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Convicted Murderer Alex Murdaugh Federally Charged in Insurance Scheme

According to Insurance Journal, disgraced injury attorney and convicted murderer, Alex Murdaugh, was officially indicted last month on 22 federal charges to include “defrauding clients, laundering money, and diverting insurance proceeds to his personal account.”

Here are the details of scheme, as reported by Insurance Journal and the U.S. Attorney’s Office:

  • “Murdaugh set up a fake bank account in the name of a corporation that he presented as a structured insurance settlement program. He funneled personal injury settlements through the account but used the money for personal gain.”

  • “Also, he conspired with another attorney to defraud his housekeeper’s family out of life insurance proceeds after her suspicious death in a fall at Murdaugh’s home in 2018. Murdaugh recommended that the housekeeper’s estate hire the attorney, Cory Fleming,” (Murdaugh’s longtime friend/college roommate), “to represent them and file a claim against Murdaugh to collect from his homeowner’s insurance policies.”

  • “Murdaugh’s insurance companies settled the estate’s claim for $505,000 and $3,800,000. The indictment alleges that Murdaugh and Fleming then conspired to siphon the funds, disguised as ‘prosecution expenses,’ for their own personal enrichment.”

  • Fleming pleaded guilty last month to fraud charges in connection with the scheme, and is facing a maximum penalty of up to five years in prison and a fine of up to $250,000.

  • “In another part of the scheme, the grand jury found that from 2011 to 2021, Murdaugh conspired with his banker, Russell Laffitte, to commit wire fraud and bank fraud. Murdaugh and his law firm asked Laffitte to serve as conservator for a number of clients, and Laffitte collected more than $350,000 in fees.”

  • “As part of the scheme, the law firm made settlement checks payable to ‘Palmetto State Bank.’ The checks were then delivered to Laffitte, who then paid off Murdaugh’s personal loans and used the money for Murdaugh’s personal expenses and cash withdrawals.”

  • Laffitte was convicted in November 2022 of fraud and conspiracy to commit wire and bank fraud, for his role in this scheme, and is currently awaiting sentencing.

...just continuously adding to the deplorable crimes he's committed.

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