Shawn Merriman, aka the Mormon Madoff, gets twelve-year-plus sentence for Ponzi scheming

shawn merriman image cropped from 9news.JPG
Courtesy of 9News
Shawn Merriman.
In August 2009, former Mormon church lay bishop Shawn Merriman earned Shmuck of the Week honors for Ponzi scheming millions from friends and acquaintances. But yesterday, he was awarded with an even more richly deserved prize: a twelve-and-a-half-year prison jolt, plus an order to pay $20.1 million in restitution.

Will the goodies the feds have taken go toward that total?

Here's a list of seized items supplied by the U.S. Attorneys Office in December, when Merriman pleaded guilty to mail fraud:

• 157 pieces of Old Masters Fine Art, located at Merriman's residence in Aurora

• 170 pieces of contemporary art, also located at Merriman's residence

• 43 pieces of framed fine art, 4 bronze busts, and one acrylic sculpture, located at Merriman's residence

• Merriman's residence, located in Aurora, Colorado

• Other real property, located in Island Park, Idaho

• Numerous conveyances, including vehicles, collectible cars, motorcycles, a boat, a motor home, trailers, and a John Deere Bobcat

• 8 E*Trade securities accounts

• Sports memorabilia

• Firearms

• Taxidermy

• Other personal property, including exercise equipment, arcade games, tools, hunting paraphernalia, safes, and a pitching machine

Yesterday's sentencing hearing was reportedly an emotional marathon, with many of those who Merriman admits to bilking either attending or testifying about the damage he did to their lives. His acts may not have been on the scale of king Ponzi schemer Bernie Madoff, but he certainly caused terrible harm to those whose investments he raided.

Look below to see a 2009 Channel 4 report that puts Merriman's crimes in perspective:

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3 comments
ljohnson0515
ljohnson0515

Why only convicted of 1 count of Mail Fraud?  RIDICULOUS!! Isn't stealing Millions $$$$  Punishable by law??  He wasn't a charitable organization his victims gave their money to.  One almost shot & killed him, but changed his mind.  INCREDIBLE!! He should be in jail for Life and the key thrown into the mouths of the many Wild Animals he game hunted in his Worldwide Hunting Spree provided courtesy of those he duped of all their worldly savings!!

ljohnson0515
ljohnson0515

Easy to see how he became so ruthless and cold-hearted- Neither his wife nor mother show any sorrow, regret or remorse for their husband's/ son's actions.  Both care only about their own well-being and nothing about the countless victims he stole $$$$millions from.  Amazing Present Day American Narcissism.

realitychicky
realitychicky

That is sad. This man had a horrible mother and a wife who left him once his riches were gone. 

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