South Carolina man charged with defrauding victim of over $1 million
GREENVILLE, SC (WSPA) – Federal agents have arrested a man accused of defrauding a Greenville man out of more than $1 million.
Not only has Clyde Murchison, III already faced charges, but these crimes have been investigated by the federal government. Now his alleged activity in the upstate is also under investigation.
The Greenville Police Department said they were investigating him for a breach of trust case. A spokesperson said the case referred to a potential scam involving a large sum of money over $10,000.
Federal documents shed more light on the recent arrest of Clyde Murchison, III. Secret Service special agents are working with the Greenville Police Department on the case.
An affidavit filed Thursday accuses Murchison of fraudulently obtaining money or property using the US Postal Service. The affidavit says Murchison told the victim they could buy Morgan silver dollars and melt them down to sell the silver.
Documents show that the victim invested $1,075,000 in the alleged scheme.
Greenville Police white-collar investigators turned the case over to the Secret Service. The affidavit also lists a series of forged emails that Murchison allegedly sent to convey the scheme.
And it’s not the first time he’s been accused of theft.
Federal court records from 2003 show Murchison was facing three federal charges in connection with transporting stolen vehicles. He was sentenced to 48 months in prison, suspended and forced to pay compensation.
A background check shows that Murchison has no arrest history in South Carolina.
Many court proceedings are sealed, but a bond hearing is scheduled for Monday at 11 a.m.
Murchison was named a public defender.