An accomplice to convicted murderer Alex Murdaugh's financial misdeeds gets seven years in prison

The former CEO of a respected South Carolina bank will spend seven years in federal prison for helping Alex Murdaugh steal nearly $2 million from clients' legal settlements

Former Hampton banker Russell Laffitte arrives with his defense team and family at the U.S. District Court for his sentencing in Charleston,S.C. on Tuesday, Aug 1, 2023. Laffitte, who once headed a highly respected bank in the South Carolina Lowcountry will spend seven years in federal prison for helping convicted murderer Alex Murdaugh steal nearly $2 million from clients' legal settlements.

Laffitte acknowledged by name each victim sitting in the Charleston federal courthouse on Tuesday, local media reported. He apologized for not fulfilling his duties to them. He apologized to the judge for erring in his judgment. And he apologized to Palmetto State Bank customers for failing them. “In addition, the name ‘Russell Laffitte’ is now known throughout South Carolina and beyond, and not in a good way — Russell will be forevermore tied to Mr. Murdaugh and known infamously as 'the Murdaugh banker,” they wrote in a July 28 memo.

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