Former Wall Street banker commits suicide in court after arson guilty verdict – burning down his mansion to collect insurance
Michael Marin, a former Wall Street trader convicted of setting his Phoenix mansion on fire in a desperate ploy to get out of his mortgage put his hands to his mouth — seemingly in shock — and collapsed after the verdict was read Thursday.
He later died, but authorities are wondering if the hand gesture was actually a final, preplanned act to poison himself, according to reports.
About five minutes after learning his fate, a video showed him covering his mouth with his hands and swallowing, according to Fox 10 News in Phoenix…Moments later…he appeared as if he was sobbing, but his body twisted into violent convulsions…Ten minutes later, Marin was put into an ambulance and taken to a hospital, where he was pronounced dead…
…He had fallen into serious debt and could no longer afford the $17,250 monthly mortgage payments. In addition, he stood to gain a $650,000 insurance claim, according to reports…
Fire officials suspected that the early-morning inferno began in more than one place, and found flammable materials laid out around the house, the Arizona Republic reported. No one was hurt at the time, and it was discovered Marin had been living in another, smaller home at the time.
He was charged with arson, and his trial began five weeks ago.
The jury found him guilty. Obviously something Marin suspected was a strong possibility. Courtroom security was up to Arizona legal standards and he was able to bring whatever he used to take his own life — into the courtroom.