Wilson's ponzi scheme.

Federal investigators say the former Anderson County Councilman stole millions of dollars from people across the country during his scheme.

Posted: April 27, 2013

Hundreds of items belonging to a former Anderson County councilman accused of masterminding a Ponzi scheme that bilked investors out of millions are being auctioned off.

Big crowds showed up early Saturday morning at Ronnie Gene Wilson's Live Oak Farms in Woodruff to bid on merchandise.

Attorney Beattie Ashmore was appointed to sell Wilson's assets to pay investors victimized by his scheme. Prosecutors say Wilson and another man promised to buy and sell silver for customers, but invested little of the $90 million they took in and either lost the money or kept it for themselves.

Wilson is serving a 19-year federal prison sentence for mail fraud. Other items belonging to him were auctioned off last month.

 

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