Alex Murdaugh: SC bank CEO fired over ex-lawyer's alleged schemes to defraud deaf quadriplegic, others
Fox News
The CEO of a prominent South Carolina bank was fired on Friday as allegations came to light that he and others might have been involved in disgraced attorney Alex Murdaugh’s alleged schemes to defraud a deaf quadriplegic man and additional former clients out of hundreds of thousands of dollars.
"Palmetto State Bank has this afternoon permanently severed the employment of Russell Laffitte, effective immediately," board president Jan Malinowski confirmed in a statement to the Island Packet Friday. "The bank and its board of directors remain fully committed to their customers, employees, shareholders, and the communities Palmetto State Bank serves."
Laffitte’s family founded Palmetto State Bank in Hampton, South Carolina in 1907. That’s just three years before Murdaugh’s great-grandfather founded the personal injury law firm PMPED in 1910.