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bank fraud

  • FILE - Alex Murdaugh sits during his bond hearing Thursday, Sept. 16, 2021, in Varnville, S.C.For a century, the Murdaughs have quietly steered much of the legal world in this corner of the state, by running the prosecutor’s office and a large civil law firm. Then, in June, Murdaugh’s wife, Maggie, and son Paul were killed at the family’s sprawling estate. Six investigations are underway, over the killings, stolen money, death coverups and a Sept. 4 shooting in which a bullet grazed Murdaugh’s head on a lonely highway. Police said he tried to arrange his own death and make sure a $10 million life insurance policy would pay off for his surviving son. (AP Photo/Mic Smith, File)
    SC News
    Banker for Alex Murdaugh convicted of bank fraud charges
    Associated Press
    A banker charged with helping disbarred attorney Alex Murdaugh take money from the legal settlements of clients has been found guilty of wire and bank fraud charges in South Carolina. Former Palmetto State Bank CEO Russell Laffitte was allowed to remain free on bail after Tuesday's convictions as he awaits sentencing at a later date. Each of the six charges he was convicted of in federal court carry a maximum sentence of up to 30 years in prison. It was the first trial related to the sprawling Murdaugh legal drama that has captivated true-crime audiences. Murdaugh's trial on two counts of murder in the shooting deaths of his wife and son is scheduled to start in January.