Federal government files complaint against De Pere business man
GREEN BAY (WLUK) – The federal government filed a complaint Tuesday against the owner of a troubled recycling company.
The Securities and Exchange Commission alleges that Ronald Van Den Heuvel, owner of Green Box Process, “took advantage of investors who believed that they were investing in a new way to recycle post-consumer waste,” according to the 35-page complaint.
Instead, the government alleges fraud.
“In reality, Van Den Heuvel misappropriated a substantial percentage of the funds contributed by investors. Instead of using investor funds to implement the Green Box Process, Van Den Heuvel used a significant portion of their investments for improper purposes, such as a Cadillac Escalade, payments to his ex-wife, overdue taxes, Green Bay Packers tickets, and cash for himself."
The government seeks orders for Van Den Heuvel to “disgorge the ill-gotten gains” from the investors, plus pay civil penalties.
This action is separate from criminal fraud charges filed against Van Den Huevel last year. An Oct. 23 trial is scheduled in that case.
FOX 11 did reach out to Van Den Heuvel's attorney for comment and are waiting to hear back.