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These are the user uploaded subtitles that are being translated: 1 00:00:01,134 --> 00:00:06,874 [soft music] 2 00:00:07,741 --> 00:00:09,843 - They had a very idyllic life. 3 00:00:09,843 --> 00:00:12,312 ANDREA MERRIMAN: What are you doing, Shawn? 4 00:00:12,312 --> 00:00:12,846 - Relaxing. 5 00:00:14,014 --> 00:00:18,752 - I used to lay in bed at night and go, our life is so perfect. 6 00:00:20,220 --> 00:00:22,456 - But that came at a cost. 7 00:00:22,456 --> 00:00:25,092 - He starts to see the writing on the wall. 8 00:00:25,092 --> 00:00:27,427 - He destroyed my universe. 9 00:00:27,427 --> 00:00:30,330 - A warning tonight to be careful who you trust. 10 00:00:30,330 --> 00:00:34,635 MERRIMAN: He told me, the whole time we've been married, 11 00:00:34,635 --> 00:00:36,603 I've been living a secret double life. 12 00:00:36,603 --> 00:00:38,672 [suspenseful music] 13 00:00:38,672 --> 00:00:39,606 - It doesn't feel real. 14 00:00:39,606 --> 00:00:42,943 SHAWN: I'm Shawn Merriman. 15 00:00:44,144 --> 00:00:49,449 - My husband's a dark, horrible, greedy criminal. 16 00:00:51,485 --> 00:00:53,153 - Life is ripped out from under you. 17 00:00:54,454 --> 00:00:55,389 - Nobody can believe this. 18 00:00:55,389 --> 00:01:00,127 MERRIMAN: A neighbor was so angry with Shawn. 19 00:01:00,127 --> 00:01:01,962 He had a gun. 20 00:01:01,962 --> 00:01:03,497 - It was a terrifying situation. 21 00:01:03,497 --> 00:01:04,965 MERRIMAN: Everything is racing. 22 00:01:06,233 --> 00:01:07,267 The end was near. 23 00:01:07,267 --> 00:01:28,155 ♪ ♪ 24 00:01:28,155 --> 00:01:30,557 ANDREA GUNNING: I'm Andrea Gunning, and this is Betrayal, 25 00:01:30,557 --> 00:01:32,926 a show about the people we trust the most 26 00:01:32,926 --> 00:01:35,062 and the deceptions that change everything. 27 00:01:35,062 --> 00:01:37,698 [suspenseful music] 28 00:01:37,698 --> 00:01:39,166 Andrea Merriman fell in love 29 00:01:39,166 --> 00:01:40,901 with a charming and ambitious man 30 00:01:40,901 --> 00:01:43,670 who made her family rich in more ways than one. 31 00:01:43,670 --> 00:01:46,106 But a shocking confession reveals that everything 32 00:01:46,106 --> 00:01:48,175 she thought she knew about her husband 33 00:01:48,175 --> 00:01:48,909 was a lie. 34 00:01:50,844 --> 00:01:52,846 Andrea, it's so good to see you again. 35 00:01:52,846 --> 00:01:55,048 - It's good to chat with you again. 36 00:01:55,048 --> 00:01:59,353 - How would you define the betrayal that happened to you? 37 00:01:59,353 --> 00:02:02,723 - The ultimate betrayal on every front. 38 00:02:02,723 --> 00:02:06,660 The man I married turned out to be capable of things 39 00:02:06,660 --> 00:02:11,531 I could never have comprehended. 40 00:02:11,531 --> 00:02:16,336 [soft music] 41 00:02:16,336 --> 00:02:21,208 ♪ ♪ 42 00:02:21,208 --> 00:02:26,046 I grew up mostly in Grand Junction, Colorado. 43 00:02:28,448 --> 00:02:29,916 I'm the oldest of five. 44 00:02:29,916 --> 00:02:35,722 KIM: We had an amazing childhood. 45 00:02:37,224 --> 00:02:39,226 We grew up with lots of opportunities 46 00:02:39,226 --> 00:02:40,761 and wonderful parents. 47 00:02:40,761 --> 00:02:44,197 MERRIMAN: We were a household of faith. 48 00:02:45,866 --> 00:02:48,235 We belonged to the Church of Jesus Christ 49 00:02:48,235 --> 00:02:49,236 of Latter-day Saints. 50 00:02:50,971 --> 00:02:53,974 So when I was going to college, I was accepted 51 00:02:53,974 --> 00:02:55,442 to Brigham Young University. 52 00:02:59,079 --> 00:03:03,483 I worked part time in the office at the apartment complex 53 00:03:03,483 --> 00:03:05,552 that we lived in as college students. 54 00:03:07,754 --> 00:03:10,323 And one day, a boy named Shawn Merriman 55 00:03:10,323 --> 00:03:12,092 showed up to pay his rent. 56 00:03:14,094 --> 00:03:17,664 He had a reputation of being a very nice guy, 57 00:03:17,664 --> 00:03:19,733 a successful guy. 58 00:03:19,733 --> 00:03:21,835 He drove a BMW. 59 00:03:21,835 --> 00:03:23,937 He shopped at the best stores. 60 00:03:23,937 --> 00:03:25,672 He had the finest shoes. 61 00:03:26,773 --> 00:03:29,776 I just thought he was a very nice person, 62 00:03:29,776 --> 00:03:32,679 but I also thought he was really intelligent. 63 00:03:32,679 --> 00:03:34,448 And that was attractive to me. 64 00:03:35,515 --> 00:03:39,352 But also, my faith is something very important to me, 65 00:03:39,352 --> 00:03:43,724 so I was totally happy that Shawn was a man of God. 66 00:03:43,724 --> 00:03:52,799 ♪ ♪ 67 00:03:52,799 --> 00:03:54,267 GUNNING: Andrea was raised her whole life 68 00:03:54,267 --> 00:03:57,003 in the Mormon church, and they put a huge emphasis 69 00:03:57,003 --> 00:03:58,972 on community and shared values. 70 00:03:58,972 --> 00:04:01,508 So it was important to her to find someone 71 00:04:01,508 --> 00:04:02,943 that was in the church as well. 72 00:04:02,943 --> 00:04:07,280 MERRIMAN: He would make fun, friendly comments 73 00:04:07,280 --> 00:04:09,750 when he came into the office. 74 00:04:09,750 --> 00:04:11,351 And then he started asking me out. 75 00:04:13,787 --> 00:04:17,124 He took me to concerts, 76 00:04:17,124 --> 00:04:21,061 took me to really amazing restaurants. 77 00:04:21,061 --> 00:04:24,865 He took me to do everything he knew I loved. 78 00:04:24,865 --> 00:04:29,069 KIM: Andrea introduced me to Shawn 79 00:04:29,069 --> 00:04:31,538 when we were both in college. 80 00:04:31,538 --> 00:04:33,607 I was very happy for her. 81 00:04:33,607 --> 00:04:34,741 They seemed to work well. 82 00:04:34,741 --> 00:04:36,543 They seemed to have similar desires. 83 00:04:36,543 --> 00:04:38,778 They seemed to have similar ambitions. 84 00:04:38,778 --> 00:04:41,448 And there was nothing to dislike about Shawn. 85 00:04:41,448 --> 00:04:44,551 He seemed to have her well-being 86 00:04:44,551 --> 00:04:45,886 forefront of his mind. 87 00:04:45,886 --> 00:04:51,858 MERRIMAN: Shawn proposed to me in California on a beach 88 00:04:51,858 --> 00:04:54,995 because he knew the beach is my favorite place. 89 00:04:56,196 --> 00:04:59,199 I didn't take a lot of time to think about it. 90 00:05:02,469 --> 00:05:05,972 Our wedding took place in the Jordan River Temple 91 00:05:05,972 --> 00:05:08,942 of the Church of Jesus Christ of Latter-day Saints. 92 00:05:11,444 --> 00:05:13,980 I was preparing to have a happy life, 93 00:05:13,980 --> 00:05:16,883 and I felt like the future was ours. 94 00:05:18,552 --> 00:05:22,522 Prior to dating Shawn, my goals were strong. 95 00:05:23,657 --> 00:05:26,660 I had gone to school with the idea 96 00:05:26,660 --> 00:05:28,995 that I would then go to law school. 97 00:05:28,995 --> 00:05:31,965 But after we got married, I decided 98 00:05:31,965 --> 00:05:36,703 to stop at a bachelor's degree and focus on supporting him. 99 00:05:38,805 --> 00:05:42,776 We moved to Denver, Colorado, for his career. 