An associate of former South Carolina lawyer Alex Murdaugh was indicted on charges that he helped the accused murderer launder and misappropriate millions of dollars.
A federal grand jury charged former Palmetto State Bank CEO Russell Laffitte with conspiracy, wire fraud, and bank fraud on Wednesday.
Laffitte served as a conservator for Alania Spohn and Hannah Plyler, two young sisters represented by Murdaugh. The sisters were awarded settlement money in connection with a 2005 accident that killed their mother and brother, according to the indictment.
Laffitte allegedly schemed with the disgraced lawyer to pillage the girls’ accounts and steal $355,000 for himself and $990,000 for Murdaugh, court documents said.
He also misused bank funds to give Murdaugh an unauthorized $750,000 loan for “beach house renovations and expenses” and sent $680,000 of the bank’s money to pay back a debt Murdaugh had illegally transferred to him, according to the grand jury.
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SOURCE: New York Post, Jesse O’Neill
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