Home Law & CrimeFormer Alex Murdaugh Business Partner Pleads Guilty to Bank Fraud in South Carolina

Former Alex Murdaugh Business Partner Pleads Guilty to Bank Fraud in South Carolina

by Sonia Park
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Former Alex Murdaugh Business Partner Pleads Guilty to Bank Fraud in South Carolina

Russell Laffitte, a former bank executive and longtime business associate of convicted murderer and fraudster Alex Murdaugh, formally pleads guilty to federal bank fraud charges in South Carolina as part of a new plea agreement that reduces his potential prison time. The deal comes after Laffitte’s initial 2023 conviction was overturned by an appeals court, paving the way for a potential second trial that will now no longer take place.

Under the terms of the agreement, Laffitte admits to knowingly participating in financial crimes that helped Murdaugh siphon hundreds of thousands of dollars from clients, many of whom were. . .

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