October 19, 2007

Economics Professor Pleads Guilty to Fraud

By MARY ANDOM

A former Charleston Southern University economics professor, who was accused of defrauding the university and hundreds of other investors out of $90-million, pleaded guilty in federal court in Charleston, S.C.

The professor, Albert E. Parish Jr., who authorities say spent the proceeds on cars, clothing, and a world-class pen collection, could face 45 years in prison when he is sentenced.

For many years, Mr. Parish was a high-flying symbol of success in Charleston, a "shining