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Murdaugh Fraud 'Co-Conspirator' Sentenced to 5 Years in Federal Prison

Laffitte pleaded guilty to stealing nearly $2 million from legal clients and must pay $3.5 million in restitution under a plea deal, prosecutors said.

Summary by WSAV
SAVANNAH, Ga. (WSAV) — Former banker Russell Laffitte has been sentenced to five years in federal prison after pleading guilty to multiple charges, officials announced Monday. Former CEO at Palmetto State Bank, Laffitte pleaded guilty to conspiracy to commit wire fraud and bank fraud, wire fraud, bank fraud and three counts of misapplication of bank funds. Laffitte was a co-conspirator to Alex Murdaugh, the Lowcountry attorney who was found guil…

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The Post and Courier broke the news in Charleston, United States on Monday, September 29, 2025.
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