COLUMBIA, S.C. — Former Hampton banker Russell Laffitte, who faces some 30 years in prison in connection with Alex Murdaugh’s alleged fraud schemes, should not have his current bond conditions relaxed, federal prosecutors said Aug. 31 in a new filing they say shows the seriousness of his crimes.
Those arguments plus more will be heard Tuesday in Charleston before U.S. Magistrate Judge Molly Cherry, who will decide whether Laffitte, 51 — indicted on state and federal charges — should have to wear a federally required GPS tracking monitor in additional to a state GPS monitor.
“Laffitte exploited the vulnerabilities of the very people for whom he was appointed to serve as fiduciary, preying upon and profiting from the assets he was charged and entrusted with managing,” prosecutors wrote.
