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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.
2820 East Saginaw Street, Lansing, MI 48912