Post by Logan on May 7, 2016 5:32:30 GMT -6
GREEN BAY - De Pere businessman Ron Van Den Heuvel, his wife Kelly Van Den Heuvel, and banker Paul Piikkila all pleaded not guilty to charges of bank fraud in federal court on Friday.
Federal prosecutors allege Piikkila, a Horicon Bank loan officer, used his position to fraudulently provide more than $1 million in loans to the Van Den Heuvels under the names of Ron Van Den Heuvel's employees and a former relative between Jan. 17, 2008, and Sept. 25, 2009. prosecutors portrayed the employees and relative as straw borrowers who did not receive the money and were not expected to repay it.
Horicon reported losing more than $700,000 as a result of the loans.
Eastern District of Wisconsin Judge William Griesbach ordered all three defendants to surrender their passports and scheduled trials to begin July 11.
Read more: www.greenbaypressgazette.com/story/news/crime/2016/05/06/ron-van-den-heuvel-de-pere-businessman-federal-fraud-charges/83669396/
Federal prosecutors allege Piikkila, a Horicon Bank loan officer, used his position to fraudulently provide more than $1 million in loans to the Van Den Heuvels under the names of Ron Van Den Heuvel's employees and a former relative between Jan. 17, 2008, and Sept. 25, 2009. prosecutors portrayed the employees and relative as straw borrowers who did not receive the money and were not expected to repay it.
Horicon reported losing more than $700,000 as a result of the loans.
Eastern District of Wisconsin Judge William Griesbach ordered all three defendants to surrender their passports and scheduled trials to begin July 11.
Read more: www.greenbaypressgazette.com/story/news/crime/2016/05/06/ron-van-den-heuvel-de-pere-businessman-federal-fraud-charges/83669396/