September 14, 2012
Earlier today, Beattie B. Ashmore, a federal receiver appointed by the Honorable J. Michelle Childs, United States District Court for the District of South Carolina, to serve as Receiver over Ronnie Gene Wilson, Atlantic Bullion and Coin, Inc. and other related and defined individuals and entities, completed the sale of all metal holdings in his possession and previously seized by the United States Secret Service for $675,000.00. This sale was made after several months of work and due diligence with regard to the sale and value of the holdings including monitoring of the market to maximize the value received as a result of the sale of the holdings. The price point of silver when Mr. Ashmore was appointed by the Court’s July 25, 2012 Order was approximately $27 an ounce and the success in the liquidation returns was attributable to consultation and sound counsel from various sources. Mr. Ashmore is very pleased with the results of the sale and the monies will go into the Receiver Estate to be used to administer the estate and when combined with other assets will be used to distribute to approved victims.