Auction of Accused Professor's Holdings Nets $2.35-million

A court-ordered sale of the rich holdings of a former economics professor at Charleston Southern University brought in $2.35-million for the estimated 600 people he allegedly bilked through investment companies he ran, the Associated Press reports. Albert E. Parish Jr.’s college is among those that say they lost money in the scheme, estimated at $50-million by investigators. Among the items on the auction block were a custom Mercedes-Benz, Mount Blanc pens, 117 expensive watches, and guitars owned by George Harrison, Jimi Hendrix, and Keith Richards. —Jeffrey Selingo

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Auction of Accused Professor's Holdings Nets $2.35-million

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