U.S. Marshal’s sell Ponzi schemer’s stuff

Posted by Al Lewis on January 30, 2011
Mr. Ponzi

The U.S. Marshal’s Service auctioned off the spoils of Ponzi schemer Shawn Merriman on Saturday. Merriman is now service a 12.5-year prison sentence for bilking 67 investors out of about $37 million. Many of his victims were fellow members of the Mormon Church. He used their money to buy toys, inlcuding a $687,000 land yacht. I talk about the case with 9News weekend anchor Aristea Brady.