100 00:05:46,246 --> 00:05:49,449 He went to work at an investment firm. 101 00:05:49,449 --> 00:05:53,119 And he had a lot of success at it. 102 00:05:53,119 --> 00:05:58,525 He worked just the last quarter of 1990 as a stockbroker, 103 00:05:58,525 --> 00:06:02,596 and he made about 50 grand in that last three months. 104 00:06:02,596 --> 00:06:04,831 GUNNING: The $200,000 that Shawn made 105 00:06:04,831 --> 00:06:07,133 in his first year alone would be the equivalent 106 00:06:07,133 --> 00:06:09,202 of nearly a half a million dollars today. 107 00:06:09,202 --> 00:06:11,938 That number is an astonishing amount for someone 108 00:06:11,938 --> 00:06:14,140 so new in the investment world. 109 00:06:14,140 --> 00:06:16,743 MERRIMAN: Here's Shawn, who's really happy because he just 110 00:06:16,743 --> 00:06:19,713 landed another big client. [laughs] 111 00:06:19,713 --> 00:06:21,248 Let's zoom in on that smile. 112 00:06:21,248 --> 00:06:25,018 GUNNING: Shawn's reputation was growing, 113 00:06:25,018 --> 00:06:27,854 and he was getting lucrative job offers from other firms. 114 00:06:27,854 --> 00:06:31,424 MERRIMAN: He moved around to a couple of different firms, 115 00:06:31,424 --> 00:06:34,094 and he would always get a large signing bonus. 116 00:06:34,094 --> 00:06:35,662 Getting ready for a meeting. 117 00:06:35,662 --> 00:06:37,731 I love this shirt on him. 118 00:06:37,731 --> 00:06:39,299 Having a healthy breakfast. [laughs] 119 00:06:41,034 --> 00:06:44,604 One company would give him $50,000 or $60,000 or $70,000 120 00:06:44,604 --> 00:06:45,672 to go work for them. 121 00:06:45,672 --> 00:06:47,207 - Ho, ho, ho. 122 00:06:47,207 --> 00:06:48,908 - And then he'd be there a year, 123 00:06:48,908 --> 00:06:52,178 and another one would pay him another big bonus 124 00:06:52,178 --> 00:06:54,681 to go and work for them, so he was making a good living. 125 00:06:54,681 --> 00:06:57,918 GUNNING: With the success of Shawn's job, 126 00:06:57,918 --> 00:07:01,154 the couple felt ready to start a family. 127 00:07:01,154 --> 00:07:05,058 MERRIMAN: When we married, we talked about 128 00:07:05,058 --> 00:07:07,327 that we wanted a large family. 129 00:07:08,728 --> 00:07:11,865 So when our first baby was born, I thought I had it all. 130 00:07:11,865 --> 00:07:14,301 Hi, pumpkin. 131 00:07:14,301 --> 00:07:15,402 Here is Sarah. 132 00:07:15,402 --> 00:07:17,203 She's just about two months old. 133 00:07:20,073 --> 00:07:21,241 How are you? What are you doing? 134 00:07:24,377 --> 00:07:26,446 - I was really excited for her. 135 00:07:26,446 --> 00:07:28,515 I was having children at the same time, 136 00:07:28,515 --> 00:07:30,850 and so our kids were friends. 137 00:07:30,850 --> 00:07:31,918 Andy, what are you doing? 138 00:07:31,918 --> 00:07:33,987 - I'm playing with Sarah. 139 00:07:33,987 --> 00:07:34,754 KIM: Oh, how nice. 140 00:07:34,754 --> 00:07:37,557 It seemed like they had a very idyllic life. 141 00:07:37,557 --> 00:07:39,092 There's Andy. Wave, Andy. 142 00:07:39,092 --> 00:07:40,026 GUNNING: They had four children. 143 00:07:40,026 --> 00:07:41,294 KIM: Hi. 144 00:07:41,294 --> 00:07:43,430 - Andrea just really loved being with her family 145 00:07:43,430 --> 00:07:45,365 and spending time together. 146 00:07:45,365 --> 00:07:47,334 SHAWN: Tick, tock. 147 00:07:47,334 --> 00:07:49,269 What time is it, Andy? 148 00:07:49,269 --> 00:07:51,204 Tick. 149 00:07:51,204 --> 00:07:53,173 - But the thing that really stands out was the traveling. 150 00:07:55,141 --> 00:07:57,644 - We definitely got to go to some fun places. 151 00:07:57,644 --> 00:08:00,447 SHAWN: Where are you? SARAH: Zurich. 152 00:08:00,447 --> 00:08:01,748 SHAWN: In what country? - Africa. 153 00:08:01,748 --> 00:08:02,982 SHAWN: Switzerland. 154 00:08:07,921 --> 00:08:10,256 - My mom always thought it was important to learn 155 00:08:10,256 --> 00:08:11,524 about different cultures. 156 00:08:13,093 --> 00:08:16,763 In the limo, going out for a night on the town in Vegas. 157 00:08:16,763 --> 00:08:18,465 Shawn's happy and content. 158 00:08:19,666 --> 00:08:25,438 - They traveled a lot, and they accumulated things 159 00:08:25,438 --> 00:08:28,541 that most wealthy people do. 160 00:08:28,541 --> 00:08:31,511 He started to collect art, cars, 161 00:08:31,511 --> 00:08:33,613 and toys for entertainment. 162 00:08:33,613 --> 00:08:42,288 MERRIMAN: Eventually, he came to me one day and said, 163 00:08:42,288 --> 00:08:44,724 you know, maybe I ought to start my own company. 164 00:08:46,659 --> 00:08:49,162 He started his own investment company 165 00:08:49,162 --> 00:08:51,865 that he named Market Street Advisors. 166 00:08:53,967 --> 00:08:56,803 As he starts his investment firm, 167 00:08:56,803 --> 00:09:00,306 he upgrades our house to another home. 168 00:09:00,306 --> 00:09:03,109 He said, I'm going to be working from home. 169 00:09:03,109 --> 00:09:05,278 This will give me the space to eventually 170 00:09:05,278 --> 00:09:08,915 build an office outside the house but on our property. 171 00:09:10,450 --> 00:09:11,751 - The couple moved to a community 172 00:09:11,751 --> 00:09:13,386 called Stage Run in Aurora. 173 00:09:13,386 --> 00:09:17,657 ♪ ♪ 174 00:09:17,657 --> 00:09:19,426 JILL: The Merrimans lived in our same neighborhood. 175 00:09:22,228 --> 00:09:25,031 And their house was amazing. 176 00:09:25,031 --> 00:09:29,302 [exciting music] 177 00:09:29,302 --> 00:09:31,938 They had the biggest lot in the neighborhood, 178 00:09:31,938 --> 00:09:33,006 3 or 4 acres. 179 00:09:34,808 --> 00:09:36,810 One thing I remembered about Andrea's house 180 00:09:36,810 --> 00:09:39,546 is that she had a grand piano right when you walked in, 181 00:09:39,546 --> 00:09:41,881 and she could play it beautifully. 182 00:09:41,881 --> 00:09:44,217 [soft piano music] 183 00:09:44,217 --> 00:09:46,553 ♪ ♪ 184 00:09:46,553 --> 00:09:48,855 She loved the sun shining in. 185 00:09:48,855 --> 00:09:50,390 It was beautiful and bright. 186 00:09:50,390 --> 00:09:53,193 It was probably the nicest house in our neighborhood. 187 00:09:53,193 --> 00:09:59,532 GUNNING: Even though Shawn's working from home, 188 00:09:59,532 --> 00:10:02,335 he still had to build his list of clients, 189 00:10:02,335 --> 00:10:03,870 which meant that he had to travel 190 00:10:03,870 --> 00:10:05,138 and be away from his family. 191 00:10:05,138 --> 00:10:10,110 MERRIMAN: At first, Shawn traveled a lot 192 00:10:10,110 --> 00:10:12,445 for old car clubs. 193 00:10:12,445 --> 00:10:15,248 And then he would go on these golf trips 194 00:10:15,248 --> 00:10:18,384 with wealthy golfers. 195 00:10:18,384 --> 00:10:21,955 He was networking and making friends. 196 00:10:21,955 --> 00:10:23,890 A lot of them were older people 197 00:10:23,890 --> 00:10:25,959 that would be able to invest money with him. 198 00:10:27,160 --> 00:10:32,532 He also started and ran his own investment club. 199 00:10:32,532 --> 00:10:34,234 SHAWN: Hi, I'm Shawn Merriman. 