Al Parish cuts deal in investment-fraud case

From the front page of the local paper:

Al Parish, the former high-flying Charleston Southern University economist who burned through millions of investors’ dollars to fund a lavish lifestyle of gold watches, custom cars and pens, confessed to his crimes Friday.

In a plea deal that reduces the number of criminal charges from 11 to three, Parish admitted guilt in a massive case of investment fraud.

He said little during his one-hour appearance inside the federal courthouse in Charleston. But an FBI agent said the con was simple: Investors were lured by promises of stellar returns, only to see their money pay for his extravagance.

And a Christian response to this is….? Prayer and a lack of surprise, I would hope. A full doctrine of sin means understanding that we all lead desperately fractured, double lives. Read it all–KSH.

Posted in * Economics, Politics, * South Carolina, Economy