MILWAUKEE, WI (WSAU) bA De Pere businessman is accused of defrauding Wisconsin taxpayers out of over $1-million. 62-year-old Ronald Van Den Heuvel was indicted this week by a grand jury in Milwaukee on 14-counts.
Court documents show he received more than $9-million in loans and investments for his “Green Box” business plan. His proposed company would take waste products from fast-food restaurants and turn them into energy and consumer items. Around $1.2-million in business development loans came from the Wisconsin Economic Development Corporation. Two other states also gave money to Van Den Huevel’s companies.
Van Den Heuvel then spent the money on himself by buying a new Cadillac Escalade, Green Bay Packers tickets and other items.
Van Den Heuvel is also charged with scamming investors from Canada and China who would sponsor workers for his company under the EB-5 visa program.
The MetroSource news wire contributed to this report.