200 00:10:34,234 --> 00:10:36,069 I'm getting ready to go whitetail hunting. 201 00:10:36,069 --> 00:10:39,639 [grunting bird call] 202 00:10:39,639 --> 00:10:43,276 MERRIMAN: He also started hunting 203 00:10:43,276 --> 00:10:46,346 and started doing it intensely. 204 00:10:46,346 --> 00:10:49,382 [gunshot] 205 00:10:49,382 --> 00:10:52,452 SHAWN: Here we are in Kamchatka, Russia, 206 00:10:52,452 --> 00:10:53,953 with my first ever moose. 207 00:10:53,953 --> 00:10:57,991 MERRIMAN: He would travel to South Africa, 208 00:10:57,991 --> 00:11:00,426 to Zambia, to Namibia, 209 00:11:00,426 --> 00:11:03,363 wherever there were trophy animals 210 00:11:03,363 --> 00:11:04,998 that he wanted to hunt. 211 00:11:06,099 --> 00:11:08,735 And he would always say, wealthy people 212 00:11:08,735 --> 00:11:10,136 can afford to do this, 213 00:11:10,136 --> 00:11:12,338 so I will be there with them for a few weeks. 214 00:11:12,338 --> 00:11:17,143 I'll get to know them, and I will get their money to invest. 215 00:11:17,143 --> 00:11:19,546 [suspenseful music] 216 00:11:19,546 --> 00:11:22,582 - Last chance to make any money here, buddy. 217 00:11:22,582 --> 00:11:25,652 [laughter] 218 00:11:25,652 --> 00:11:28,688 ♪ ♪ 219 00:11:28,688 --> 00:11:31,758 MERRIMAN: One trip that stands out in my mind, 220 00:11:31,758 --> 00:11:33,526 he was traveling in Tanzania. 221 00:11:36,095 --> 00:11:41,000 He came back, and he talked about how he'd been hunting. 222 00:11:41,000 --> 00:11:43,136 And they were on a mountainside, 223 00:11:43,136 --> 00:11:46,639 and it was a very narrow trail with a drop-off. 224 00:11:51,044 --> 00:11:55,014 One of the local trackers that was guiding him slipped 225 00:11:56,249 --> 00:11:58,851 and was going to plunge off the side of this mountain 226 00:11:58,851 --> 00:11:59,752 to his death. 227 00:12:01,554 --> 00:12:04,724 Shawn grabbed his hand, grabbed his arm, 228 00:12:04,724 --> 00:12:08,161 pulled him to safety, saved his life, 229 00:12:08,161 --> 00:12:11,664 and he was the hero in Africa. 230 00:12:11,664 --> 00:12:14,300 But then the very first thing he did 231 00:12:14,300 --> 00:12:18,338 when he got home was, he went straight to a doctor 232 00:12:18,338 --> 00:12:19,372 to be tested. 233 00:12:21,708 --> 00:12:25,178 Saying, well, you know, I cut myself up 234 00:12:25,178 --> 00:12:26,779 when I was saving this man. 235 00:12:28,081 --> 00:12:31,184 Looking back, I have reason to believe 236 00:12:31,184 --> 00:12:34,921 that, when he was in Africa, he was doing more 237 00:12:34,921 --> 00:12:37,423 than trying to save a tracker. 238 00:12:37,423 --> 00:12:40,426 And that was why he returned home and got tested. 239 00:12:50,036 --> 00:12:51,838 GUNNING: After one of Shawn's hunting trips, 240 00:12:51,838 --> 00:12:54,540 he tells Andrea this wild story of how 241 00:12:54,540 --> 00:12:56,776 he saved a local hunting guide's life 242 00:12:56,776 --> 00:12:58,378 from tumbling down a cliff. 243 00:12:58,378 --> 00:13:00,146 But Andrea had her suspicions. 244 00:13:00,146 --> 00:13:01,514 - He wasn't a superhero. 245 00:13:03,082 --> 00:13:05,551 - Andrea thinks that this heroic story 246 00:13:05,551 --> 00:13:06,986 is really just a coverup 247 00:13:06,986 --> 00:13:08,588 for some extracurricular activities. 248 00:13:08,588 --> 00:13:13,259 MERRIMAN: Looking back, it should have been a red flag. 249 00:13:13,259 --> 00:13:18,064 The wild stories never actually happened when I was with him. 250 00:13:18,064 --> 00:13:20,833 But I just believed him because I was married to him. 251 00:13:20,833 --> 00:13:23,569 [suspenseful music] 252 00:13:23,569 --> 00:13:26,339 ♪ ♪ 253 00:13:26,339 --> 00:13:29,108 Is Dad wearing your same hat? 254 00:13:29,108 --> 00:13:32,245 So Shawn was always busy working, 255 00:13:32,245 --> 00:13:34,113 or he's got church stuff at night 256 00:13:34,113 --> 00:13:36,783 as bishop of our local church congregation. 257 00:13:36,783 --> 00:13:39,419 That's similar to a pastor. 258 00:13:39,419 --> 00:13:42,822 But he was very supportive to help our kids 259 00:13:42,822 --> 00:13:43,990 develop their talents. 260 00:13:43,990 --> 00:13:48,061 ANNOUNCER: In sixth place... 261 00:13:48,061 --> 00:13:53,099 - For example, our oldest son played on a baseball team. 262 00:13:53,099 --> 00:13:56,302 Here's Andy in his first championship baseball game. 263 00:13:56,302 --> 00:13:59,806 Shawn had bought a pitching machine and batting cage. 264 00:13:59,806 --> 00:14:02,575 And not just any pitching machine, 265 00:14:02,575 --> 00:14:06,145 the same pitching machine that the Colorado Rockies used 266 00:14:06,145 --> 00:14:08,748 so that our son could practice batting. 267 00:14:08,748 --> 00:14:12,318 ANDY: There is the game ball I got in baseball. 268 00:14:12,318 --> 00:14:15,688 GUNNING: So they have everything 269 00:14:15,688 --> 00:14:17,223 that they need in the world. 270 00:14:17,223 --> 00:14:19,726 But to Andrea, at this point in her life, 271 00:14:19,726 --> 00:14:22,161 the one thing that she wants is for her family 272 00:14:22,161 --> 00:14:23,529 to own their home outright. 273 00:14:23,529 --> 00:14:27,667 MERRIMAN: He would say, what do you want for your birthday? 274 00:14:27,667 --> 00:14:28,868 What do you want for Christmas? 275 00:14:28,868 --> 00:14:32,138 And I kept saying, I want my house paid off 276 00:14:32,138 --> 00:14:34,941 so that I know I always have a home. 277 00:14:34,941 --> 00:14:37,643 [soft upbeat music] 278 00:14:37,643 --> 00:14:39,645 And so he did. 279 00:14:39,645 --> 00:14:40,913 He paid off my house. 280 00:14:40,913 --> 00:14:43,082 And that was a huge moment for me. 281 00:14:43,082 --> 00:14:48,788 GUNNING: Shawn built a big structure 282 00:14:48,788 --> 00:14:51,124 in the back of his house for his office, 283 00:14:51,124 --> 00:14:54,827 but also as like a museum to all of his collectibles. 284 00:14:54,827 --> 00:14:55,728 It was pretty incredible. 285 00:14:55,728 --> 00:14:59,165 SKIP: He had his own little man cave 286 00:14:59,165 --> 00:15:01,033 before man caves got to be real big. 287 00:15:01,033 --> 00:15:03,669 And I always remember thinking, golly, how cool is this? 288 00:15:03,669 --> 00:15:05,004 I would spend all my time down here. 289 00:15:05,004 --> 00:15:11,144 MERRIMAN: It was a 4,800-square-foot building 290 00:15:11,144 --> 00:15:13,012 that had a second story on top. 291 00:15:14,747 --> 00:15:19,185 The second story was his Market Street Advisors office. 292 00:15:19,185 --> 00:15:22,889 And then, if you went down, there was a wood shop. 293 00:15:22,889 --> 00:15:25,758 Then he had an auto shop. 294 00:15:25,758 --> 00:15:30,129 He had an art collection worth $6 to $7 million. 295 00:15:30,129 --> 00:15:34,567 SKIP: He started collecting all the religious etchings 296 00:15:34,567 --> 00:15:35,735 that Rembrandt ever did. 297 00:15:35,735 --> 00:15:37,904 I think at one time he owned almost all of them. 298 00:15:37,904 --> 00:15:40,406 - Then he had what he called the showroom. 