GREEN BAY, WI (WTAQ-WLUK) – A businessman convicted in a federal fraud case was sentenced Wednesday to 90 months in prison.
Ron Van Den Heuvel must also pay restitution of $9,428,618.81, court records show.
Van Den Heuvel was convicted previously of conspiracy to commit bank fraud for arranging an illegal loan from Horicon Bank for his business, Green Box. He was sentenced to three years in prison in that case.
After that, federal prosecutors filed 14 additional counts against Van Den Heuvel, alleging he raised more than $9 million from investors – including the Wisconsin Economic Development Corp. – but used some of the money on personal items, including a car and Packers tickets.
The new prison term will be served concurrently with the first sentence, court records indicate.
