Grand Rapids Man Guilty Of Money Laundering - WLNS TV 6 Lansing - Jackson | Your Local News Leader

Grand Rapids Man Guilty Of Money Laundering

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(WLNS) - An insurance salesman from Grand Rapids has been convicted of more than a dozen charges related to money laundering.

43-year-old David McQueen ran a ponzi scheme for three years and is accused of scamming more than 800 families out of $46 Million.

He often convinced elderly investors to put money into a fake company.

Officials say he kept $100,000 a month from the scam.

McQueen faces up to 20 years in prison for each of the six felony charges he was found guilty on.

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