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.
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7 Articles
Russell Laffitte, former banker who helped Alex Murdaugh with financial schemes, sentenced to a 8 years in prison
South Carolina Grand Jury indicted Laffitte, former CEO of Palmetto State Bank and co-conspirator of former attorney Alex Murdaugh, on banking charges
Russell Laffitte to be sentenced in state court for financial crimes
RICHLAND COUNTY, S.C. (WCBD) – Former Palmetto State Bank CEO Russell Laffitte will be sentenced Monday in state court. The hearing comes just two weeks after he was sentenced to five years in federal prison and ordered to pay $3.5 million in restitution for six federal counts of financial crimes. The former banker was accused of aiding Murdaugh in his scheme to funnel millions of dollars won for his clients into his own account. Laffitte pleade…
Russell Laffitte sentenced on state financial crime charges
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…
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