Announcements

Job offersmore »





Tweeting Growers

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »




US (SD): Global Aquaponics leaders indicted

Global Aquaponics executives Tobias Ritesman and Timothy Burns have each been indicted by a federal grand jury on 18 counts of mail and wire fraud.

If convicted, each count is punishable by up to 20 years in prison.

Federal prosecutors say Ritesman and Burns misled potential investors about the viability of Global Aquaponics. An indictment says investors were told that a nearly $11 million high-tech farm would be built in Brookings to grow fish and shrimp. The water from the fish tanks would be used to grow vegetables.

Global Aquaponics held a groundbreaking for the project in June 2016 on land it didn’t yet own. Lobbyist and former state legislator Dean Krogman later stepped in and traded a twin home he owned for the land and transferred it to Global Aquaponics for $1.

Local investors purchased ownership units of the project for $25,000 apiece, but nothing ever happened at the farm site, and investors weren’t getting answers to their questions. Investors had been told the farm would be operational by spring 2017.

Read more at The Brookings Register

Publication date: 1/15/2018

 


 

Other news in this sector:

5/25/2018 “We don’t follow the habits of the sector”
5/25/2018 "Growing strawberries sustainably and with a high productivity is not within everyone's reach"
5/25/2018 Spain: Report accuses major veg producer of severe environmental damage
5/24/2018 US (LA): Produce growers tour Tangipahoa Parish farms
5/22/2018 New Zealand: Bumper crop of winners from Young Vegetable Grower
5/22/2018 Australia: Sundrop Farms looking for investors
5/21/2018 US (TX): Urban farm uses hydroponic systems to teach, feed Dallas
5/21/2018 US (CA): European vegetable takes root in Solano County
5/21/2018 US (MI): Nature meets technology at urban growers
5/21/2018 From tarantulas to turtles
5/18/2018 “Combining greenhouse veggies with other regional wares”
5/18/2018 US (WY): Pastor and hydroponic lettuce grower preaches local
5/17/2018 US (WV): Federal funding to support agriculture program for veterans
5/17/2018 NL: Tomato grower cuts free from fossil fuels
5/17/2018 'Combining outdoor and greenhouse cultivation at two locations’
5/17/2018 US (OR): Volcano Veggies packs 2 acres of food into 200 square feet
5/16/2018 British family producing some record-breaking vegetables
5/15/2018 CAN (BC): Yellowpoint grower does big business in microgreens
5/15/2018 US (WI): Hydroponic greenhouses give grower fast start in wet spring
5/15/2018 US (WI): Farmers take Mother Nature out of the equation