Al Parish

Economist, Person

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Who is Al Parish?

Al Parish is a former Charleston Southern University economist, who was sentenced to federal prison after pleading guilty to financial fraud. Nearly 300 people lost up to $66 million invested in Parish Economic's private investment funds. Before being charged with fraud, Parish was known as a flamboyant local financial expert dubbed 'Economan', and was known for his $1.2 million pen collection, including a $170,000 diamond-encrusted pen.

He began serving a 24-year sentence in the summer of 2008 after pleading guilty to orchestrating a Ponzi scheme, and was ordered to pay restitution of $66.8 million. Investigators believe they will recover $9–15 million for investors, but the investigation has cost more than $2 million.

He is serving his sentence at Butner Federal Correctional Complex outside of Raleigh, North Carolina along with inmates such as Bernard Madoff.

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Submitted
on July 23, 2013

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