299 00:15:40,406 --> 00:15:43,309 And in that were his fancy cars lined up. 300 00:15:43,309 --> 00:15:46,479 TIM: He had baseball memorabilia. 301 00:15:46,479 --> 00:15:49,015 I was in this house one time, and he showed me a baseball 302 00:15:49,015 --> 00:15:50,783 signed by Babe Ruth. 303 00:15:50,783 --> 00:15:53,553 - And on the far side were literally 304 00:15:53,553 --> 00:15:56,355 hundreds of trophy animals. 305 00:16:02,361 --> 00:16:03,996 - I usually would not go down there. 306 00:16:03,996 --> 00:16:06,098 It was not a fun place for a little kid to go. 307 00:16:06,098 --> 00:16:11,804 GUNNING: Shawn was loving his new man cave, 308 00:16:11,804 --> 00:16:13,840 and he was spending all of his time there. 309 00:16:13,840 --> 00:16:15,007 But it came at a cost. 310 00:16:15,007 --> 00:16:17,009 [suspenseful music] 311 00:16:17,009 --> 00:16:18,978 JILL: Andrea took care of the kids, 312 00:16:18,978 --> 00:16:20,713 but they weren't allowed back there. 313 00:16:20,713 --> 00:16:21,814 That was his place. 314 00:16:21,814 --> 00:16:25,451 He had to be serious about his work. 315 00:16:25,451 --> 00:16:28,855 - Shawn only made time to be present 316 00:16:28,855 --> 00:16:31,257 for five or ten minutes a day with our family. 317 00:16:34,093 --> 00:16:36,295 - We just didn't spend a lot of time together 318 00:16:36,295 --> 00:16:37,630 like we would before. 319 00:16:39,966 --> 00:16:43,035 When we did, there would be stories about trades he made, 320 00:16:43,035 --> 00:16:44,570 like, his success. 321 00:16:46,372 --> 00:16:49,342 - Even though Andrea was appreciative of everything 322 00:16:49,342 --> 00:16:51,811 that Shawn has done for the family financially, 323 00:16:51,811 --> 00:16:53,746 she started to think, was it all worth it? 324 00:16:55,047 --> 00:16:58,518 - I went to him and said, we don't need any more money. 325 00:16:58,518 --> 00:17:00,586 We need a dad at home. 326 00:17:00,586 --> 00:17:02,455 And he's like, I can't. 327 00:17:04,156 --> 00:17:06,058 I felt like that was crazy. 328 00:17:07,260 --> 00:17:10,563 I was totally happy living one reality, 329 00:17:10,563 --> 00:17:13,332 not realizing there might be another 330 00:17:13,332 --> 00:17:15,034 taking place at the same time. 331 00:17:15,034 --> 00:17:19,805 ♪ ♪ 332 00:17:26,746 --> 00:17:28,648 GUNNING: Shawn is fully immersed 333 00:17:28,648 --> 00:17:30,249 in building his business, 334 00:17:30,249 --> 00:17:35,154 and that took a tremendous time away from Andrea and the kids. 335 00:17:35,154 --> 00:17:37,924 But for Shawn, more clients meant more money. 336 00:17:37,924 --> 00:17:40,660 MERRIMAN: When Shawn started his business, 337 00:17:40,660 --> 00:17:43,262 he wanted high-value clients 338 00:17:43,262 --> 00:17:46,566 that could invest 250,000 or more. 339 00:17:46,566 --> 00:17:50,536 But over time, people from the church or family members 340 00:17:50,536 --> 00:17:54,473 that didn't have as much money approached him about investing. 341 00:17:54,473 --> 00:17:59,245 [pensive music] 342 00:17:59,245 --> 00:18:01,147 - I met Shawn Merriman through the 343 00:18:01,147 --> 00:18:03,683 Auburn Cord Duesenberg Car Club. 344 00:18:03,683 --> 00:18:06,485 And I found out that a couple of the club members 345 00:18:06,485 --> 00:18:08,120 joined his investment club. 346 00:18:08,120 --> 00:18:10,723 And they said, this guy is great, man. 347 00:18:10,723 --> 00:18:12,825 You should get in with him. Minimum investment was $25,000. 348 00:18:12,825 --> 00:18:17,763 MERRIMAN: Shawn with Matthew watching hunting videos. 349 00:18:17,763 --> 00:18:20,499 All of my siblings, my two sisters, my two brothers 350 00:18:20,499 --> 00:18:21,834 had invested money with him. 351 00:18:21,834 --> 00:18:24,570 KIM: He always handled my mom's money, 352 00:18:24,570 --> 00:18:26,973 and she was always very happy with it. 353 00:18:26,973 --> 00:18:29,709 I had a little stash that I called my Europe money. 354 00:18:29,709 --> 00:18:31,544 I was gonna go on a trip to Europe. 355 00:18:31,544 --> 00:18:33,446 So I thought, invest that 356 00:18:33,446 --> 00:18:35,448 so it's not just sitting in the bank. 357 00:18:36,849 --> 00:18:39,719 - Over time, I started little savings accounts 358 00:18:39,719 --> 00:18:42,588 for each of my kids, and I would build them up. 359 00:18:42,588 --> 00:18:44,824 And he'd say, can I borrow those accounts? 360 00:18:44,824 --> 00:18:47,259 I wanna invest it for them. 361 00:18:47,259 --> 00:18:48,961 And I would turn it over to him. 362 00:18:50,262 --> 00:18:51,630 When my mom passed away... 363 00:18:51,630 --> 00:18:55,534 MERRIMAN: I had a small inheritance 364 00:18:55,534 --> 00:18:57,470 that I invested with him as well. 365 00:18:57,470 --> 00:19:01,774 TIM: Every month, we got a statement. 366 00:19:01,774 --> 00:19:03,609 And we're doing very well. 367 00:19:03,609 --> 00:19:04,543 Don't know what he's doing, 368 00:19:04,543 --> 00:19:05,778 but he's doing something right. 369 00:19:05,778 --> 00:19:08,848 KIM: When I would get the statements, 370 00:19:08,848 --> 00:19:12,551 I was gaining almost $1,000 a month. 371 00:19:12,551 --> 00:19:14,587 It was crazy to me. 372 00:19:14,587 --> 00:19:16,255 Wow, my money is doing something. 373 00:19:16,255 --> 00:19:17,223 This is investing. 374 00:19:17,223 --> 00:19:21,293 GUNNING: Everything is going great. 375 00:19:21,293 --> 00:19:23,362 Shawn is making a lot of money for his clients, 376 00:19:23,362 --> 00:19:25,965 and he's also making a lot of money for his family. 377 00:19:25,965 --> 00:19:28,234 And then the economy starts to change. 378 00:19:28,234 --> 00:19:30,803 TIM: Now, this is right around when 379 00:19:30,803 --> 00:19:32,638 the housing crisis started around 2008, 380 00:19:32,638 --> 00:19:34,607 and the market's tanking. 381 00:19:34,607 --> 00:19:36,676 REPORTER: The National Association of Realtors 382 00:19:36,676 --> 00:19:38,611 reported the worst month-to-month drop 383 00:19:38,611 --> 00:19:39,979 in existing home sales 384 00:19:39,979 --> 00:19:42,381 since they started keeping track in the late '90s. 385 00:19:42,381 --> 00:19:44,150 - The ripple effects from the housing slump 386 00:19:44,150 --> 00:19:46,986 is, in fact, taking its toll on the U.S. economy. 387 00:19:48,120 --> 00:19:50,456 - By that time, we probably had put maybe 388 00:19:50,456 --> 00:19:52,858 $50,000, $75,000 in with him. 389 00:19:52,858 --> 00:19:54,393 Well, he kept making money, 390 00:19:54,393 --> 00:19:55,928 according to the monthly statements. 391 00:19:55,928 --> 00:19:58,864 [suspenseful music] 392 00:19:58,864 --> 00:20:02,034 We were at a Christmas party for the classic car club. 393 00:20:02,034 --> 00:20:05,271 [soft festive music] 394 00:20:05,271 --> 00:20:08,474 ♪ ♪ 395 00:20:08,474 --> 00:20:11,677 And another investor came up to me. 396 00:20:11,677 --> 00:20:14,013 He says, Tim, what do you think about Shawn? 