Alex Murdaugh sued by family law firm for stealing millions

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Alex Murdaugh, a disgraced South Carolina lawyer, was sued by his own family’s law firm this week after admitting to using a fraudulent bank account to siphon off millions for his personal use, court documents show.

The law firm Peters, Murdaugh, Parker, Eltzroth, Detrick (PMPED) – run in part by at least three other Murdaughs – his former drug addict shareholder in Colleton County sued Wednesday.

The lawsuit said “Alex Murdaugh was converting client and PMPED money for personal use” using a bank account for “a shell entity that does not provide any service or manufacture any product to sell.”

He “was able to secretly steal these funds by disguising settlement disbursements as payments” from the account, according to the lawsuit.

The ploy was discovered on September 2, nearly three months after the once powerful lawyer found his wife and 22-year-old son shot dead near their weekend hunting lodge, also in Colleton County, a indicated the cabinet.

Murdaugh, 53, was confronted the next morning, Sept. 3, and “admitted to converting money owed to PMPED and its clients for his personal use,” according to the lawsuit.

Legal scion Alex Murdaugh already has several charges pending against him.
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Police say Maggie Murdaugh (right) was visited by a divorce lawyer shortly before her death.
Police say Maggie Murdaugh (right) was visited by a divorce lawyer shortly before her death.
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The cabinet alerted law enforcement on September 4 – on the same day Murdaugh admitted to asking someone to shoot him in a conspiracy of assisted suicide to obtain $ 10 million life insurance for her surviving son, Buster.

He is said to be in rehab for opioid addiction after being released on $ 20,000 bail in the case.

PMPED said it “immediately retained the services of an accounting firm to begin a thorough review of all of Alex Murdaugh’s financial activities while employed at PMPED. This review is ongoing.

The doors near Alex Murdaugh's home in Islandton, South Carolina.
The doors near Alex Murdaugh’s home in Islandton, South Carolina.
AP Photo / Jeffrey Collins
Alex Murdaugh has been sued by a family business for allegedly using fake accounts to steal millions of dollars.
Alex Murdaugh has been sued by a family business for allegedly using fake accounts to steal millions of dollars.
AP Photo / Mic Smith, File

The PMPED “has paid off all trust accounts of clients who suffered a known loss” as a result of the fraud – and expects more more to emerge, according to the lawsuit.

The lawsuit did not say how many were taken. But sources close to the firm told local outlet FitsNews that Murdaugh stole over $ 10 million.

The children of Murdaugh’s late housekeeper Gloria Satterfield, who died at her home under suspicious circumstances in 2018, have already recovered $ 4.3 million he allegedly stole from them.

The PMPED trial stated that "Alex Murdaugh converted client and PMPED money for his personal use.
The PMPED lawsuit stated that “Alex Murdaugh was converting client and PMPED money for personal use.
PMPED

His death and the millions of missing people are just one of many alleged crimes of Murdaugh being investigated by the South Carolina Law Enforcement Division (SLED), which is also leading the search for the murderer of his wife, Maggie, 52, and son Paul, 22. in June.

Jim Griffin, one of Murdaugh’s defense attorneys, called the PMPED trial a “very sad development”.

“Alex holds every member of the cabinet in the highest regard,” he said. told The Post and Courier. “He promised his full cooperation to the company.


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