South Carolina attorney Alex Murdaugh's bond set at $7M on financial crimes charges.
The entire $7 million must be posted for Alex Murdaugh to go on house arrest with electronic monitoring, get counseling and be randomly drug tested, said Circuit Judge Alison Renee Lee in the virtual hearing.
The firm announced its own investigation into missing funds shortly after Murdaugh said he was going into rehab in September. “My head is on straighter, I’m thinking clearer than I have in a long, long time,” Murdaugh said. “I want to deal with these charges appropriately and head-on. I want to repair as much of the damage that I’ve done as I can. I want to repair as many of the relationships as I can.”
Investigators say Murdaugh used a fraudulent bank account he created with a similar name to a company that handles legal settlements. According to indictments, he then used the money to pay bank overdraft fees, credit card payments, checks written to friends and family and other items.
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