Arizona man pleads guilty in SC Ponzi case - WNEM TV 5

Arizona man pleads guilty in SC Ponzi case

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GREENVILLE, SC (AP) -

A 22-year-old Arizona man has pleaded guilty as part of a multimillion dollar South Carolina Ponzi scheme.

U.S. Attorney Bill Nettles said Wednesday that Benton T. Hall of Mesa, Arizona, had pleaded guilty to conspiracy to obstruct justice.

Hall was charged as part of the case of Ronnie Wilson, a former Anderson County councilman currently in federal prison after pleading guilty to mail fraud.

Authorities say Wilson took millions of dollars from investors through his business, Atlantic Bullion & Coin, but never actually bought them the silver bullion he promised. Authorities say Hall helped another man working with Wilson hide about $1.5 million in property, gold and silver coins and cash when law enforcement began investigating.

Hall faces up to five years in prison when he is sentenced later.

Copyright 2013 Associated Press.  All rights reserved.

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