“I assumed so, yes,” Laffitte said of the loan.
“You knew because you were the one who did it,” Limehouse said.
Laffitte said he unknowingly set up a restorer account for a client
“I hadn’t checked her driver’s license or ID,” he said.
In another case, Laffitte acted as conservator for an account held by another settlement recipient,
Laffitte repeatedly said Monday morning that he was relying on Murdaugh’s instructions on how to withdraw money, even when Murdaugh was writing checks
Laffitte acknowledged that the loans to Murdaugh were unsecured as Murdaugh was over
At one point, Laffitte said he was relying on Murdaugh’s instructions “as her attorney” when withdrawing money from the account, but Limehouse fired back.
“You can’t count on him as a restorer unless you know those funds belonged to him
Limehouse pressured Laffitte for a
“We don’t talk to the board about how the funds will be spent,” Laffitte said.
The other issues weren’t mentioned in emails at the time because “we were told by our lawyers to keep our emails short,” he said.
Limehouse pointed out that Laffitte borrowed from Plyler’s account to pay off loans he received from another bank, credit card bills, and other personal expenses, and gave Murdaugh $1 million to pay off his loans. Laffitte made
“It wasn’t an exchange, it was a business decision,” Laffitte said. “If he needed money, I made the decision whether to pay it or not.”
Limehouse also pointed out that Laffitte didn’t pay taxes on the fees he received from the accounts, but Laffitte testified that it wasn’t because he helped Murdaugh steal money, it was because “I just don’t pay taxes on it.” wanted to pay”.
“It was stupid,” Laffitte testified.
On Friday, Laffitte testified for more than three hours while answering questions from his own attorneys.
Laffitte told jurors he followed Murdaugh’s instructions to withdraw money from clients at Murdaugh’s law firm, depending on the good intentions of the prominent Hampton County attorney, whom he described as a longtime client and personal friend.
Laffitte said on the stand Friday that he had never intentionally stolen money from anyone, but said that “I did it absolutely unintentionally.”
The former CEO of
Questions about the move, raised by members of Palmetto State Bank’s board of directors, eventually led to Laffitte being fired from the board. On Friday, Laffitte’s lawyers played a behind-closed-doors recording of a board meeting at which the bank’s lawyer discussed the payment with the board, hoping to show bank officials were aware of his actions at the time.
Laffitte was expected to be cross-examined for a few hours on Monday, with final arguments expected afterwards.
This is an evolving story. It will be updated.
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