397 00:20:14,013 --> 00:20:17,683 The market is tanking, and we're still making money 398 00:20:17,683 --> 00:20:18,884 hand over fist, you know? 399 00:20:18,884 --> 00:20:22,154 And I says, yeah, it's kind of questionable. 400 00:20:22,154 --> 00:20:25,324 And another investor came up to us at the same party, 401 00:20:25,324 --> 00:20:26,992 and he says, no way. 402 00:20:26,992 --> 00:20:30,029 I mean, Shawn is a bishop in the church. 403 00:20:30,029 --> 00:20:32,631 We put a lot of money in. It was doing very well. 404 00:20:32,631 --> 00:20:33,666 So we're staying with him. 405 00:20:33,666 --> 00:20:34,767 And we left it there. 406 00:20:34,767 --> 00:20:39,738 GUNNING: While Shawn's clients are convinced 407 00:20:39,738 --> 00:20:41,874 that he's managing their investments well, 408 00:20:41,874 --> 00:20:44,043 the financial market begins to freefall. 409 00:20:45,044 --> 00:20:48,114 - Wall Street today took a nosedive sharp enough 410 00:20:48,114 --> 00:20:50,182 to make investors' ears pop. 411 00:20:50,182 --> 00:20:51,117 GEORGE W. BUSH: We are in the midst 412 00:20:51,117 --> 00:20:53,252 of a serious financial crisis. 413 00:20:53,252 --> 00:20:55,387 Our entire economy is in danger. 414 00:20:56,655 --> 00:20:57,990 - My name is Dave Neueswander. 415 00:20:57,990 --> 00:21:01,927 I'm a securities investor for the state of Utah. 416 00:21:01,927 --> 00:21:06,565 And my job is to investigate and prevent fraud. 417 00:21:06,565 --> 00:21:09,502 What happened with the stock market in 2008, 418 00:21:09,502 --> 00:21:10,436 everything dropped. 419 00:21:10,436 --> 00:21:13,072 It didn't really matter what you were invested in. 420 00:21:13,072 --> 00:21:15,541 Shawn starts to see the writing on the wall. 421 00:21:15,541 --> 00:21:16,976 I would imagine the same thing was 422 00:21:16,976 --> 00:21:18,244 happening to Shawn's clients. 423 00:21:18,244 --> 00:21:20,446 They were calling, saying, hey, get me out of the market. 424 00:21:20,446 --> 00:21:22,448 Send me a check. I need my money back. 425 00:21:22,448 --> 00:21:27,086 MERRIMAN: March 18, 2009, 426 00:21:27,086 --> 00:21:29,388 I got the kids off to school, and my phone rings. 427 00:21:29,388 --> 00:21:31,724 [phone rings] 428 00:21:31,724 --> 00:21:34,026 And it's Shawn. 429 00:21:34,026 --> 00:21:37,530 And he said, Andrea, I need you to come home. 430 00:21:37,530 --> 00:21:39,865 [ominous music] 431 00:21:39,865 --> 00:21:42,501 That was really uncharacteristic of him. 432 00:21:44,637 --> 00:21:46,639 I drive home. I went in. 433 00:21:48,240 --> 00:21:49,575 And he kind of looked at me. 434 00:21:51,143 --> 00:21:55,014 And he said, I've been living a secret double life. 435 00:21:55,014 --> 00:21:58,484 ♪ ♪ 436 00:22:04,456 --> 00:22:06,625 GUNNING: Shawn was managing investments for clients, 437 00:22:06,625 --> 00:22:09,461 friends, and family for nearly 15 years, 438 00:22:09,461 --> 00:22:12,097 and everyone was thrilled with the results 439 00:22:12,097 --> 00:22:14,266 until the financial crisis of 2008. 440 00:22:14,266 --> 00:22:16,836 [suspenseful music] 441 00:22:16,836 --> 00:22:21,540 - Shawn said, my company, Market Street Advisors, 442 00:22:21,540 --> 00:22:22,474 is a sham. 443 00:22:22,474 --> 00:22:24,143 I was running a Ponzi scheme. 444 00:22:24,143 --> 00:22:28,547 ♪ ♪ 445 00:22:28,547 --> 00:22:29,949 I am floored. 446 00:22:29,949 --> 00:22:33,652 It was never a moment I expected to happen in my life. 447 00:22:36,222 --> 00:22:39,558 This man, who I believe is a good man, 448 00:22:39,558 --> 00:22:42,161 an honest man, a God-fearing man, 449 00:22:42,161 --> 00:22:44,296 an upstanding member of the community. 450 00:22:45,497 --> 00:22:48,901 In reality, he's a dark, awful, horrible, 451 00:22:48,901 --> 00:22:50,703 greedy criminal. 452 00:22:51,971 --> 00:22:53,339 It was just surreal. 453 00:22:53,339 --> 00:23:02,147 - A Ponzi scheme basically is where someone gives you 454 00:23:02,147 --> 00:23:03,549 their money to invest, 455 00:23:03,549 --> 00:23:06,819 but then this money is then going out the back door 456 00:23:06,819 --> 00:23:10,322 to pay for someone else who is invested as well. 457 00:23:10,322 --> 00:23:12,491 So it's a continual process. 458 00:23:12,491 --> 00:23:14,193 You need to bring in new money 459 00:23:14,193 --> 00:23:17,263 so that you can go and take care of people 460 00:23:17,263 --> 00:23:18,597 who want their money back. 461 00:23:18,597 --> 00:23:23,435 GUNNING: Ponzi schemes can operate for years, 462 00:23:23,435 --> 00:23:25,471 as long as there are a stream of new investors 463 00:23:25,471 --> 00:23:26,805 to keep the money flowing. 464 00:23:26,805 --> 00:23:29,842 But once withdrawals exceed the contributions, 465 00:23:29,842 --> 00:23:33,012 the entire structure collapses, leaving investors with nothing. 466 00:23:33,012 --> 00:23:35,180 CHRIS: During that era, 467 00:23:35,180 --> 00:23:37,116 there was a rash of Ponzi schemes. 468 00:23:37,116 --> 00:23:38,784 Shawn Merriman's case came to light 469 00:23:38,784 --> 00:23:41,320 in the same general time frame as Bernie Madoff, 470 00:23:41,320 --> 00:23:43,422 one of the most famous Ponzi schemes. 471 00:23:43,422 --> 00:23:45,924 REPORTER: Fixture on Wall Street Bernie Madoff, 472 00:23:45,924 --> 00:23:47,493 arrested by the FBI. 473 00:23:47,493 --> 00:23:50,262 - It was just shocking and overwhelming. 474 00:23:50,262 --> 00:23:52,531 My mind was just reeling. 475 00:23:54,133 --> 00:23:55,934 Then he said, I hired an attorney. 476 00:23:55,934 --> 00:23:59,038 I went and met him and told him what I'd been doing. 477 00:23:59,038 --> 00:24:02,107 And we went and met with representatives 478 00:24:02,107 --> 00:24:06,245 of the federal government and revealed my crimes to them. 479 00:24:08,080 --> 00:24:09,848 He destroyed my universe. 480 00:24:11,650 --> 00:24:16,155 - After the first $400,000, he never invested a dime. 481 00:24:16,155 --> 00:24:17,456 He just spent the money. 482 00:24:17,456 --> 00:24:19,825 And he knew that there was just no defense to that. 483 00:24:19,825 --> 00:24:21,527 So he confessed. 484 00:24:21,527 --> 00:24:23,562 - But he didn't get arrested right away. 485 00:24:23,562 --> 00:24:25,464 The investigators needed time 486 00:24:25,464 --> 00:24:27,399 to collect evidence and build a case. 487 00:24:27,399 --> 00:24:29,635 So it would be weeks before he would be charged 488 00:24:29,635 --> 00:24:31,203 and months before he would be sentenced. 489 00:24:31,203 --> 00:24:34,039 MERRIMAN: I didn't know what I was gonna do, 490 00:24:34,039 --> 00:24:36,108 and I couldn't comprehend anything. 491 00:24:36,108 --> 00:24:37,543 Everything is racing. 