Current:Home > ContactAlex Murdaugh pleads guilty to 22 counts of financial fraud and money laundering -Elite Financial Minds
Alex Murdaugh pleads guilty to 22 counts of financial fraud and money laundering
View
Date:2025-04-16 06:28:22
Disgraced attorney Alex Murdaugh pleaded guilty to 22 counts of financial fraud and money laundering in court on Thursday.
"He's been totally cooperative and apologized to the victims of his theft," Murdaugh's lawyer, Dick Harpootlian, told reporters after the hearing. "This is, we believe, the first step for him in putting this behind him. He did not argue with a single fact. He did not argue with me to push back on any allegation."
Murdaugh is already serving a life sentence after he was found guilty in March of fatally shooting his wife and their youngest son near the family's estate in June 2021.
MORE: Alex Murdaugh sentencing: Disgraced SC attorney gets life in prison
In May, a federal grand jury returned a 22-count indictment against the former lawyer for bank fraud, wire fraud, money laundering and conspiracy to commit wire fraud and bank fraud.
The indictment accuses Murdaugh, 54, of engaging in three different schemes to obtain money and property from his personal injury clients while he was working as a personal injury attorney at his Hampton, South Carolina, law firm between 2005 and 2021.
The alleged schemes involved routing clients' settlement funds to his own accounts as well as to a fake account under the name "Forge," as well as conspiring with a banker to commit wire fraud and bank fraud. The banker, Russell Laffitte, was convicted on six federal charges in connection with the scheme in November 2022, prosecutors said.
The indictment further alleges that Murdaugh conspired with another personal injury attorney to defraud the estate of his former housekeeper, Gloria Satterfield, who died after a fall at Murdaugh's home in February 2018. Prosecutors allege Murdaugh funneled nearly $3.5 million into his fake account "for his own personal enrichment."
Murdaugh's life sentences for the murder of his wife and son will run consecutively, Judge Clifton Newman said during his sentencing in March.
veryGood! (49)
Related
- Current, future North Carolina governor’s challenge of power
- Jurors weigh fate of Afghan refugee charged with murder in a case that shocked Muslim community
- Judge delays Trump hush money criminal trial
- Sam Bankman-Fried deserves 40 to 50 years in prison for historic cryptocurrency fraud, prosecutors say
- $73.5M beach replenishment project starts in January at Jersey Shore
- Authorities order residents to shelter in place after shootings in suburban Philadelphia township
- Céline Dion Shares Rare Photo With Her 3 Sons Amid Health Battle
- College Football Playoffs new six-year contract starting in 2026 opens door to expansion
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- 2024 NFL free agency updates: Tracker for Friday's biggest buzz, notable contracts
Ranking
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- America is getting green and giddy for its largest St. Patrick’s Day parades
- Jimmy Garoppolo signs one-year contract with Los Angeles Rams, per reports
- Judge delays Trump hush money criminal trial
- The company planning a successor to Concorde makes its first supersonic test
- WWE WrestleMania 40 match card: 10 matches, what to know three weeks ahead of event
- British warship identified off Florida coast 3 centuries after wreck left surviving crew marooned on uninhabited island
- The Supreme Court won’t intervene in a dispute over drag shows at a public university in Texas
Recommendation
Tom Holland's New Venture Revealed
In close primary race, trailing North Carolina legislator files election protests
Arizona authorities say a road rage incident led to a motorist’s death. The other man was arrested.
The 10 Best Backless Bras That Stay Hidden and *Actually* Give You Support
South Korean president's party divided over defiant martial law speech
'Squid Game' actor O Yeong-Su, 79, convicted of sexual misconduct for 2017 incident: Reports
'Manhunt' review: You need to watch this wild TV series about Lincoln's assassination
Is Jason Momoa Irish? 'Aquaman' actor stars in Guinness ad ahead of St. Patrick's Day