Back to: Investigates
December 15, 2017 11:34 AM

Ritesman Enterprises Sign Comes Down From Downtown Building

Sioux Falls

The large sign on the First Bank & Trust building on Minnesota Avenue for Ritesman Enterprises came down Friday.  

In October, Ritesman moved out of his luxury downtown Sioux Falls offices. Global Aquaponics leader Tobias Ritesman blamed a "media circus" for not being able to raise funds for its proposed fish and vegetable hydroponic farm south of Brookings.

KELOLAND Investigates first reported the story of broken promises and outright lies made by company leaders about their backgrounds and the facility itself. Our year-long investigation showed that despite the fact that Ritesman said millions had been raised for the project, construction was never started. 

Souces tell KELOLAND News they've also been interviewed by the FBI about Global Aquaponics business dealings. 

This week, a former Global Aquaponics employee who solicited investments for the project was awarded a $400,000 judgment against Tobias Ritesman after Greg Selberg says he wasn't paid what he was promised. 
© 2017 KELOLAND TV. All Rights Reserved.
  • Investigates


We Welcome discussion on KELOLAND News stories but will delete any comments that contain swearing or make threats against others.


Click here for full weather details!