Fund Manager Targeted By SEC Claims Amnesia

Law360, New York (April 10, 2007, 12:00 AM EDT) -- A fund manager accused of making false statements and losing $134 million claimed amnesia after the U.S. Securities and Exchange Commission tried to contact him during an investigation into his firm.

Albert Parish, a professor at Charleston Southern University and founder of Parish Economics LLC, checked into a local hospital last Friday, one day after the SEC filed a fraud suit against him in the U.S. District Court for the District of South Carolina.

Parish founded his firm in 1986, creating four funds described as “informal...
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