Clyde Parrish, 56, Athens, Texas pled guilty to one count of misprision of a felony in the federal court for the Eastern District of Texas.
According to information presented in court, Parrish’s wife, Julia Parrish, had devised a scheme to defraud investors by encouraging them to invest in real estate in Ireland that Julia Parrish claimed to own, but did not. As a result, she pled guilty to wire fraud and was sentenced to 27 months imprisonment on October 12, 2005. Although Mr. Parrish was aware of his wife’s scheme, he provided false information when interviewed by the FBI on July 14, 2004, concerning his wife’s scheme, and thereafter failed to notify authorities that his wife was committing fraud.
Parrish faces a sentence of imprisonment up to three years and a fine up to $250,000. A sentencing date has not been set.