Historical Newspapers of South Carolina

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Indictment CONTINUED FROM PAGE 1 Morris became director at the company in 1963, the year it was founded in Pickens, according to the indictment. He served as boaVd chairman of Carolina Investors from 1991 until the com pany closed its doors last March, the indictment said. By 1998, the Carolina Investors' parent com pany, HomeGold, began suffering losses and started to borrow mon ey from its subsidiary. In the face of growing insta bility, Morris continued to en courage people to invest in the company and downplayed the risk between 1998 and March' 2003, the indictment said. Morris met with investors who were considering taking their money out of the company to dissuade them and called in vestors who made withdrawals to ask them to put the money back, the indictment said. Morris made statements such as, “Carolina Investors is as solid as the Rock of Gibraltar” and “We are not even part of HomeGold,” according to the in dictment. The indictments are the first by the state grand jury since the state Legislature gave it the au thority to examine investment acts earlier this year. No consideration was given to Morris' former state positions during the investigation, McMaster said. “The grand jury and investiga tors just follow where the investi gation leads without regard to sta tion or status,” McMaster said. McMaster would not say whether the investigation would lead to more indictments of Carolina Investors, or HomeGold officials, saying only that the in vestigation is continuing. Morris faces 233 years in prison and more than $1 million in fines if convicted on all counts, McMaster said. Morris was in dicted on one felony count of us ing a scheme to defraud investors and 22 felony counts and one mis demeanor count of making un true statements or omissions to investors. Morris faces up to 10 years in prison and a $50,000 fine on each felony count and three years in prison and a $30,000 fine on the misdemeanor charge. There are no minimum sentences for the crimes and an actual sentence will be up to a judge, attorney general spokesman Trey Walker said. Powell CONTINUED FROM PAGE 1 creased admissions requirements after he becomes acquainted with his new position. “Our thrust ought not to be on becoming more difficult to get into. It ought to be on increasing emphasis on excel lence,” he said. Another possibili ty he noted was to create a new as sistant dean position to address student affairs. UMKC Development Director Daniel Ryan said Powell’s work on an American Bar Association commission studying multidisci plinary practices garnered na tional attention for Powell and the law school. “He was a regular at all the lo cal bar meetings and really reached out to the community a lot,” Ryan said. “He’s a reputable lawyer and probably one of the smartest people I’ve ever had the pleasure of getting to know.” USC’s law school has 750 stu dents and 40 full-time faculty members. It is the only law school in South Carolina. Comments on this story?E-mail gamecocknews@gwm.sc.edu Webb CONTINUED FROM PAGE 1 searchers. “I don’t see people at USC with quite the level of exper tise and experience in this area that I have, so I think I can make a big impact and certainly have a lot offun,”hesaid. The nanocenter’s director, Richard Adams, hailed Webb’s de cision to come to USC as a major step in improving the reputation of research sciences at the university. “This program was designed to help us attract top researchers,” he said. “Richard Webb is not just going to compliment what we’re doing—he’ll.be the leader.” Webb said he is skeptical that his new lab will be completed on schedule because of the compli cated process of digging pits for large experimentation units. But he said he was excited at what the end result could do for the univer sity and the state. “When I talked to President Sorensen, I found that he has long term plans that indicate that this is one of his priorities for the uni versity to use as a magnet for drawing in top scientists, for drawing in industry, collaboration and hopefully turning out some thing that all of us can be proi of,” Webb said. Webb is also the recipient of the American Physical Society’s Buckley Prize and the Simon Memorial Prize from Oxford University. Comments on this story?E-mail gamecocknews@gwm.sc.edu Presidents CONTINUED FROM PAGE .1 learned what many college grad uates have gone through since en tering the work force. “It’s not as easy to get the jobs you think you’re going to get,” Ford said. Last year’s president, Ankit Patel, said he left USC to enjoy a year off before committing to any thing serious. “To be honest, I’m doing abso lutely nothing,” Patel said. Patel said he has been travel ing, visiting family, working with nonprofit groups and occasional ly working at a law firm. “Being out of school, I’ve had more time to get involved in orga nizations,” Patel said. But Patel also said his relaxing days are coming to a close as he gears up for law school at the University of North Carolina Chapel Hill in August. “It’s been a relaxing time, and an opportunity to make and save some money for law school,” Patel said. And while current SG President Katie Dreiling is finish ing up her senior year at USC as well as her last semester as presi dent, she said she is looking for ward to either going to law school or getting an MBA. Dreiling, a fourth-year political science student with a minor in Spanish, said she plans to stay in governmental leadership. “I want to be in politics i’/ South Carolina,” Dreiling said. 1 She added that her role as pres ident is something she will not easily forget. Comments on this story? E-mail gamecocknews@gwm.sc.edu Tour CONTINUED FROM PAGE 1 surprised Funderburk. “It opened my eyes to more in dividuals who struggled besides African-Americans,” Funderburk said. “In class we are taught the whites were all against the move ment, but I realized a lot of whites were supportive. It gives you a different viewpoint of civil rights.” Co-coordinator of the tour Krystal Johnson said the trip should make students more ap preciative of what civil rights ac tivists endured. “Since it is 2004, an election year, it should make minority stu dents especially appreciative of their right to vote, because our an cestors and even our parents had to fight for the right,” Johnson said. According to history professor Bobby Donaldson, the civil rights tour enables students to learn from the mistakes of the past. “The tour shows history is not dead — it impacts the struggles to day,” Donaldson said. “Students can make the connections be tween the struggles of the past and the present.” Johnson agreed the tour can motivate students, faculty mem bers and staff to continue working toward equality. “The fight isn’t over yet,” Johnson said. “This tour inspires you to do more in your communi ty and even the nation. ” | Comments on this story?E-mail gamecocknews@gwm.sc.edu www.dailygamecock.com I HOW WOULD YOU LIKE TO A SPRING BREAK Tl and other great prizes :;r rr»mr?« m it«Mv?T7T!Tiny»j •'^.:i'"' J*i j ■jTj [»]i & #ffiijKBt Grand prize: 4 nights at the f^-Jh* Sandcastle Resort in Myrtle Beach - Oceanfront room- for you and 3 friends! Uceantront Resort Great Runner Dp Prizee frem: At The pavilion Mellow - MR. 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