Tag Archives: joey preston

Preston profited greatly in Wilson Ponzi scheme

Court Documents Show

By Stan Welch – Former Anderson County Administrator Joey Preston has conceded that he did in fact profit far beyond his original claims from his role in the Ron Wilson Ponzi scheme that left hundreds of investors bilked out of almost $60 million.

According to court documents in the federal case Preston has conceded that he did in fact make approximately $1.2 million on his original investment of $192,000 in the silver securities scam for which Wilson is currently serving time in a federal prison in Ashland, Ky.

County moves to appeal judge’s decision in Preston case

To SC Supreme Court

By Stan Welch

More than three months after a contentious decision to authorize county attorneys to pursue the appeal of the decisions rendered in the County’s case versus Joey Preston, the legal documents to move that appeal to the South Carolina Supreme Court were filed last week.

The appeal follows what many considered shocking and overreaching rulings by Judge Roger Couch in May of 2013. During that ruling Couch, who had been presented with the County’s case that several members of the Council which approved Preston’s $1.2 million severance package had received or were expecting financial benefit as a result of their votes, ruled that Councilman Waldrep and Councilwoman Wilson, the only two dissenting votes, instead had a conflict, due to other litigation with the county and with Preston.

County to pursue Preston case appeals

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County facing decision on continued litigation

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County to amend motion in Preston case

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County considering settlement; not giving up on Preston appeal

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Judge rules for Preston on severance package

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Preston finances remain under scrutiny

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Wilson sentenced to 235 months in silver investment scheme

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Ruling on Preston case expected after Thanksgiving

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