Current:Home > NewsAlex Murdaugh pleads guilty to 22 counts of financial fraud and money laundering -MarketStream
Alex Murdaugh pleads guilty to 22 counts of financial fraud and money laundering
View
Date:2025-04-17 10:58:57
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! (23)
Related
- Illinois governor calls for resignation of sheriff whose deputy fatally shot Black woman in her home
- Attorneys for West Virginia governor’s family want to block planned land auction to repay loans
- Storms dump heavy snowfall in northern Arizona after leaving California a muddy mess
- Andy Reid's best work yet? Chiefs coach's 2023 season was one of his finest
- Jay Kanter, veteran Hollywood producer and Marlon Brando agent, dies at 97: Reports
- Oregon timber company sues Forest Service for not putting out 2020 wildfire before blowup
- Inert 1,000-pound bomb from World War II era dug up near Florida airport
- Defense requests a mistrial in Jam Master Jay murder case; judge says no but blasts prosecutors
- Travis Hunter, the 2
- Special counsel Robert Hur has completed report on Biden's handling of classified documents, Garland says
Ranking
- Elon Musk’s Daughter Vivian Calls Him “Absolutely Pathetic” and a “Serial Adulterer”
- Why is there an ADHD medication shortage in 2024? What's making generics of Vyvanse, Adderall and more so scarce
- Sex with a narcissist can be electric. It makes relationships with them more confusing.
- Man ticketed for shouting expletive at Buffalo officer can sue police, appeals court rules
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- The Battle Over Abortion Rights In The 2024 Election
- Man accused of stalking New York cafe owner by plane has been arrested again
- Vornado recalls 2 million garment steamers sold at Walmart, Amazon and Bed Bath & Beyond due to serious burn risk
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Maryland judges’ personal information protected under bill passed by Senate after fatal shooting
Defense requests a mistrial in Jam Master Jay murder case; judge says no but blasts prosecutors
The $11 Item Chopped Winner Chef Steve Benjamin Has Used Since Culinary School
Police remove gator from pool in North Carolina town: Watch video of 'arrest'
Wisconsin elections official claims he’s done more for Black community than any white Republican
Spencer Dinwiddie leads top NBA potential buyout candidates
Kick Off Super Bowl 2024 With a Look at the Kansas City Chiefs and San Francisco 49ers' Star-Studded Fans