On Tuesday, Alex Murdaugh co-conspirator Russell Laffitte was handed down a sentence to seven years of imprisonment in jail for being involved in assisting the now-convicted assassin in plundering millions of dollars from customers and his previous legal business.
Alex Murdaugh co-conspirator Russell Laffitte was handed down a sentence to seven years of imprisonment in jail for being involved in assisting the now-convicted assassin in plundering millions of dollars from customers. (Photo: The State)
Laffitte is Charged with Financial Crimes
Laffitte, who was previously CEO of Palmetto State Bank, was proven of a total of six charges of felony financial crimes by a jury last November.
Laffitte had been appointed conservator in charge of funds from settlements Murdaugh secured for clients, but he squandered the funds in question.
The verdict emerged at the very end of a six-hour session that was both passionate and emotional, delving into the extremes of the ex-Palmetto State Bank CEO’s dealings with individuals in need.
READ ALSO: Back to school rally excited Sumter County, superintendent responds to bus system issue
Final Verdict of the Jury
In a published article released by The Post and Courier, Russell Laffitte, the Hampton lender liable of assisting former attorney Alex Murdaugh in robbing money from customers, was convicted and sentenced to seven years in federal prison on August 1 and has pledged to appeal the jury’s decision.
The Post and Courier in an article, pronouncing his ruling in the federal courthouse in Charleston, U.S. District Judge Richard Gergel pointed out that Laffitte participated a critical part in a roughly decade-long swindle targeting seriously susceptible clients.
Laffitte has to shell out approximately $3.6 million in reparations to reimburse the funds put up by his immediate family’s bank and Murdaugh’s old law company to make them whole. When he gets freed from prison, he will have to pay $2,000 each month.
READ ALSO: At least 1 man arrested after chase ends in downtown Columbia
