Money laundering scheme leads to prison sentence for Salt Lake City man.
A Salt Lake City man, David Merrill, 42, has been sentenced to 21 months in federal prison for his role in a money laundering scheme. The scheme involved diverting funds from High Street Funding, where Merrill worked from 2006 through 2011, to his personal bank accounts.
According to a felony information filed in the case, Merrill directed approximately $1 million in client payments to his accounts at various banks in Utah. This activity was unknown to his employer and done without their authorization.
The case was prosecuted by the U.S. Attorney’s Office in Salt Lake City and investigated by special agents of IRS Criminal Investigation.
The court also ordered Merrill to pay $986,073.03 in restitution to High Street Funding and imposed 36 months of supervised release following the completion of his prison sentence.
Defendant: David Merrill
Criminal Charge: Money Laundering
City and State: Salt Lake City, Utah
Outcome: 21 months in federal prison, $986,073.03 in restitution, 36 months of supervised release
Dollar Amount: $1,000,000
Related Federal Cases
- David Merrill, Money Laundering, Utah 2011 · Illinois
- Patrick Merrill Brody, Wire Fraud and Money Laundering, Utah 2012 · Florida
- Jeffrey Charles Zander, Mail and Wire Fraud and Money Laundering, Utah 2012 · Hawaii
- Armand R. Franquelin, Securities Fraud and Money Laundering, Utah 2006 · Washington
- Stanley Raass, Wire Fraud and Money Laundering, Utah 2013 · Utah
Key Facts
- State: Utah
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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