COLUMBIA, S.C. AP – A federal judge has approved a nearly $4 million agreement to settle allegations that Charleston Southern University helped a former professor swindle investors out of tens of millions of dollars, according to court documents.

Al Parish, a former economics professor at the school who was known for loud sports coats and a Web site that depicted him in superhero costume, pleaded guilty in October to federal charges of fraud and lying to investigators. The settlement between the investors and the 3,300-student university in Charleston was approved Monday.