Overview

• He pleaded guilty to eight state counts tied to schemes that moved client settlement and conservatorship funds to benefit Alex Murdaugh and himself.
• The deal calls for an eight-year state term to run at the same time as a proposed five-year federal sentence, with credits that could place his release around May 2027.
• Prosecutors said he sold Palmetto State Bank stock to generate more than $3.5 million for restitution, with additional amounts still to be addressed.
• Authorities ordered lifetime revocation of his FDIC licenses, preventing any return to the banking industry.
• The plea follows the 2024 appellate reversal of his 2022 federal convictions and his spring 2025 federal guilty plea; federal sentencing is expected Monday in Charleston, with state sentencing set for Oct. 13.