Posted on 04/08/2007 8:08:05 PM PDT by The_Media_never_lie
Al Parish, a prominent economics professor at Charleston Southern University and a flamboyant fixture in the local business community, was accused Thursday of securities fraud by the federal government, which said perhaps tens of millions of dollars are missing.
Parish and his Parish Economics LLC, a company owned by Parish and his wife that has invested on behalf of an estimated 300 individuals and companies, were sued for five counts of civil fraud by the Securities and Exchange Commission.
(Excerpt) Read more at charleston.net ...
wow a crooked money manager
i am shocked
The fact that he was an economist should have tipped them off.
You dont even have to know anything about business to know that your money manager should only have authorization to trade your account, not the actual custody of your funds. That way you get a statement every month from the custodian, whether it is Schwab, Fidelity, whoever and stuff like this cant happen.
“The fact that he was an economist should have tipped them off.”
Nah,the jacket an tie should have tipped them off.
This seems so obvious. Then throw in the outrageous jackets and a little folksy charm and people go crazy with their money. It's almost as bad as the old Nigerian money expatriating scams.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.