4
| Crime |

Shmuck of the Week: Shawn Merriman, aka the Mormon Madoff

^
Keep Westword Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Denver and help keep the future of Westword free.

An early front-runner for Shmuck of the Year,

Shawn Merriman this week was officially charged for his orchestration of a massive Ponzi scheme

that made him rich, left friends and investors broke, and had Bernie Madoff saying to his prison boyfriend, "Hey, this guy stole my moves!"

Merriman, 46, is a former lay bishop in the Mormon church, which is weird, because religious leaders are usually all pious and whatnot. He is accused of operating a Ponzi scheme for more than fifteen years, bilking $20 million from close to forty friends and acquaintances, including many fellow Mormons. Federal prosecutors charged him with mail fraud (that's what all white-collar scumbags go down for) along with three counts of impersonating an obnoxious rich guy. He pleaded not guilty, the Denver Post reported but is expected to strike a plea deal with prosecutors. He will spend years in prison, but not enough.

As money poured in from investors, Merriman amassed gaudy possessions, including, according to the Post, "193 paintings and works of art; 27 vehicles, including a 1937 Cord and a 1930 Lincoln; 34 rifles, shotguns and handguns; and baseball memorabilia, including a glove autographed by Lou Gehrig," which he probably played catch with, the asshole. He did not, sadly, accidentally shoot himself with any of the handguns or suffocate himself with the signature of Gehrig before they were seized by authorities.

His is, for obvious reasons, our Shmuck of the Week.

Keep Westword Free... Since we started Westword, it has been defined as the free, independent voice of Denver, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Denver with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.

 

Join the Westword community and help support independent local journalism in Denver.

 

Join the Westword community and help support independent local journalism in Denver.