@GovWalker's WEDC once again fails Wisconsin taxpayers. Walker uses WEDC like his private piggybank

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WEDC writes off $1.1 million loan to convicted De Pere businessman

MATTHEW DeFOUR mdefour@madison.com 1 hr ago

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WEDC writes off $1.1 million loan to jailed De Pere businessman
https://host.madison.com/wsj/news/local/govt-and-politics/wedc-writes-off-million-loan-to-convicted-de-pere-businessman/article_a581ca46-0907-5254-8dce-70e3aecf7360.html

Ron Van Den Heuvel faces charges for allegedly defrauding WEDC and other investors.


The Wisconsin Economic Development Corp. has written off a $1.1 million loan to a jailed De Pere businessman who was convicted last year of bank fraud and faces additional charges for allegedly defrauding the state's job-creation agency.

Last week a federal judge ordered Green Box NA Green Bay owner Ron Van Den Heuvel be sent to jail after a federal prosecutor presented evidence that he was continuing to defraud investors and live a lavish lifestyle, even while failing to repay creditors and requesting the assistance of a public defender. In the filing, U.S. Attorney Matthew Krueger called Van Den Heuvel "a persistent, unrepentant fraudster."

Van Den Heuvel was sentenced on Jan. 5 to three years of prison and ordered to pay $316,445.47 for defrauding Horicon Bank of more than $700,000 starting in 2008. He is appealing that case.

He was allowed to remain out of prison while he faces 14 separate federal counts for allegedly defrauding WEDC and other investors of more than $9 million. A trial in that case is scheduled to begin Nov. 13.................................