Convicted Murderer Alex Murdaugh's Remaining Assets Disbursed to Boat Crash Victims
Feb 08, 12:00 PM
In a significant development following the legal saga surrounding convicted murderer Alex Murdaugh, a court order issued on February 5th has allocated almost half of his remaining assets to victims of a deadly 2019 boat accident, according to the Post and Courier.
The court order, stemming from a tragic incident where a boat driven by Murdaugh's son, Paul, crashed into a bridge piling, allocates 29% of the funds to the family of Mallory Beach, who lost her life in the accident. Mallory's family has expressed that their pursuit was more about accountability and setting a precedent than about the money itself.
"From the Beach's perspective, it really was never about the money," remarked Beach family attorney Mark Tinsley. "It was all about accountability and precedent, and making an example in the hopes that before someone allows their kid to live dangerously and drink and drive, and enables them to engage in this unlawful conduct, that somebody will take stock of what happened and that you can lose everything."
Tinsley emphasized that while the monetary compensation is significant, the greater comfort lies in the acknowledgment of accountability and the potential deterrent effect on similar incidents in the future.
The disbursement also includes 11% for Paul Murdaugh's then-girlfriend, Morgan Doughty, and 5% for another survivor, Miley Altman, totaling 45% for victims of the boat crash and their loved ones. These funds, totaling just under $1.8 million, were garnered from the sale of some of Murdaugh's properties and farm equipment, as well as from a 401(k) plan.
The disbursement of assets comes amidst a backdrop of legal turmoil for Murdaugh, a well-known attorney in the South Carolina Lowcountry region. His legal troubles escalated after he claimed to have discovered his wife, Maggie, and youngest son, Paul, shot to death on their hunting lodge grounds in June 2021. Subsequently, Murdaugh was indicted for their murders in July 2022 and found guilty in March 2023, receiving a life sentence without parole.
In November, Murdaugh pleaded guilty to 22 financial crimes, including wire fraud and money laundering, totaling a separate chapter in his legal entanglements. His assets were seized in November 2021 amid ongoing investigations into his financial misconduct.
The disbursement of assets represents a significant step in bringing closure to the victims of the boat accident while underscoring the multifaceted legal challenges faced by Murdaugh.
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The court order, stemming from a tragic incident where a boat driven by Murdaugh's son, Paul, crashed into a bridge piling, allocates 29% of the funds to the family of Mallory Beach, who lost her life in the accident. Mallory's family has expressed that their pursuit was more about accountability and setting a precedent than about the money itself.
"From the Beach's perspective, it really was never about the money," remarked Beach family attorney Mark Tinsley. "It was all about accountability and precedent, and making an example in the hopes that before someone allows their kid to live dangerously and drink and drive, and enables them to engage in this unlawful conduct, that somebody will take stock of what happened and that you can lose everything."
Tinsley emphasized that while the monetary compensation is significant, the greater comfort lies in the acknowledgment of accountability and the potential deterrent effect on similar incidents in the future.
The disbursement also includes 11% for Paul Murdaugh's then-girlfriend, Morgan Doughty, and 5% for another survivor, Miley Altman, totaling 45% for victims of the boat crash and their loved ones. These funds, totaling just under $1.8 million, were garnered from the sale of some of Murdaugh's properties and farm equipment, as well as from a 401(k) plan.
The disbursement of assets comes amidst a backdrop of legal turmoil for Murdaugh, a well-known attorney in the South Carolina Lowcountry region. His legal troubles escalated after he claimed to have discovered his wife, Maggie, and youngest son, Paul, shot to death on their hunting lodge grounds in June 2021. Subsequently, Murdaugh was indicted for their murders in July 2022 and found guilty in March 2023, receiving a life sentence without parole.
In November, Murdaugh pleaded guilty to 22 financial crimes, including wire fraud and money laundering, totaling a separate chapter in his legal entanglements. His assets were seized in November 2021 amid ongoing investigations into his financial misconduct.
The disbursement of assets represents a significant step in bringing closure to the victims of the boat accident while underscoring the multifaceted legal challenges faced by Murdaugh.
Want to listen to ALL of our podcasts AD-FREE? Subscribe through APPLE PODCASTS, and try it for three days free: https://tinyurl.com/ycw626tj
Follow Our Other Cases: https://www.truecrimetodaypod.com
The latest on Catching the Long Island Serial Killer, Awaiting Admission: BTK’s Unconfessed Crimes, Delphi Murders: Inside the Crime, Chad & Lori Daybell, The Murder of Ana Walshe, Alex Murdaugh, Bryan Kohberger, Lucy Letby, Kouri Richins, Malevolent Mormon Mommys, Justice for Harmony Montgomery, The Murder of Stephen Smith, The Murder of Madeline Kingsbury, and much more! Listen at https://www.truecrimetodaypod.com