A former banker and alleged accomplice of disgraced legal scion, Alex Murdaugh, has agreed to a guilty plea in helping with some of his financial crimes.

Court records obtained by WCIV show that Russell Laffitte pleaded guilty to several federal fraud charges last week and will spend five years in prison. 

The records show that Laffitte also agreed to pay $3,555,884.80 in criminal restitution. Additionally, the former bank CEO will not be allowed to work at any federally insured bank or credit union without prior consent.

At the time of the crimes, Laffitte served as the CEO of Palmetto State Bank and allegedly used his position to carry out the schemes. He also acted as the conservator or financial representative for Murdaugh’s personal injury clients. 

Alex Murdaugh looks over evidence of a check brought to him and his attorneys in the double murder trial of Alex Murdaugh at the Colleton County Courthouse in Walterboro.  (Andrew J. Whitaker/The Post and Courier/Pool)

A judge ordered Murdaugh and Fleming to pay millions to an insurance company in January 2025 after they conspired to steal about $4 million in insurance funds from his housekeeper’s family following her death.

Murdaugh’s housekeeper, Gloria Satterfield, apparently tripped and fell on the front steps of the Murdaughs’ home on their South Carolina hunting estate, Moselle, and died later in a hospital.

The $4 million Murdaugh stole from the Satterfield family is part of the 100 financial crimes charges filed against Murdaugh involving millions in stolen funds from his former law firm clients.

Murdaugh had previously been ordered to serve 40 years for his financial crimes in federal court and 27 years for his financial crimes in state court.

Those sentences came on top of his life sentence for killing his wife, Maggie, and youngest son, Paul, in 2021. 

A Colleton County jury found the disgraced lawyer guilty of shooting Maggie and Paul near dog kennels on the family’s hunting estate in June of that year. Prosecutors say he was trying to create a distraction from his mounting financial crimes, which were beginning to come to light around that time. 

Fox News Digital’s Audrey Conklin and Danielle Wallace contributed to this report. 

Stepheny Price is a writer for Fox News Digital and Fox Business. She covers topics including missing persons, homicides, national crime cases, illegal immigration, and more. Story tips and ideas can be sent to stepheny.price@fox.com