Businessman charged with defrauding state to plead guilty

MADISON, Wis. (AP) — A De Pere businessman who claimed to have a process that could turn fast-food wrappers into fuel and paper products has agreed to plead guilty to one county of wire fraud after facing allegations that he defrauded the state’s economic-development agency and other investors out of more than $9 million.

The deal is part of a plea agreement Ronald H. Van Den Heuvel reached with federal prosecutors in Green Bay, the Wisconsin State Journal reported Wednesday. The case drew criticism from Democrats over the management of the state’s economic-development agency, which had written off a $1.1 million loan to Van Den Heuvel....

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Ken Notes: Just a quick note. If we offered tax credits on jobs created, we could allow the banks to provide the upfront funds and then we would NEVER have to write off or claw back anything EVER...



- - Volume: 6 - WEEK: 41 Date: 10/11/2018 10:08:24 AM -