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flag A South Carolina banker was sentenced to 5 years in prison for helping divert $2M in settlement funds to cover Alex Murdaugh’s debts.

flag Russell Laffitte, a former South Carolina banker, was sentenced to five years in federal prison on September 29, 2025, for his role in a fraud scheme tied to disgraced attorney Alex Murdaugh. flag Laffitte, 54, pleaded guilty to conspiracy, bank fraud, wire fraud, and misapplication of bank funds, admitting he helped divert nearly $2 million in client settlement funds to cover Murdaugh’s debts. flag The sentence, handed down by U.S. District Judge Richard Gergel, includes three years of supervised release, a $20,000 fine, and a $600 special assessment. flag Laffitte must also pay $3.5 million in restitution. flag His conviction follows a prior 2022 sentence overturned on appeal due to judicial errors. flag The case is part of a broader investigation into Murdaugh’s financial crimes.

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