Wade Hampton Area Businesses Under Federal Investigation

There is currently a federal investigation into two locally owned businesses, according to a report by WYFF4.

Cornerstone Mortgage and Southern Bankers on Wade Hampton Boulevard are now closed, but remain under investigation by the Internal Revenue Service, the Federal Bureau of Investigation and the U.S. Postal Inspection Service.

The owner of the businesses, Charles Candler, reportedly committed suicide on March 1 in Knoxville, Tenn.

An alleged multimillion dollar investment scam may have connections to the Upstate, according to federal investigators.News 4 has confirmed that two businesses on Wade Hampton Boulevard are named in a joint federal investigation conducted by the Internal Revenue Service Criminal Investigations Division, the FBI and the U.S. Postal Inspection Service.Cornerstone Mortgage and Southern Bankers on Wade Hampton are closed.

Annuity checks from the businesses mailed to investors in the Upstate have since bounced, according to the report.