Current:Home > StocksAlex Murdaugh pleads guilty to 22 counts of financial fraud and money laundering -WealthRise Academy
Alex Murdaugh pleads guilty to 22 counts of financial fraud and money laundering
View
Date:2025-04-12 03:05:44
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! (98716)
Related
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- These kids revamped their schoolyard. It could be a model to make cities healthier
- American Climate Video: Fighting a Fire That Wouldn’t Be Corralled
- Here's What's Coming to Netflix in June 2023: The Witcher Season 3, Black Mirror and More
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Millionaire says OceanGate CEO offered him discount tickets on sub to Titanic, claimed it was safer than scuba diving
- Here's What's Coming to Netflix in June 2023: The Witcher Season 3, Black Mirror and More
- Growing without groaning: A brief guide to gardening when you have chronic pain
- Could your smelly farts help science?
- Top Democrats, Republicans offer dueling messages on abortion a year after Roe overturned
Ranking
- Average rate on 30
- Video: A Climate Change ‘Hackathon’ Takes Aim at New York’s Buildings
- Growing without groaning: A brief guide to gardening when you have chronic pain
- Tourist subs aren't tightly regulated. Here's why.
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Proof Blake Shelton and Gwen Stefani's Latest Date Night Was Hella Good
- Canada Sets Methane Reduction Targets for Oil and Gas, but Alberta Has Its Own Plans
- Florida Ballot Measure Could Halt Rooftop Solar, but Do Voters Know That?
Recommendation
Global Warming Set the Stage for Los Angeles Fires
Consumer Group: Solar Contracts Force Customers to Sign Away Rights
Enbridge Fined for Failing to Fully Inspect Pipelines After Kalamazoo Oil Spill
21 of the Most Charming Secrets About Notting Hill You Could Imagine
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Rush to Nordstrom Rack's Clear the Rack Sale to Get $18 Vince Camuto Heels, $16 Free People Tops & More
The Most Jaw-Dropping Deals at Anthropologie's Memorial Day Sale 2023: Save 40% on Dresses & More
Enbridge Fined for Failing to Fully Inspect Pipelines After Kalamazoo Oil Spill