De Pere businessman indicted for fraud of WEDC

De Pere businessman Ron Van Den Heuvel has been indicted on federal charges for allegedly defrauding the state’s economic development agency of $1.2 million, according to the Green Bay Press Gazette.

The indictment, announced by U.S. Attorney Gregory Haanstad, says Van Den Heuvel, owner of Green Box NA, was allegedly engaged in fraud and money laundering after securing taxpayer funding from the Wisconsin Economic Development Corp.

The funding was supposed to be used as part of a green energy project to create 116 jobs by turning waste paper into synthetic fuel and new paper products. Vanden Heuvel, who is accused of inflating his personal wealth in false financial statements, allegedly used the money to cover personal expenses and pay creditors, and he allegedly transferred a substantial portion of the loan to other business entities.