Green Box Recycling

$7.6 million

De Pere, WI

2012 - 2017

Between 2012 and 2017, Ronald Van Den Heuvel solicited investor funds for his recycling company Green Box. Specifically, Van Den Heuvel promised that he would use funds for the “Green-Box Process” — an eco-friendly recycling process, and that the money would go towards equipment and facility purchases as well as the development of a ‘green’ solution for post-consumer waste.

Ultimately, 10 investors decided to invest with Green Box, several of whom also used Green Box as their investment necessary to qualify for an EB-5 visa.

Unfortunately, Van Den Heuvel used over half of the $7.6 million raised for unauthorized personal and unrelated business expenses. His expenditures included a Cadillac Escalade, Green Bay Packers tickets, overdue state taxes, payments to his ex-wife and mother-in-law, and a prior outstanding judgment.

Van Den Heuvel was sentenced to three years in prison for conspiracy to commit bank fraud. He also faces 14 counts of wire fraud and money laundering.