Alex Murdaugh Sentenced to 40 Years for $10M Fraud, Despite Murder Conviction Appeal
April 1, 2024Alex Murdaugh received an additional 40-year federal prison sentence for financial crimes, including money laundering, bank fraud, and wire fraud.
The sentence, for stealing $10 million from 27 victims with $6 million unaccounted for, is one of the harshest for a white-collar criminal in South Carolina.
Murdaugh's consecutive life sentences for the murder of his wife and son are also under appeal, but this new sentence ensures extended incarceration regardless of the appeal's outcome.
Judge Richard Gergel highlighted the betrayal of trust in Murdaugh's crimes, dismissing the defense's argument that drug addiction was a driving factor.
Murdaugh must pay nearly $9 million in restitution, with federal authorities still investigating the missing funds and possible accomplices.
The case has captured significant public interest, spawning documentaries, podcasts, and social media discussions, with expectations of lengthy appeals ahead.
Summary based on 20 sources
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Sources
The Guardian • Apr 1, 2024
Alex Murdaugh sentenced to 40 years for stealing from clients and law firmYahoo News • Apr 1, 2024
‘Disgrace.’ Federal judge shows no mercy for Murdaugh’s many crimes, betrayalsYahoo News • Apr 1, 2024
Alex Murdaugh to be federally sentenced for financial crimes