Nip Impressions logo
Fri, Mar 29, 2024 02:40
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
New trial date in Van Den Heuvel bank fraud case

GREEN BAY (From WLUK) -- A new trial date has been set for a businessman and his wife charged with fraud.

Green Box founder Ron Van Den Heuvel and Kelly Yessman Van Den Heuvel are now scheduled to stand trial July 31, according to court records.

They are accused of bank fraud for allegedly illegally arranging a series of loans.

Their former banker, Paul Piikkila agreed to plead guilty and testify against the Van Den Heuvels. His sentencing has not been set.

The federal indictment alleges that Piikkila, a loan officer at Horicon Bank in Appleton, approved a series of loans totaling more than $1 million. The indictment says Horicon Bank had told Piikkila not to loan any money to Van Den Heuvel, so none of the loans mentioned in the indictment were written to him by name. The couple has pleaded not guilty.

At least five agencies have been investigating Van Den Heuvel over claims he defrauded investors -- including the Wisconsin Economic Development Corp. -- through a series of companies that he claimed would be able to convert food-contaminated paper and other difficult to recycle waste into new products and energy in a process that created no pollution.

Van Den Heuvel's primary company, Green Box NA, filed for federal bankruptcy protection in April. According to court documents, the company had less than $50,000 in assets and more than $10 million in debt.

*****

Join Jim Thompson on the 2nd Annual Papermakers Mission Trip to Guatemala, 22 - 29 July 17. Build houses, talk about the pulp and paper industry. For more information, email jthompson@taii.com with "Guatemala" in the subject line.


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: