9/11/2023 0 Comments Buster murdaugh update![]() Murdaugh is currently facing seven civil suits, with possibly eight more coming from Bamberg-based attorney Justin Bamberg, who told The Hampton County Guardian he is representing several of Murdaugh’s alleged victims. What happens next? Will all victims be made whole? Lay has indicated during bond hearings that even if Murdaugh had liquidated assets to post bond, he and McCoy would “resist that.” Any liquidated assets that Murdaugh receives would likely go into the settlement account. Some of this real estate cannot be disposed of or liquidated without satisfying liens or mortgages, Lay said. The Moselle property, which contains 11 parcels of land totaling 1,772.2 acres in both Colleton and Hampton counties, has a total appraised value of $934,800, according to Hampton and Colleton property tax records. These assets include a beach house on Edisto Island and the “Moselle” property where Murdaugh was living with his wife and younger son at the time of the double homicide. Probate assets that are expected to come to Murdaugh following the June 2021 death of his wife, Maggie Murdaugh, who was shot and killed at their Colleton County home along with their younger son, Paul.The amount of this trust and when it will transfer to Murdaugh isn’t known at this time, Lay said. An estate trust that is expected to come to Murdaugh following the June 2021 death of his father, Randolph Murdaugh III. ![]() These tracts have a total estimated appraised value of $687,000, Beaufort County public records show. Property records indicate that Murdaugh is listed as a co-owner of three wooded tracts totaling 30 acres amid the waterways of St. Some of this real estate is owned through LLCs, Lay said. Real estate that Murdaugh has an interest in, along with other individuals, but can’t liquidate without court action, including a hunting club and some “small islands” around Beaufort County.An IRA retirement fund worth somewhere between $350,000 and $400,000.A retirement account worth somewhere between $2.1 and $2.2 million.Three bank accounts, containing a total of $10,000 in cash.Here is a snapshot of Murdaugh’s assets as outlined by Lay: Murdaugh's current assets: There are also numerous creditors, the co-receiver added. Retirement funds and funds set aside in a trust are examples of assets that are out of Murdaugh's reach. The co-receivers have control over all of these assets now, but even they don’t have access to some “protected assets,” Lay said. Lay has told the court that, after scouring public records and sending out roughly 50 subpoenas for information, he and McCoy are starting to get a picture of Murdaugh’s true worth – but that picture is “complicated.”ĪBC 20/20 special: 'A long road ahead' in the complicated Murdaugh crime saga 10 virtual hearing on a motion to reduce Murdaugh’s bond.ĭuring the recent hearing, Harpootlian told the court that Murdaugh “can’t even pay his phone bill” and doesn’t even have money to buy underwear while in jail. “The question is, what resources does he have, and what can he post, if he can post anything at all,” said Murdaugh lead attorney Richard Harpootlian during the Jan. Grand Jury Presiding Judge Alison Renee Lee have given the public an insight into just what type of assets Murdaugh owns – but access to those assets remains in question. Lay and McCoy are court ordered to ascertain all of Murdaugh’s assets and create a settlement fund for any present and future civil claims. Murdaugh case updates: Judge denies reduction, reconsideration of Alex Murdaugh's $7 million bond He has not entered a plea on any charges at this point.īecause of the multiple, and likely multi-million-dollar, civil suits - and concerns from alleged victims that Murdaugh may try to hide or liquidate assets - the courts have ordered that all of Murdaugh’s assets are to be controlled by two co-receivers, South Carolina attorneys John Thomas Lay and Peter McCoy. 18, he is facing 51 criminal charges, mostly for accusations that he stole from his clients, his law partners and other attorneys. He is also facing seven civil lawsuits. Glenn Detention Center in Richland County on a $7 million bond with no ten percent option. Murdaugh is currently detained in the Alvin S. Suspended South Carolina attorney Richard Alexander Murdaugh has millions in assets, according to attorneys and property records, but how much can and will be used to make his alleged victims whole remains an unanswered question.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |