Cory Fleming pleads guilty to role in Murdaugh plot to steal $4.3M from dead housekeeper [The State] - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 29, 2023 Newswires
Share
Share
Tweet
Email

Cory Fleming pleads guilty to role in Murdaugh plot to steal $4.3M from dead housekeeper [The State]

State (Columbia, SC)

Once he stood beside people accused of crimes, representing them in their time of trial.

But on Thursday, Cory Fleming — a once-respected criminal defense lawyer from Beaufort and close friend of now-convicted double-murderer Alex Murdaugh — stood in front of federal Judge Richard Gergel and pleaded guilty to one count of conspiracy to commit wire fraud in a scheme involving the theft of $4.3 million.

The crime to which Fleming, 54, pleaded guilty involved his role in a plot to steal $4.3 million in insurance proceeds from the sons of the Murdaugh family’s housekeeper, Gloria Satterfield, who died of injuries received in a fall on Murdaugh’s estate in February 2018.

“You knew that was wrong?” Gergel asked, telling Fleming it was “not every day I have an attorney before me.”

“Yes, sir,” Fleming said.

After prosecutor Emily Limehouse detailed the complex scheme by which Murdaugh and Fleming, at Murdaugh’s direction, stole the $4.3 million, Gergel continued to question Fleming about the plot’s fine points.

Gergel noted that prosecutors had pledged to recommend that Fleming serve his time — he could get a maximum of five years — in federal prison. But, Gergel told Fleming, if a state judge sentences him to more time in prison, “there is no guarantee” that he wouldn’t spend a portion of his time in state prison.

“Yes, sir,” Fleming said, acknowledging that he understood.

Fleming, who attended court with his wife, Eve, was given a personal recognizance bond of $25,000, meaning he doesn’t have to put up any money.

Deborah Barbier, Fleming’s attorney, told Magistrate Judge Molly Cherry Thursday that as of this week, Fleming has given up his license to practice law in both South Carolina and Georgia.

At a later bond hearing before Magistrate Judge Molly Cherry, attorney Ronnie Richter spoke, telling her that the woman whose estate Murdaugh and Fleming plundered had been the family housekeeper for 30-plus years.

“She thought she was a Murdaugh,” attorney Ronnie Richter told Cherry Thursday, detailing the work she did for the family so that Cherry understood “the depth of this betrayal.”

Neither of the sons knew about the $4.3 million or received any of the money, he said.

Fleming, Murdaugh scheme involved Satterfield estate

Fleming is now the second close associate of Murdaugh’s to be tainted by their relationship to the man considered the state’s most notorious criminal, now serving two consecutive life sentences for the murders of his wife and youngest son.

Fleming was a law school classmate of Murdaugh’s at the University of South Carolina School of Law.

Both graduated in 1994 and had remained close friends.

In November, another childhood friend, former Palmetto State Bank CEO Russell Laffitte was found guilty in federal court of using his bank to help Murdaugh steal money from clients who had gotten sizeable payouts in personal injury cases.

An eight-page federal criminal charging document about Fleming, made public Wednesday, said Murdaugh used Fleming’s position as a lawyer to swindle Satterfield’s sons, Tony and Brian, out of $4.3 million owed to them from Murdaugh’s liability insurance.

After Satterfield died in 2018, Murdaugh persuaded her sons to hire Fleming to represent them and submit a claim against Murdaugh to collect from his homeowner’s insurance policy. Murdaugh had insurance on his property through Lloyd’s of London and Nautilus Insurance Group.

The sons hired Fleming, and he and Murdaugh began their scheme to collect $4.3 million and keep the money themselves instead of giving it to the sons, the charging document said.

Part of the scheme involved getting a vice president at Palmetto State Bank to serve as the personal representative of Satterfield’s estate. The vice president was not named.

In December 2018, 10 months after Satterfield’s death, Lloyd’s of London paid $505,000 into the Satterfield’s estate, and the Palmetto State Bank vice president turned the money over to Fleming, who sent it to his Beaufort law firm, “giving ... Fleming control over the funds,” the charging document said.

In March 2019, after a mediation, Nautilus Insurance Company agreed to pay the Satterfield estate $3.8 million, the charging document said.

Fleming then prepared a fraudulent disbursement statement for Satterfield’s estate, with about $1.4 million going toward attorney’s fees and about $2.7 million going to the estate, the charging document said.

Fleming collected approximately $672,595.85 in attorney’s fees — less than half of the $1.4 million in attorney’s fees he reported to the circuit court, the charging document said.

The disbursement sheet also said $105,000 was for “Prosecution Expenses,” but it really went to Fleming and Murdaugh “for their own personal enrichment,” the charging document said.

Acting under Murdaugh’s direction, Fleming in May 2019 issued a check for nearly $3 million in Nautilus settlement funds to “Forge,” a phony company Murdaugh created with a checking account. Murdaugh deposited the check into his fake Forge account, the charging document said.

In October 2020, at Murdaugh’s direction, Fleming issued another check to “Forge” for $118,000, the charging document said. Fleming also in three separate transactions wrote a total of $26,000 in checks out of the Satterfield settlement funds for himself.

In all, Fleming, acting under Murdaugh’s direction, and Murdaugh took some $4.3 million from money due to the Satterfield estate — money that the Satterfield sons never received, the charging document said.

To get the matter approved by a circuit court judge, Fleming on two occasions in 2019 took two “fake disbursement sheet(s)” showing where the Satterfield estate’s supposedly went, the charging document said.

Judge Carmen Mullen was the judge who approved the phony disbursement sheets submitted by Fleming, according to undisputed news accounts about the case. Mullen has declined comment, and there is no evidence she participated in the scheme.

The embezzlement of Satterfield’s estate was first revealed in the early fall of 2021 in a lawsuit brought by attorneys Eric Bland and Ronnie Richter, who represented Satterfield’s sons and alleged Murdaugh and Fleming had schemed to steal the estate’s money.

Fleming had no knowledge of Murdaugh’s numerous other criminal schemes to defraud others, his charging document said.

This story may be updated.

©2023 The State. Visit thestate.com. Distributed by Tribune Content Agency, LLC.

Older

Pfizer and BioNTech Provide Update on COVID-19 Vaccine Supply Agreement with the European Commission

Newer

Lloyds Bank and Channel 4 join forces

Advisor News

  • Why you should discuss insurance with HNW clients
  • Trump announces health care plan outline
  • House passes bill restricting ESG investments in retirement accounts
  • How pre-retirees are approaching AI and tech
  • Todd Buchanan named president of AmeriLife Wealth
More Advisor News

Annuity News

  • Great-West Life & Annuity Insurance Company Trademark Application for “EMPOWER READY SELECT” Filed: Great-West Life & Annuity Insurance Company
  • Retirees drive demand for pension-like income amid $4T savings gap
  • Reframing lifetime income as an essential part of retirement planning
  • Integrity adds further scale with blockbuster acquisition of AIMCOR
  • MetLife Declares First Quarter 2026 Common Stock Dividend
More Annuity News

Health/Employee Benefits News

  • Congress takes up health care again – and impatient voters shouldn't hold their breath for a cure
  • U.S. Rep. Fitzpatrick pushed a health care subsidy extension. Here's what voters in his Bucks County swing district think
  • Healey unveils health insurance reforms
  • Researchers from University of Toronto Provide Details of New Studies and Findings in the Area of Health and Medicine (Role of Chronic Conditions in Out-of-Pocket Costs for Preventive Care in the US): Health and Medicine
  • Researchers at University of Florida Target Mental Health Diseases and Conditions (Impact Of Housing Support Services For Medicaid Enrollees With Serious Mental Illness, Substance Use Disorder): Mental Health Diseases and Conditions
More Health/Employee Benefits News

Life Insurance News

  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on India’s Non-Life Insurance Segment
  • AM Best Affirms Credit Ratings of Health Care Service Corporation Group Members and Health Care Service Corp Medicare & Supplemental Group Members
  • Kyle Busch hits PacLife role in amended IUL fraud claims suit
  • I sent a letter to President Trump regarding Greg Lindberg
  • ‘Cashing Out’: Film recounts how viatical settlements arose from AIDS crisis
Sponsor
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

ICMG 2026: 3 Days to Transform Your Business
Speed Networking, deal-making, and insights that spark real growth — all in Miami.

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

8.25% Cap Guaranteed for the Full Term
Guaranteed cap rate for 5 & 7 years—no annual resets. Explore Oceanview CapLock FIA.

Press Releases

  • Agent Review Announces Major AI & AIO Platform Enhancements for Consumer Trust and Agent Discovery
  • Prosperity Life Group® Names Industry Veteran Mark Williams VP, National Accounts
  • Salt Financial Announces Collaboration with FTSE Russell on Risk-Managed Index Solutions
  • RFP #T02425
  • RFP #T02525
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet