Current:Home > StocksAlex Murdaugh pleads guilty to 22 counts of financial fraud and money laundering -Wealthify
Alex Murdaugh pleads guilty to 22 counts of financial fraud and money laundering
View
Date:2025-04-27 13:34:41
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! (2)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- How inflation's wrath is changing the way Gen Z spends money
- Q&A: SAG-AFTRA President Fran Drescher reacts to Hollywood studios breaking off negotiations
- Microsoft closes massive deal to buy Call of Duty maker Activision Blizzard
- The Super Bowl could end in a 'three
- Ex-Illinois child welfare worker guilty of endangerment after boy beaten to death by mom
- 12-year-old's 'decomposing' body found in Milwaukee home, homicide investigation underway
- As Mexico expands abortion access, activists support reproductive rights at the U.S. border
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Palestinians flee northern Gaza after Israel orders mass evacuation with ground attack looming
Ranking
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Teen Mom's Kailyn Lowry Details New Chapter With Baby No. 5
- Tens of thousands protest after Muslim prayers across Mideast over Israeli airstrikes on Gaza
- AP PHOTOS: A week of war brings grief to everyday Israelis and Palestinians alike
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Law restricting bathroom use for Idaho transgender students to go into effect as challenge continues
- Teen Mom's Kailyn Lowry Details New Chapter With Baby No. 5
- Children younger than 10 should be shielded from discussions about Israel-Hamas war, psychologist says
Recommendation
A White House order claims to end 'censorship.' What does that mean?
At least 27 dead with dozens more missing after boat capsizes in northwest Congo
France investigates suspected poisoning of Russian journalist who staged on-air protest against Ukraine war
At least 27 dead with dozens more missing after boat capsizes in northwest Congo
The company planning a successor to Concorde makes its first supersonic test
Schumer says he’s leading a bipartisan group of senators to Israel to show ‘unwavering’ US support
How Chloé Lukasiak Turned Her Toxic Dance Moms Experience Into a Second Act
‘Barbenheimer’ was a boon to movie theaters and a headache for many workers. So they’re unionizing