Former Carolina Investors executive out of prison

GREENVILLE, S.C. (AP) - A former executive with a failed South Carolina investment company has been released from prison because he is terminally ill.

Former Lt. Gov. Earle Morris Jr. was released March 12 from the Lee Correctional Institution in Bishopville.

Corrections Department spokesman Josh Gelinas says Morris was released after doctors certified he was terminally ill. Morris has testified he suffers from prostate cancer.

Morris was convicted in 2004 of securities fraud in the collapse of Carolinas Investors. Morris was chairman of the company when its parent firm, HomeGold, went under and 8,000 investors lost $275 million.

Morris' attorney, Joel Collins, said Wednesday his client was in good spirits when he visited him shortly after his release from prison.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.