Two men sentenced in killing of Wheat Ridge jewelry store owner

The two men convicted in the kidnapping and deadly shooting of a Wheat Ridge jewelry store owner stemming from a robbery in November 2023 have now both been sentenced.

On Nov. 29, 2023, two men entered Peter Damian Fine Jewelry & Antiques in Wheat Ridge, robbed the store, then kidnapped the store’s owner, Peter Arguello, 64.

After the kidnapping, the men assaulted Arguello, then one shot and killed him.

On Sept. 10, Charles Shay, who shot Arguello, was sentenced to life without parole with an additional 120 years on first-degree murder counts. Meanwhile, on Monday, co-defendant Michael James McCormack received 75 years behind bars on murder and aggravated robbery convictions, according to a First Judicial District news release on Monday.

During McCormack’s sentencing, family members of Arguello argued he gained the jewelry store owner’s trust in order to target his store, judicial district officials said.

Arguello’s family members described him as a “devoted family man, a proud small business owner, and a beloved member of the Wheat Ridge community.” officials said.

“Our 20-year-old business was destroyed in minutes,” Teresa Casillas, Arguello’s wife, said in a news release.

“Peter was the reason customers came to the store. After his murder, it was impossible to keep it open,” she said. “He was committed to working at least 10 more years because he loved his little shop and took so much pride in its treasures. Unlike most of us, going to work was fun for him.”

Casillas pointed blame to the justice system, arguing the two years it took for sentencing was too long.

“I am angry at the system that did not protect us from him,” Casillas said. “I am angry at the delays, the legal posturing, and the upcoming appeals. When do we get to grieve? We know that sentencing doesn’t bring Peter back, but it does keep this man from hurting other families.”

“Peter Arguello was an innocent victim and a beloved member of this community whose life was stolen in a senseless act of violence,” First Judicial District Chief Deputy District Attorney Chandler Grant said in the release. “These sentences bring accountability, honor the strength of his family and community, and reflect the tireless work of our law enforcement partners to ensure justice for Peter and his loved ones.”


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