Contact Us

Minnesota Coin Dealer Gets Five Years in Fraud Scheme

Getty Images

MINNEAPOLIS (AP) – A Twin Cities coin dealer has been sentenced to five years in prison for his role in a scheme that bilked clients out of nearly $3.4 million.

David Marion was sentenced Thursday. He could have been sentenced to more than seven years under federal sentencing guidelines.

U.S. District Judge Patrick Schiltz called the investor losses “huge” but acknowledged that Marion “resisted the temptation to blame others” for his crime.

But Assistant U.S. Attorney Karen Schommer says her office disagreed with the lesser sentence. She noted that many of the 57 mostly elderly victims lost their life savings.

Marion pleaded guilty last February to money laundering and conspiracy to commit mail and wire fraud.

Reports say Marion also must pay restitution of $3.37 million.

More WJON News

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://wjon.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for The WJON VIP Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive The WJON VIP Club contests, events, coupons, presales, and much more delivered to you for FREE.