mamtek

Koster wants to track ex-Mamtek CEO with GPS

Person: Associated Press — Thu, 16 May 2013 22:24:57 +0000

Missouri prosecutors want a judge to let them keep closer tabs on the former head of a failed artificial sweetener plant in Moberly.

Moberly, Mo., takes costly financial hit this month due to Mamtek

Jay Wallis — Thu, 25 Apr 2013 22:41:14 +0000

Moberly has taken close to a sixty thousand dollar hit this month because of Mamtek, the failed artificial sweetener plant.

Throughout April, the city has spent that sum in legal fees due to the Mamtek fiasco.

These legal costs include attorneys’ fees that Moberly is paying in their fight against Mamtek in court.

The spent funds will take away from money that could have gone toward other departments in the city, such as the police and fire departments. That’s according to City Director of Finance Greg Hodge.

Kander announces legal action over Mamtek failure

Adam Allington — Fri, 05 Apr 2013 13:07:31 +0000

Missouri Secretary of State Jason Kander is taking action against a financial management company connected to the failed Mamtek artificial sweetener plant in mid-Missouri.

In his role as Secretary of State Jason Kander also serves as Missouri’s chief securities regulator.

He’s accusing Morgan Keegan, a Memphis-based firm of helping defraud Missourians based on a list of falsehoods, including the claim the Mamtek held several production patents.

Former CEO of Mamtek released from Mo. jail

Associated Press — Tue, 26 Mar 2013 22:06:26 +0000

The former CEO of a failed artificial sweetener facility has been released from a Missouri jail after posting $10,000 bail while awaiting trial on theft and fraud charges.

Officials at the Randolph County jail say Bruce Cole was released Monday. He faces one theft charge and four counts of securities fraud stemming from the financial collapse of a Mamtek U.S. facility in Moberly in 2011.

Mamtek CEO waives preliminary hearing

Associated Press — Thu, 17 Jan 2013 23:51:31 +0000

The former CEO of a failed artificial sweetener facility in Moberly has waived his right to a preliminary hearing on charges of theft and securities fraud.

Year in review: a look back at the news from 2012

Rehman Tungekar — Mon, 31 Dec 2012 23:32:17 +0000

Watch the show and join the conversation on the Intersection website.

Mamtek investors to get small portion of money back

Associated Press — Fri, 21 Dec 2012 21:28:02 +0000

A bank says that most investors in the failed Mamtek factory project in Moberly will soon begin receiving small payments from a recent auction of the company’s equipment.

Judge denies Mamktek CEO lower bond

Associated Press — Fri, 14 Dec 2012 14:13:42 +0000

A Randolph County judge has refused to lower the $500,000 cash bond for the former CEO of a failed factory project in Moberly who is facing felony fraud charges.

Cameras allowed in court for Mamtek case

Associated Press — Wed, 05 Dec 2012 23:40:59 +0000

A central Missouri judge will allow media to have cameras, audio and video recording during court appearances by the former head of an artificial sweetener company now facing charges of theft and securities fraud.

Bruce Cole was chairman and CEO of Mamtek U.S. Inc., which received $39 million in industrial development bonds from the city of Moberly to build a sweetener plant. Construction stalled after a bond payment was missed. Authorities accuse Cole of using bond revenues for personal purposes and misleading investors.

Low interest in Mamtek leftovers at Mo. auction

Associated Press — Wed, 24 Oct 2012 22:20:20 +0000

An auction of assets left from a failed artificial sweetener factory in Moberly is drawing curious onlookers but few big buyers.

The auction of Mamtek U.S. property drew more than 20 prospective bidders Wednesday morning to a Moberly hotel ballroom, joined by online participants.

Buyers sought deals on individual pieces of equipment owned by Mamtek, but no one submitted a bid for the company's real estate or its intellectual property.