Skip to main content
See every side of every news story
Published loading...Updated

Russell Laffitte Sentenced on State Financial Crime Charges

Russell Laffitte pleaded guilty to eight financial crime charges and must pay over $3.5 million in restitution, complete 350 hours of community service, and lose his banking licenses.

Summary by WCBD
RICHLAND COUNTY, S.C. (WCBD) – Former Palmetto State Bank CEO Russell Laffitte was sentenced Monday after pleading guilty to a slew of state financial crime charges. Laffitte faced eight charges that stemmed from three South Carolina State Grand Jury indictments, including criminal conspiracy, breach of trust, and computer crime. Laffitte was serving as chief executive officer for Palmetto State Bank when authorities said he helped loan millions…

7 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 83% of the sources are Center
83% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

WCBD broke the news in Charleston, United States on Monday, October 13, 2025.
Sources are mostly out of (0)
News
For You
Search
BlindspotLocal