Thursday, July 3, 2008

Swindler Sentenced to More Than 24 Years

Last Thursday, an economist who admitted swindling hundreds of investors, was sentenced to more than 24 years in prison. He was also ordered to repay millions of dollars he stole from his unsuspecting clients. A former Charleston Southern University professor, Al Parish, stood silently with his hands behind his back as the long awaited sentence was handed down. He pleaded guilty last year to two counts of fraud and one count of lying to investors. He could have gotten as much as 30 years in prison under federal sentencing guidelines.

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