Green Box NA Detroit, LLC and Ronald Van Den Heuvel – Goodman & Nekvasil P.A. May Recover Investor Losses
Securities and Exchange Commission Charges Green Box NA Detroit, LLC and Ronald Van Den Heuvel
The Securities and Exchange Commission has charged a Wisconsin businessman with stealing millions of dollars of investor funds which he used to purchase a Cadillac Escalade and Green Bay Packers tickets, among other improper uses.
The SEC’s complaint alleges that De Pere, Wis.-resident Ronald Van Den Heuvel lured investors with promises that he would use their funds for an eco-friendly recycling process called the “Green Box Process.” According to the complaint, Van Den Heuvel told investors that he would use their funds to buy equipment, open a Green Box facility, and create a “green” solution for post-consumer waste. Van Den Heuvel allegedly raised nearly $7.6 million from at least 10 investors, including several who were participants in the U.S. government’s EB-5 immigrant investor program.
Instead of using the investors’ funds for the Green Box Process, the SEC alleges that Van Den Heuvel used over $3.9 million in investor funds to make unauthorized personal purchases and pay unrelated business expenses. Aside from allegedly using investor funds to buy a Cadillac Escalade and Green Bay Packers tickets, he also used investor funds to pay overdue taxes to the State of Wisconsin and the IRS, to pay his ex-wife and mother-in-law, and to pay an outstanding judgment. Van Den Heuvel also allegedly lied about the Green Box Process in order to attract funds from investors, including by telling investors that tax-exempt bonds would provide approximately $95 million to $125 million in financing when he knew that the State of Michigan had all but denied the bond application.
Investors in Green Box NA Detroit, LLC May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Green Box NA Detroit, LLC, Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has recovered more than $180 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses in Green Box NA Detroit, LLC, and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.