S.C. Jeweler Arrested Over Gold-Buying Laws

Wilton Brooks Jr., owner of Carolina
Gold & Coin in Simpsonville, S.C., was arrested Feb. 18 for allegedly not following local gold-buying rules, according to a public information officer from the Greenville County Deputy’s office.

Brooks allegedly bought approximately 20 rings worth $5,000 without documenting the purchase or obtaining a signature and
identification of the seller, in violation of local precious-metals laws. The rings
were later reported stolen from a nearby home.

Brooks was charged with one count of violation of the Precious Metal Act, and one count of receiving stolen goods.  He has since been released on $7,500 bond. 

Jewelers Vigilance Committee CEO and executive director Cecilia Gardner tells JCK
she can’t comment on this specific case, but warns that jewelers have to follow local anti-fencing laws and the USA Patriot Act, both of which apply to gold.

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