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Former banker Russell Laffitte has pleaded guilty to state charges for his role in Alex Murdaugh's financial schemes.

Laffitte previously pleaded guilty to six federal charges and is expected to receive a sentence of roughly five years.

For the state charges, Laffitte is expected to get an eight-year sentence to be served concurrently with his federal time.

Laffitte will pay $3.55 million in restitution to his victims and will be permanently barred from the banking industry.

Disgraced former Hampton County banker Russell Laffitte, the primary accomplice in convicted, nationally infamous fraudster Alex Murdaugh's financial schemes, has now pleaded guilty to state charges in addition to his previous federal pleas.

Laffitte, former CEO of Palmetto State Bank in Hampt

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