Tag: South Carolina Securities Division
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South Carolina Attorney General Alleges Ponzi Scheme And False Statements By Purveyor; U.S. Secret Service Seen Carting Boxes From Purported ‘Precious Metals’ Business
UPDATED 7:31 A.M. ET (U.S.A., MARCH 17) State officials in South Carolina say Ronnie Gene Wilson and Atlantic Bullion and Coin Inc. were running a “precious metals” Ponzi scheme that gathered about $70 million from “numerous” investors in 25 states over the past three years. After dark Thursday, the U.S. Secret Service was seen carting…
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BULLETIN: Florida Office Of Financial Regulation Opens Probe Into PPE-Life; Firm Also Under Investigation In South Carolina Amid Allegations It Sold Unregistered Securities
A company under investigation in South Carolina amid allegations it sold unregistered securities now is under investigation in Florida. The Florida Office of Financial Regulation (OFR) confirmed the probe into PPE-Life this morning. “OFR has an open investigation [regarding] PPE-Life and its principals at this time and cannot go into any additional details,” said Flora…