GRAND RAPIDS, Mich. (AP) – Federal prosecutors in Grand Rapids are recommending at least 30 years in prison for the leader of a multimillion-dollar scam.
David McQueen promised steady interest payments to hundreds of investors, many of them elderly. But the government says he simply moved money back and forth to keep checks afloat.
McQueen is returning to federal court for his sentence Wednesday, six months after he was convicted of fraud and other crimes. The government says he owes $32 million in restitution.
Assistant U.S. Attorney Sally Berens says McQueen’s scheme was based on trust. She says he portrayed himself as a Christian who would do good works.
Defense attorney Scott Graham filed a sentencing memo, but the public is denied access to the document.