UNITED STATES SECURITIES AND EXCHANGE COMMISSION vs RONALD VAN DEN HEUVEL, GREEN BOX NA DETROIT, LLC

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

vs.

RONALD VAN DEN HEUVEL, GREEN BOX NA DETROIT, LLC

Filing Date:September 19, 2017

Case:UNITED STATES SECURITIES AND EXCHANGE COMMISSION, Vs. RONALD VAN DEN HEUVEL, GREEN BOX NA DETROIT, LLC

Jurisdiction:Federal District Court for the Western District of Wisconsin

Status:Pending

Civil / Criminal:Civil

Cause(s) of Action:

Breach of Contract

Description:

This case involves misrepresentations and the misappropriation of millions of dollars of investor funds by defendant Ronald Van Den Heuvel. He took advantage of investors who believed that they were investing in a new way to recycle post-consumer waste. Van Den Heuvel lured investors with promises that he would use their funds for an eco-friendly recycling process called the Green Box Process. He claimed that the Green Box Process would take food-contaminated waste and convert it into usable products, such as recycled paper. Van Den Heuvel represented that he would use investor funds to buy equipment, open a Green Box facility, and ultimately help to create a green solution for post-consumer waste. In reality, Van Den Heuvel misappropriated a substantial percentage of the funds contributed by investors. Instead of using investor funds to implement the Green Box Process, Case 1:17-cv-01261 Filed 09/19/17 Van Den Heuvel used a significant portion of their investments for improper purposes, such as a Cadillac Escalade, payments to his ex-wife, overdue taxes, Green Bay Packers tickets, and cash for himself.

Files
Sep
25
2017

Jury Trial Demanded

comp23938.pdf
Attorneys, Regional Centers and Firms
Simon H. AhnSteven C. SeegerGreen Detroit Regional Center

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