‘A New History’

By Ron Barnett

Staff Reporter

PICKENS — For the past 16 years, the imposing red brick building at 208 Garvin St. in downtown Pickens has stood empty, a desolate reminder of a painful episode that still bears scars — the collapse of Carolina Investors.

It was here that some 12,000 people lost an estimated $278 million when the once-trusted Pickens-based financial institution went under amid a cloud of scandal and broken promises.

Visions of angry investors mobbing outside the building in March

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