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Former Reditus Labs CEO Aaron Rossi is set to remain in custody until a December trial where he faces federal charges of mail fraud and tax fraud.
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Former Reditus CEO Aaron Rossi appeared in federal court Friday morning, after officials allege he once again violated the terms of his release.
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The court-appointed receiver hired to oversee Reditus Labs is asking for a judge’s permission to sue former CEO Aaron Rossi and other company insiders, hoping to claw back over $100 million in allegedly misappropriated funds.
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Six weeks before he was indicted on federal tax-fraud charges, former Reditus CEO Aaron Rossi pledged a $3 million donation to Illinois State University Athletics to help build its new Indoor Practice Facility, WGLT has learned.
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Newly unsealed documents in the Reditus lawsuits point to a federal investigation that’s still very much active – and that former CEO Aaron Rossi’s business partners accuse him of stealing or squandering over $100 million in company money as profits soared during the pandemic.
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Former Reditus Labs CEO Aaron Rossi faces new legal jeopardy Thursday as he returns to federal court, with prosecutors alleging he broke the terms of his bond by doing meth and violated an order by using confidential documents from his criminal case in a civil lawsuit.
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A Tazewell County judge moved Tuesday to bring more of the civil litigation involving Reditus Labs into public view, unsealing more records that may shed light on the unraveling of a company that won hundreds of millions of dollars in state COVID-19 testing contracts.
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Former Reditus Labs CEO Aaron Rossi invoked his Fifth Amendment against self-incrimination 10 times in a row on Tuesday to avoid answering questions in a long-running civil dispute.
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A Tazewell County judge says a lawsuit against former Reditus Labs executive Aaron Rossi will move forward, despite a reported federal investigation into the firm's business practices.
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One hundred and twenty Reditus Laboratories employees are losing their jobs.