492 00:24:37,543 --> 00:24:40,079 But I remember saying to him, 493 00:24:40,079 --> 00:24:42,614 well, at least the house is paid off. 494 00:24:42,614 --> 00:24:45,851 So the kids and I would have a place to live. 495 00:24:45,851 --> 00:24:47,653 And he said, no, you don't understand. 496 00:24:47,653 --> 00:24:49,722 The house is gone. The cars are gone. 497 00:24:49,722 --> 00:24:52,391 The savings are gone. The investments are gone. 498 00:24:52,391 --> 00:24:56,095 Everything of value is frozen and scheduled for seizure 499 00:24:56,095 --> 00:24:57,596 by the federal government. 500 00:24:59,865 --> 00:25:04,603 And that was the worst moment. 501 00:25:04,603 --> 00:25:09,541 ♪ ♪ 502 00:25:09,541 --> 00:25:13,245 I just felt like I had fallen into the center of the Earth, 503 00:25:13,245 --> 00:25:16,882 and there was not gonna be any way out. 504 00:25:19,151 --> 00:25:23,355 And in that moment, I just thought, I gotta run. 505 00:25:23,355 --> 00:25:24,857 I have to get out of here. 506 00:25:24,857 --> 00:25:29,261 And I ran to my car and picked up the phone to call for help. 507 00:25:32,164 --> 00:25:34,566 My first call was to my sister. 508 00:25:34,566 --> 00:25:41,306 KIM: I was so stunned. I just sat there. 509 00:25:41,306 --> 00:25:44,143 I sat there for so long that she thought I hung up on her. 510 00:25:46,044 --> 00:25:49,681 Wow, that means he was going to go to prison, 511 00:25:49,681 --> 00:25:52,117 and she would probably lose everything. 512 00:25:52,117 --> 00:25:55,721 And that is when I just-- 513 00:25:55,721 --> 00:25:58,056 I was so, so blown away. 514 00:25:58,056 --> 00:26:00,526 Sorry, I didn't even think I'd get emotional about it. 515 00:26:05,064 --> 00:26:07,666 And I think in hindsight now, 516 00:26:07,666 --> 00:26:09,902 I see how devastating it was and... 517 00:26:12,571 --> 00:26:16,341 how scary that would be, as a mother of four kids, 518 00:26:17,810 --> 00:26:20,813 to find out all that was happening 519 00:26:20,813 --> 00:26:22,381 and that your whole life is being 520 00:26:22,381 --> 00:26:23,582 ripped out from under you. 521 00:26:23,582 --> 00:26:29,688 GUNNING: And there were other innocent victims at home. 522 00:26:31,223 --> 00:26:35,494 Their children were ages 3 to 16. 523 00:26:35,494 --> 00:26:38,564 And as hard as this conversation was going to be, 524 00:26:38,564 --> 00:26:40,899 they needed to understand what was about to unfold. 525 00:26:40,899 --> 00:26:46,405 MERRIMAN: That night, we're all in our family room. 526 00:26:46,405 --> 00:26:51,910 ♪ ♪ 527 00:26:51,910 --> 00:26:55,180 And he said, well, I need to tell you 528 00:26:55,180 --> 00:26:58,584 that I've made a little mistake. 529 00:26:58,584 --> 00:27:00,986 And I'm over there from the other side going, 530 00:27:00,986 --> 00:27:04,623 you have lied not just once, but many times. 531 00:27:06,258 --> 00:27:10,762 And then he says, I have stolen some money. 532 00:27:10,762 --> 00:27:13,031 And I'm over there going, $20 million? 533 00:27:16,101 --> 00:27:19,037 And I'll be going away for a little while. 534 00:27:19,037 --> 00:27:22,975 And I'm over there saying, to federal prison for many years. 535 00:27:22,975 --> 00:27:26,912 Like, I just felt like he was minimizing all of it. 536 00:27:29,081 --> 00:27:32,351 The kids were shocked and stunned. 537 00:27:32,351 --> 00:27:33,785 They all were crying. 538 00:27:34,786 --> 00:27:39,625 And then my nine-year-old said, wait, 539 00:27:39,625 --> 00:27:42,494 does this mean you're going to divorce Dad? 540 00:27:44,663 --> 00:27:46,632 - When you're nine years old, you don't really 541 00:27:46,632 --> 00:27:49,401 understand things like that. 542 00:27:49,401 --> 00:27:51,770 You go from just being a normal kid, 543 00:27:51,770 --> 00:27:55,774 thinking life is life to confusion. 544 00:27:55,774 --> 00:27:58,176 It doesn't feel real when something like that happens. 545 00:27:58,176 --> 00:28:03,482 MERRIMAN: That's how crime is. 546 00:28:03,482 --> 00:28:10,022 It is a mess, and the fallout is always so much more. 547 00:28:10,022 --> 00:28:13,492 It's a ripple effect, and it doesn't just hurt you. 548 00:28:13,492 --> 00:28:17,329 It destroys marriages, families, 549 00:28:17,329 --> 00:28:21,867 lives, friendships, relationships, 550 00:28:21,867 --> 00:28:23,368 sometimes for all time. 551 00:28:26,138 --> 00:28:28,640 - It didn't take long for Shawn's investors to find out 552 00:28:28,640 --> 00:28:29,641 that they were victims 553 00:28:29,641 --> 00:28:31,643 of a multimillion dollar Ponzi scheme. 554 00:28:31,643 --> 00:28:33,445 [suspenseful music] 555 00:28:33,445 --> 00:28:36,348 TIM: I had just flown into the airport from New York, 556 00:28:36,348 --> 00:28:38,050 and I was on my way home in my car. 557 00:28:38,050 --> 00:28:41,053 And I got a call from another investor. 558 00:28:41,053 --> 00:28:44,489 He said, hey, Tim, it's all a Ponzi scheme. 559 00:28:44,489 --> 00:28:45,591 We lost all our money. 560 00:28:45,591 --> 00:28:49,962 MATT: He did wreck a lot of lives. 561 00:28:49,962 --> 00:28:52,864 He stole a lot of money from investors, 562 00:28:52,864 --> 00:28:54,800 stole a of money from family. 563 00:28:54,800 --> 00:28:59,638 - In situations like this, people can lose their minds. 564 00:29:02,140 --> 00:29:04,576 And a lot of dangerous things can happen. 565 00:29:04,576 --> 00:29:08,580 [tense music] 566 00:29:08,580 --> 00:29:13,585 One night, a neighbor, who lost a substantial sum of money, 567 00:29:15,087 --> 00:29:18,323 he was so angry with Shawn, and he had a gun. 568 00:29:22,227 --> 00:29:25,130 And he came over to our house, climbed the steps 569 00:29:25,130 --> 00:29:27,432 of the front porch, made it to our front door, 570 00:29:28,800 --> 00:29:30,969 ready to blow someone away. 571 00:29:30,969 --> 00:29:33,205 [tense music] 572 00:29:40,445 --> 00:29:41,480 GUNNING: Over the 15 years 573 00:29:41,480 --> 00:29:43,315 that Shawn ran this Ponzi scheme, 574 00:29:43,315 --> 00:29:45,651 he had dozens of investors that invested 575 00:29:45,651 --> 00:29:48,587 a million dollars or more, and now it was all gone. 576 00:29:48,587 --> 00:29:52,090 SKIP: Initially, there's this shock. 577 00:29:52,090 --> 00:29:54,026 Nobody can believe what's happening. 578 00:29:54,026 --> 00:29:55,594 Then there's this anger that comes, 579 00:29:55,594 --> 00:29:57,729 and the anger gets kind of directed at the whole family. 580 00:29:57,729 --> 00:29:59,865 [knocking on door] 581 00:29:59,865 --> 00:30:01,967 ♪ ♪ 582 00:30:01,967 --> 00:30:04,102 GUNNING: For one investor, 583 00:30:04,102 --> 00:30:06,171 who was actually a neighbor of theirs, 584 00:30:06,171 --> 00:30:08,507 the loss was too great to bear. 585 00:30:08,507 --> 00:30:11,476 So he went over to the Merriman home with a gun. 586 00:30:11,476 --> 00:30:16,882 MERRIMAN: I remember thinking to myself, the end was near. 587 00:30:20,686 --> 00:30:24,289 I am there with kids looking at me. 588 00:30:25,891 --> 00:30:28,093 - None of us had any idea of what was happening. 