Post by Logan on Mar 7, 2016 4:23:22 GMT -6
GRAND RAPIDS — The president of a western Michigan investment company has agreed to plead guilty to stealing about $16 million from Elsa Prince-Broekhuizen, a prominent western Michigan philanthropist.
The widow of billionaire industrialist Edgar D. Prince and mother of former Michigan GOP chair Betsy DeVos was swindled over the span of 16 years, according to the six-page felony information filed in U.S. District Court in Grand Rapids
The plea agreement filed Friday says 68-year-old Robert Haveman admitted to wire fraud and money laundering. He admits in the plea agreement to causing $16.2 million in losses to Prince-Broekhuizen’s trust.
The money was siphoned from Prince-Broekhuizen and the Elsa S. Prince Living Trust, according to court documents.
Read more: www.lansingstatejournal.com/story/news/local/michigan/2016/03/05/michigan-heiress-swindled-out-16-million/81366582/
The widow of billionaire industrialist Edgar D. Prince and mother of former Michigan GOP chair Betsy DeVos was swindled over the span of 16 years, according to the six-page felony information filed in U.S. District Court in Grand Rapids
The plea agreement filed Friday says 68-year-old Robert Haveman admitted to wire fraud and money laundering. He admits in the plea agreement to causing $16.2 million in losses to Prince-Broekhuizen’s trust.
The money was siphoned from Prince-Broekhuizen and the Elsa S. Prince Living Trust, according to court documents.
Read more: www.lansingstatejournal.com/story/news/local/michigan/2016/03/05/michigan-heiress-swindled-out-16-million/81366582/