The legal team that's selling jailed economist Al Parish's assets is putting 24 acres of his Yonge's Island property up for sale this month through an auction.
The land, which is near where Parish grew up in a rural part of Charleston County, is mostly low-lying cornfield property. Minimum bids of $181,500 are requested.
The auction comes as officials still are trying to calculate the total loss suffered by Parish's largest group of victims, which includes friends and family of Kalpana Patel of New York. At one point, the Patel loss was projected to be as much as $30 million.
Once those calculations are complete, officials say they can move closer to sending reimbursement checks to Parish's many victims.
David Dantzler, attorney for the court-appointed receiver in the case, said the sides are close in their final calculations.
The total pot of money hoped to be returned is estimated in the $9 million range, while Parish is believed to have lost as much as $66 million.
Parish, a former Charleston Southern University economist, is serving a 24-year sentence at a federal prison in Butner, N.C., after pleading guilty to investor fraud.
- The (Charleston) Post and Courier