MILWAUKEE (AP) — A Wisconsin businessman indicted in an alleged scheme to fraudulently obtain bank loans has filed for bankruptcy protection.
Ronald Van Den Heuvel, of De Pere, filed on behalf of Green Box NA Green Bay in federal court’s Eastern District. One of the 21 creditors listed on the filing is the Wisconsin Economic Development Corp. Van Den Heuvel owes the state’s job creation agency more than $1.2 million. The agency made the loan in 20111-2012 for a project to turn waste paper into synthetic fuel and paper products.
The State Journal reports the court filing says Green Box has less than $50,000 in assets and owes between $10 million and $50 million.
Van Den Heuvel is charged with 13 counts of federal bank fraud for an alleged scheme dating back to 2008 and 2009.