SC - Paul Murdaugh & mom Margaret Found Shot To Death - Alex Murdaugh Accused - Islandton #18

[girlhasnoname]

PSB had the most generous overdraft policy to Alex M ever. <laughter> Acct was negative $347,000 after June 7th

 

[Boodles]

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90/10 seems quite generous. Maybe 50/50? He was a scamming faker.

 

[girlhasnoname]

Really, I wonder where all this money was going? We're not talking about a few thousand, but millions.

 

[arielilane]

Next witness is Michael (Tony) Satterfield.

 

[girlhasnoname]

Tony Satterfield is on the stand.

 

[arielilane]

https://twitter.com/AveryGWilks

With the jury out of the room, the state calls its fourth financial witness, Palmetto State Bank CEO and President Jan Malinowski. He took over that job after its former CEO, Russell Laffitte, was ousted over his dealings with Alex Murdaugh.

Malinowski was a big witness for the U.S. Attorney's Office as they successfully won convictions on all six charges against Russell Laffitte in his November federal trial.

Malinowski testifies Palmetto State Bank’s leaders met Aug. 12, 2021, two months after the murders, to discuss Murdaugh’s relationship with the bank. At the time, Murdaugh owed some $4.2 million to the bank, he said.

Malinowski is covering a lot of the same ground that was tread in Palmetto State Bank CEO Russell Laffitte’s November trial. He’s testifying about Murdaugh’s massive debts and Laffitte’s practice of loaning him money - without justification - to paper over them.

When a PSB executive asked about Murdaugh’s account on 8/9/21, it was overdrafted by more than $350K, Malinowski testifies. Russell Laffitte responded by transferring more than $400K to Murdaugh’s account to cover that up.

Prosecutor Waters: If it had come out at any particular time “that Alex Murdaugh had been stealing money from his partners or stealing money from his clients, would this bank have continued to loan him money?” Malinowski: “No sir.”

Defense attorney Jim Griffin closes Malinowski's testimony by establishing PSB profited from the relationship, making more than $4 million from Alex Murdaugh in interest payments.

 

[arielilane]

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[Batman's Mommy]

So.....property was put in MM's name in June prior to her death, and prior to the hearing in the Beach matter that was pertaining to AM as a defendant, and his financials, correct? So, upon her death, all of the property in her name would have to be probated through MM's estate..... Upon probate, a notice to creditors would be published and issued, and all debts would have to be paid from the estate's funds prior to the closing of the estate..... I find this interesting. JMO. moo

 

[BloodRayne1069]

Really, I wonder where all this money was going? We're not talking about a few thousand, but millions.

Google the street value of opioids- in that context it makes sense $$$.

 

[arielilane]

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[girlhasnoname]

After Gloria's passing, Alex went to Tony and told him he wanted to go after his insurance for help with medical bills. Alex said he would bring in his buddy Corey Fleming for Conflict of Interest reasons. Brought in Chad Westendorf he was going to be Tony's PR. They met 1 time. He mentioned $500K, never the $5M umbrella policy.

 

[girlhasnoname]

Google the street value of opioids- in that context it makes sense $$$.

I honestly don't believe Alex was addicted to opioids. JMO

 

[Batman's Mommy]

Bless this poor sweet child.... my heart hurts for this family, so much....

 

[Batman's Mommy]

On a lighter note, I cannot stop my mind from thinking of pirates......Lafitte, Redbeard........ JMO. moo

 

[arielilane]

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[girlhasnoname]

Had very little contact with Alex in the months ahead, AM said he going to try and get the brothers $100K each. After the media report of a settlement he called Alex asking about the settlement. Alex didn't tell him they had received settlements already.

 

[arielilane]

https://twitter.com/cathyrusson

This is a hearing being held so the judge can determine what, if any, of the financial crimes information can be in front of the jury.

 

[girlhasnoname]

Jim Griffin cross. After article came out about settlement, he called Alex in June.

 

[arielilane]

5 min break

 

[arielilane]

https://twitter.com/AveryGWilks

The state calls its fifth financial witness, Tony Satterfield, one of the sons of Murdaugh's late housekeeper and nanny Gloria Satterfield. Again, the jury is not in the room. This is all in an effort to determine if the financial evidence will be admitted in the murder case.

Lead prosecutor Creighton Waters is questioning Tony Satterfield. Satterfield testifies he thought Alex Murdaugh was his lawyer after his mother died after a fall on the Murdaugh’s Moselle property. Murdaugh brought his buddy, Cory Fleming, into the case but didn’t tell …

... Satterfield about his relationship with Fleming, Satterfield testifies. Satterfield said Murdaugh told him he couldn’t sue himself, so he needed Fleming to do it. Satterfield said Murdaugh told him he had a $100,000 insurance policy that would provide the Satterfields …

... some money after the loss of their mother. Satterfield testifies Murdaugh did not tell him about a larger, $5 million umbrella insurance policy that covered Murdaugh. Murdaugh continued to speak with Satterfield about the case, and Satterfield continued to believe …

In June 2021, the Satterfield family heard about a settlement in their case. That was around the time of the murders. Satterfield said he called Murdaugh and asked about the case. He said Murdaugh said they were still making progress and hoped to be done by the end of the year.

Satterfield said Murdaugh did not tell him about the $505K settlement or the $3.8 million settlement the Satterfield lawsuit had already generated. “Did he get your permission to steal your money?” Waters asked. “No," Satterfield said.

Griffin gets up for a brief cross-examination. He establishes that Satterfield can't remember whether he called Murdaugh about the reported settlement before or after the 6/7/21 slayings, just that he did so sometime in June 2021. Satterfield steps down from the witness stand.

Griffin will obviously want to establish that call came *after* the 6/7/21 slayings, not before. If it came before, it could play into the state's argument that Murdaugh knew his financial crimes were about to be exposed.

Needless to say, that will be brutal testimony for Alex Murdaugh if the jury hears it. The defense has argued Murdaugh was incapable of killing his wife and son in such a gruesome way. Waters can establish with Tony Satterfield that Murdaugh was capable of villainy.

Tony Satterfield testified he knew Murdaugh a long time and trusted him inherently. He thought Murdaugh was his lawyer, even in a case against Murdaugh himself. Tony had no inkling Murdaugh was merely using his mother Gloria’s death the steal from his own insurance carriers.

This is also precisely why the defense is adamant this shouldn’t be admitted into the murder trial. A jury will have a hard time hearing this and still believe Murdaugh was a good guy.

Edited: to include additional tweets.