De Pere businessman indicted on fraud charges
GREEN BAY (WLUK) -- The Department of Justice indicted the owner of a troubled recycling company on wire fraud and money laundering charges Wednesday.
The indictment alleges Ronald Van Den Heuvel, 62, fraudulently obtained more than $9 million in loans and investments for his eco-friendly "Green Box" business plan but used much of the money for personal use.
Van Den Heuvel promoted his business in the Green Bay area from 2011 through 2015.
Van Den Heuvel claimed his Green Box process could turn post-consumer waste into usable consumer products and energy, officials say.
Part of the $9 million Van Den Heuvel received, $1.1 million of that came from the Wisconsin Economic Development Corp. in 2011.
Court documents say Van Den Heuvel spent much of the money to pay old debts and personal expenses, including a new Cadillac Escalade, Packers tickets and court-ordered support payments to his ex-wife.
Van Den Heuvel has said he did nothing wrong.