Former South Carolina Lieutenant Governor Violates Bail
By Katie Hauser
Published on December 07, 2006
The $549,000 loan was to be used to pay taxes and other bills. Under the terms of his bail, Morris is required to obtain permission from the South Carolina Law Enforcement Division before applying for financial aid.
Morris is free on bail while he pursues appeals for his 2004 conviction on 22 counts of securities fraud as the result of his participation in the collapse of Carolina Investors in 2003. He was sentenced to 4 years in prison.
More than eight thousand investors lost over $275 million when Carolina Investors and its parent company, Home Gold, Inc. went under.
Morris will be scheduled to attend a hearing in regard to this matter.
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