Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Murdaugh indicted on fraud charges after South Carolina murder convictions

Published 05/24/2023, 02:09 PM
Updated 05/24/2023, 02:16 PM
© Reuters. FILE PHOTO: Richard Alexander Murdaugh is seen in a mugshot taken after his arrest, at Kirkland Reception and Evaluation Center in Columbia, South Carolina, U.S. in this handout obtained March 4, 2023. South Carolina Department of Corrections/Handout via

By Rich McKay

(Reuters) - Disbarred South Carolina lawyer Richard "Alex" Murdaugh, already convicted of murdering his wife and son, on Wednesday was indicted by a federal grand jury on 22 counts of financial fraud, including charges involving his housekeeper's death.

Murdaugh, 54, the scion of an influential legal family in an area west of Charleston, was convicted in March for the June 2021 murders of his wife, Margaret, and younger son, Paul.

Prosecutors said he gunned down his wife and son to distract from his financial crimes, including the theft of millions of dollars from his law partners and clients. He is accused of using money to feed a years-long addiction to opioids and support an expensive lifestyle.

The new indictments codify allegations that the former personal injury lawyer defrauded more than $3.4 million from an insurance settlement meant for the family of his housekeeper, Gloria Satterfield, a news release from the U.S. Attorney's office in South Carolina said. Satterfield died in 2018 after a fall at Murdaugh's home in Hampton, South Carolina

Murdaugh is also accused of siphoning off disbursements from personal injury settlements to bank accounts controlled by him, as well as wire fraud and collecting fees on nonexistent annuities, the U.S. attorney's statement said.

“Trust in our legal system begins with trust in its lawyers,” said U.S. Attorney Adair Boroughs.

© Reuters. FILE PHOTO: Richard Alexander Murdaugh is seen in a mugshot taken after his arrest, at Kirkland Reception and Evaluation Center in Columbia, South Carolina, U.S. in this handout obtained March 4, 2023. South Carolina Department of Corrections/Handout via REUTERS

“South Carolinians turn to lawyers when they are at their most vulnerable, and in our state, those who abuse the public’s trust and enrich themselves by fraud, theft, and self-dealing will be prosecuted to the fullest extent of the law."

Murdaugh's attorneys, Jim Griffin and Richard Harpootlian, told Reuters: "Alex has been cooperating with the United States Attorneys’ Office and federal agencies in their investigation of a broad range of activities. We anticipate that the charges brought today will be quickly resolved without a trial."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.