589 00:30:28,093 --> 00:30:30,929 GUNNING: It was a terrifying situation. 590 00:30:32,831 --> 00:30:35,300 Luckily, this man eventually came to his senses, 591 00:30:35,300 --> 00:30:37,002 put the gun down, and walked away. 592 00:30:37,002 --> 00:30:43,342 SKIP: To me, I was like, this is craziness. 593 00:30:43,342 --> 00:30:44,609 I don't understand this at all. 594 00:30:44,609 --> 00:30:46,311 And I remember thinking that the whole thing is ugly. 595 00:30:49,481 --> 00:30:51,183 - I've had a chance to go and listen 596 00:30:51,183 --> 00:30:54,619 to some of the victims, and it's heart-wrenching 597 00:30:54,619 --> 00:30:55,620 to hear them. 598 00:30:56,788 --> 00:30:58,490 This was their life savings. 599 00:30:58,490 --> 00:31:00,959 They have no more retirement. 600 00:31:00,959 --> 00:31:02,661 In my experience, a lot of people 601 00:31:02,661 --> 00:31:03,962 never really get over it. 602 00:31:03,962 --> 00:31:06,465 TIM: Our friend, they said, we trusted him. 603 00:31:06,465 --> 00:31:09,568 You know, Mormon bishop and all this other stuff, 604 00:31:09,568 --> 00:31:12,838 we trusted him with all this money, and now we lost it all. 605 00:31:12,838 --> 00:31:16,041 GUNNING: Word of Shawn's crimes started to spread, 606 00:31:16,041 --> 00:31:19,111 and news media started to take interest in the story. 607 00:31:19,111 --> 00:31:21,246 - Among the swindled investors are even some 608 00:31:21,246 --> 00:31:22,681 of Merriman's own neighbors. 609 00:31:22,681 --> 00:31:24,716 Some lost their retirement savings. 610 00:31:24,716 --> 00:31:26,418 We're told, in at least one case, 611 00:31:26,418 --> 00:31:28,320 a man is going to lose his home. 612 00:31:28,320 --> 00:31:29,121 - Very sad. 613 00:31:29,121 --> 00:31:30,956 The people who had invested with him, I think, really 614 00:31:30,956 --> 00:31:33,191 trusted him and thought that they were friends with him. 615 00:31:33,191 --> 00:31:37,462 MERRIMAN: I remember feeling complete humiliation 616 00:31:37,462 --> 00:31:40,599 that everything related to the demise of my family 617 00:31:40,599 --> 00:31:43,034 was playing out on national television. 618 00:31:44,736 --> 00:31:49,307 The media dubbed Shawn "The Mormon Madoff." 619 00:31:49,307 --> 00:31:51,810 That was a combo of his religion 620 00:31:51,810 --> 00:31:55,480 and the infamous Ponzi schemer, Bernie Madoff. 621 00:31:56,915 --> 00:31:58,750 - A few weeks later, federal agents 622 00:31:58,750 --> 00:31:59,851 show up at Andrea's home. 623 00:31:59,851 --> 00:32:03,288 MERRIMAN: They just went through 624 00:32:03,288 --> 00:32:06,792 every room of the house, looking for things of value. 625 00:32:06,792 --> 00:32:09,728 GUNNING: They start taking everything-- 626 00:32:09,728 --> 00:32:14,733 the cars, the boats, the artwork, anything worth money. 627 00:32:14,733 --> 00:32:17,335 And these items were going to auction in hopes that 628 00:32:17,335 --> 00:32:19,438 it could pay back Shawn's victims. 629 00:32:19,438 --> 00:32:21,706 There are federal agents, government vehicles, 630 00:32:21,706 --> 00:32:22,841 all on her property. 631 00:32:22,841 --> 00:32:25,377 I mean, it was a spectacle for her community. 632 00:32:25,377 --> 00:32:31,917 MERRIMAN: My neighbors took to gathering right next door. 633 00:32:31,917 --> 00:32:34,319 And they would just drink. 634 00:32:34,319 --> 00:32:37,189 And they're all watching the horror going on at our house, 635 00:32:37,189 --> 00:32:39,191 laughing, joking like they're at a party. 636 00:32:43,028 --> 00:32:46,464 At the same time, I remember Shawn saying to me, 637 00:32:46,464 --> 00:32:48,133 well, at least you had a good life. 638 00:32:48,133 --> 00:32:50,535 At least you got to see a lot of fun places. 639 00:32:50,535 --> 00:32:53,438 At least you got a lot of fun vacations out of it. 640 00:33:00,278 --> 00:33:02,814 - And I just lost it on him. 641 00:33:02,814 --> 00:33:06,685 I said, I don't love that I did any of that. 642 00:33:06,685 --> 00:33:10,188 Everything was so tainted, even the memories. 643 00:33:10,188 --> 00:33:12,457 [somber music] 644 00:33:12,457 --> 00:33:16,828 I looked at him and said, you realize I have to divorce you. 645 00:33:21,266 --> 00:33:25,403 And he didn't believe that that was necessary. 646 00:33:25,403 --> 00:33:28,006 And I said, no, no. [scoffs] 647 00:33:28,006 --> 00:33:30,909 With all you've done, all I know is, 648 00:33:30,909 --> 00:33:33,578 divorce is the consequence of that. 649 00:33:35,881 --> 00:33:37,616 - Andrea realizes there's nothing 650 00:33:37,616 --> 00:33:38,917 left for her in Colorado. 651 00:33:42,153 --> 00:33:46,024 - I knew that I had to figure out where I was gonna live, 652 00:33:46,024 --> 00:33:48,360 where I was gonna go, make arrangements for a house, 653 00:33:48,360 --> 00:33:49,594 try to find a job. 654 00:33:49,594 --> 00:33:54,432 JILL: She was putting stuff in the car to drive to Utah 655 00:33:54,432 --> 00:33:55,534 to look for a place to live. 656 00:33:58,403 --> 00:34:00,839 And so I packed a bag, and I came with her. 657 00:34:03,508 --> 00:34:04,009 Sorry. 658 00:34:06,678 --> 00:34:08,813 I drove with her to Utah to be her friend. 659 00:34:08,813 --> 00:34:13,752 MERRIMAN: I drove away without a backward glance 660 00:34:13,752 --> 00:34:14,719 to the neighborhood. 661 00:34:17,989 --> 00:34:21,393 And what I arrived to in Utah was, 662 00:34:21,393 --> 00:34:24,029 I moved into my brother's basement. 663 00:34:25,297 --> 00:34:28,566 It was embarrassing. It was sad. 664 00:34:28,566 --> 00:34:29,935 It was frustrating. 665 00:34:29,935 --> 00:34:33,071 KIM: From where she had been in her life... 666 00:34:35,340 --> 00:34:36,708 that was quite a step down. 667 00:34:36,708 --> 00:34:41,246 GUNNING: Andrea's life has fallen apart, 668 00:34:41,246 --> 00:34:43,148 but there was one thing that was about to happen 669 00:34:43,148 --> 00:34:44,616 that she did not expect. 670 00:34:44,616 --> 00:34:48,486 ♪ ♪ 671 00:34:53,825 --> 00:34:56,328 GUNNING: As Andrea attempts to rebuild her life in Utah, 672 00:34:56,328 --> 00:34:58,330 back in Colorado, federal prosecutors 673 00:34:58,330 --> 00:34:59,831 are building their case against Shawn. 674 00:34:59,831 --> 00:35:02,300 [pensive music] 675 00:35:02,300 --> 00:35:04,803 During this time, Andrea's divorce is finalized, 676 00:35:04,803 --> 00:35:06,705 and she decides that she's not gonna go back 677 00:35:06,705 --> 00:35:08,473 to Denver for Shawn's sentencing hearing. 678 00:35:08,473 --> 00:35:11,242 JILL: She called and asked me, 679 00:35:11,242 --> 00:35:13,378 can you please go to the courthouse 680 00:35:13,378 --> 00:35:15,847 to see what his sentencing would be? 681 00:35:17,515 --> 00:35:20,218 It was hard to be in that courtroom. 682 00:35:20,218 --> 00:35:22,988 Shawn was shackled and in his yellow jumpsuit. 