Alex Murdaugh’s Banker Pleads Guilty, Faces Prison
Russell Laffitte, a 54‑year‑old South Carolina banker accused of helping Alex Murdaugh move millions to conceal thefts from clients, pleaded guilty Sept. 25, 2025 to eight state counts as part of a coordinated state–federal deal. The plea calls for concurrent state and federal prison terms (a federal term of about five years and an eight‑year state term), $3.5 million in restitution paid via sale of bank stock, and scheduled sentencing dates including a state hearing on Oct. 13 and an upcoming federal sentencing in Charleston.
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Banker for Alex Murdaugh faces prison time as state and federal cases wrap up
New information:
- Laffitte pleaded guilty to eight state counts on Sept. 25, 2025.
- He has a coordinated federal plea (bank and wire fraud) that should wrap up by end of October; federal sentencing expected Monday in Charleston.
- Laffitte sold bank stock to pay $3.5 million restitution; deal contemplates concurrent eight‑year state sentence and roughly five years federal, with credit for house arrest since May 2022.