683 00:35:22,988 --> 00:35:25,056 And he said, come here. 684 00:35:25,056 --> 00:35:26,057 Jill, can you come here? 685 00:35:27,425 --> 00:35:30,195 He just told me to tell Andrea he loved her, 686 00:35:30,195 --> 00:35:32,097 and it was just weird. 687 00:35:34,232 --> 00:35:35,233 I just turned around and walked 688 00:35:35,233 --> 00:35:37,302 to the back of the courtroom and sat there 689 00:35:37,302 --> 00:35:38,503 waiting for the sentencing. 690 00:35:40,538 --> 00:35:44,342 - Several of the investors, the car guys were there. 691 00:35:44,342 --> 00:35:46,711 Shawn was crying at one time. 692 00:35:46,711 --> 00:35:50,815 KIM: I feel like he's very sad that he got caught, 693 00:35:50,815 --> 00:35:54,285 not that he ran a Ponzi scheme. 694 00:35:54,285 --> 00:35:58,656 I don't think that he's ever been remorseful about that. 695 00:35:58,656 --> 00:36:02,660 MERRIMAN: His sentence was 12 1/2 years 696 00:36:02,660 --> 00:36:04,029 in federal prison, 697 00:36:04,029 --> 00:36:06,831 convicted of stealing more than $20 million. 698 00:36:08,266 --> 00:36:12,137 He had around 40 or so victims. 699 00:36:12,137 --> 00:36:15,373 DAVE: He even took his parents' money, 700 00:36:15,373 --> 00:36:18,376 and he lost his parents' money. 701 00:36:18,376 --> 00:36:22,080 The fact that that was not impacting Shawn 702 00:36:22,080 --> 00:36:26,451 really tells you the inner workings of his moral compass. 703 00:36:26,451 --> 00:36:28,153 - In addition to the prison sentence, 704 00:36:28,153 --> 00:36:29,688 Shawn was required to pay back 705 00:36:29,688 --> 00:36:32,023 the more than $20 million that he stole. 706 00:36:32,023 --> 00:36:33,825 The sale of the assets that were seized 707 00:36:33,825 --> 00:36:35,694 raised about $5 million. 708 00:36:35,694 --> 00:36:38,229 But that wasn't enough to pay back everybody. 709 00:36:39,764 --> 00:36:44,202 - I've never seen any restitution at all. 710 00:36:44,202 --> 00:36:46,838 I didn't expect to see any restitution. 711 00:36:46,838 --> 00:36:48,907 TIM: The million-dollar guys, 712 00:36:48,907 --> 00:36:50,875 they're still waiting for money. 713 00:36:50,875 --> 00:36:53,645 They're still extremely angry. 714 00:36:53,645 --> 00:36:54,779 And I don't blame them. 715 00:36:54,779 --> 00:36:58,283 - He can go to prison and "pay his time," 716 00:36:58,283 --> 00:37:01,553 but his victims are sentenced to something 717 00:37:01,553 --> 00:37:03,121 for the rest of their lives. 718 00:37:03,121 --> 00:37:09,327 GUNNING: Despite going to prison, Shawn was desperate 719 00:37:09,327 --> 00:37:10,962 to still be a part of his kids' lives. 720 00:37:12,130 --> 00:37:15,100 - My first birthday when he was in prison, he called me, 721 00:37:15,100 --> 00:37:17,669 and I just remember, he was crying, 722 00:37:17,669 --> 00:37:19,404 couldn't stop saying sorry. 723 00:37:19,404 --> 00:37:21,706 And then reality kinda set in. 724 00:37:21,706 --> 00:37:23,441 Like, yeah, he's in prison. 725 00:37:23,441 --> 00:37:26,811 So you don't have the same relationship you once did. 726 00:37:27,979 --> 00:37:30,949 - As hard as it was, Andrea and her family 727 00:37:30,949 --> 00:37:32,684 worked to move on from what had happened. 728 00:37:32,684 --> 00:37:36,888 [pensive music] 729 00:37:36,888 --> 00:37:40,525 MERRIMAN: Post-betrayal, I was really fortunate. 730 00:37:40,525 --> 00:37:43,862 I got offered a job in a down economy, 731 00:37:43,862 --> 00:37:48,566 and friends helped me arrange a place to stay. 732 00:37:48,566 --> 00:37:51,002 So I had a house taken care of. 733 00:37:51,002 --> 00:37:55,306 And then, eventually, I was able to earn a master's degree. 734 00:37:56,941 --> 00:37:58,810 I never realized this could be me. 735 00:38:03,615 --> 00:38:06,918 I've met a few men in the years since my divorce. 736 00:38:06,918 --> 00:38:08,520 Every one of them, when they found out 737 00:38:08,520 --> 00:38:12,657 I was basically in poverty, were like, no, thank you. 738 00:38:12,657 --> 00:38:16,261 But the voice in my head kept saying, don't give up. 739 00:38:16,261 --> 00:38:20,231 I'm so glad I didn't give up because the voice in my head 740 00:38:20,231 --> 00:38:21,432 turned out to be right. 741 00:38:21,432 --> 00:38:24,802 [soft exciting music] 742 00:38:24,802 --> 00:38:25,904 DAVE: We met for lunch, 743 00:38:25,904 --> 00:38:28,606 and she was so easy to talk to. 744 00:38:29,974 --> 00:38:35,547 I was attracted to how smart she was, how talented she was, 745 00:38:35,547 --> 00:38:39,984 her life experiences, and I think she's beautiful. 746 00:38:39,984 --> 00:38:43,955 GUNNING: Dave had worked in the financial world 747 00:38:43,955 --> 00:38:45,557 his entire career. 748 00:38:45,557 --> 00:38:48,226 And although he didn't work on Shawn's case, 749 00:38:48,226 --> 00:38:51,062 he understood what Andrea had gone through. 750 00:38:51,062 --> 00:38:53,765 And that created a unique bond between the two of them. 751 00:38:53,765 --> 00:38:56,201 - It was just a great courtship, 752 00:38:56,201 --> 00:38:58,203 very easy to fall in love. 753 00:38:59,370 --> 00:39:02,273 We've been married going on four years now. 754 00:39:03,541 --> 00:39:05,510 KIM: Andrea is very happy right now. 755 00:39:05,510 --> 00:39:07,912 She just started to shine again. 756 00:39:07,912 --> 00:39:11,049 - Andrea continues her healing journey from this betrayal. 757 00:39:11,049 --> 00:39:13,051 And her husband, Dave, takes pride 758 00:39:13,051 --> 00:39:15,286 in taking down perpetrators like Shawn. 759 00:39:15,286 --> 00:39:18,656 MERRIMAN: He's working and doing that every day, 760 00:39:18,656 --> 00:39:19,891 and I love it. 761 00:39:19,891 --> 00:39:21,893 Makes sure that what happened to me 762 00:39:21,893 --> 00:39:23,528 never happens to anyone else. 763 00:39:23,528 --> 00:39:31,169 GUNNING: Andrea, what do you feel are some of the lessons 764 00:39:31,169 --> 00:39:33,104 that you learned through the experience? 765 00:39:33,104 --> 00:39:37,909 MERRIMAN: The biggest lessons I learned were, 766 00:39:37,909 --> 00:39:41,012 we absolutely can't control all the experiences 767 00:39:41,012 --> 00:39:42,447 that come our way. 768 00:39:42,447 --> 00:39:45,617 But I just don't believe that we can 769 00:39:45,617 --> 00:39:47,518 or should let them stop us. 770 00:39:50,221 --> 00:39:55,727 So many people are living hard experiences. 771 00:39:55,727 --> 00:39:58,930 And maybe, instead of judging people, 772 00:39:58,930 --> 00:40:00,498 we should see what we can do 773 00:40:00,498 --> 00:40:03,234 to lift and inspire someone else 774 00:40:03,234 --> 00:40:06,037 and help someone else make their own comeback 775 00:40:06,037 --> 00:40:08,673 and overcome their own loss or their own betrayal. 776 00:40:10,742 --> 00:40:13,778 And then, beyond that, we just each have to be good people 777 00:40:13,778 --> 00:40:17,882 and make sure we're never the one that commits a betrayal. 778 00:40:17,882 --> 00:40:22,387 ♪ ♪ 60005

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