bruce cole http://kbia.org en Trial delayed for former sweetener plant CEO http://kbia.org/post/trial-delayed-former-sweetener-plant-ceo <p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px;">The criminal trial of former Mamtek CEO Bruce Cole has been delayed until December by a St. Charles County judge presiding over the case.</p><p> Fri, 18 Apr 2014 13:43:40 +0000 Associated Press 51542 at http://kbia.org Trial delayed for former sweetener plant CEO MFA Oil approved to purchase Mamtek property in Moberly http://kbia.org/post/mfa-oil-approved-purchase-mamtek-property-moberly <p>MFA Oil announced this afternoon it has been approved to purchase property in Moberly that would have housed the Mamtek facility. MFA officials could not comment on the sale price, but say a bankruptcy court has approved the sale of the 33 acre property.&nbsp;</p><p>Corey Mehaffy is the President of Moberly Area Economic Development. He said the city is looking forward to assisting MFA in preparing the facility for use after the previous trouble the city had with the space.</p> Tue, 03 Dec 2013 23:00:37 +0000 Lee Anne Denyer 44718 at http://kbia.org MFA Oil approved to purchase Mamtek property in Moberly District Judge says her husband - Rep. Chris Kelly - won't affect her Mamtek ruling http://kbia.org/post/district-judge-says-her-husband-rep-chris-kelly-wont-affect-her-mamtek-ruling <p>A federal judge in Missouri has refused to remove herself from a lawsuit involving a failed sweetener company whose leaders were aggressively questioned by the judge's lawmaker husband.</p><p>Attorneys for investment bank Morgan Keegan wanted U.S. District Judge Nanette Laughrey to step aside from a lawsuit filed by an Alabama investor in the failed plant in Moberly.</p><p>The Columbia Tribune reports John Cromeans is seeking restitution of $50,000 he spent on bonds issued by the Moberly Industrial Development Authority for Mamtek U.S. Inc. and marketed by Morgan Keegan. Thu, 08 Aug 2013 16:00:46 +0000 Associated Press 38498 at http://kbia.org District Judge says her husband - Rep. Chris Kelly - won't affect her Mamtek ruling Koster wants to track ex-Mamtek CEO with GPS http://kbia.org/post/koster-wants-track-ex-mamtek-ceo-gps <p><span style="line-height: 1.5;">Missouri prosecutors want a judge to let them keep closer tabs on the former head of a failed artificial sweetener plant in </span>Moberly<span style="line-height: 1.5;">.</span></p><p> Thu, 16 May 2013 22:24:57 +0000 Person: Associated Press 33892 at http://kbia.org Koster wants to track ex-Mamtek CEO with GPS Former CEO of Mamtek released from Mo. jail http://kbia.org/post/former-ceo-mamtek-released-mo-jail <p></p><p>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.</p><p>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.</p> Tue, 26 Mar 2013 22:06:26 +0000 Associated Press 31030 at http://kbia.org Former CEO of Mamtek released from Mo. jail Newscast for March 26, 2013 http://kbia.org/post/newscast-march-26-2013 <p></p><p>Regional news coverage from the KBIA newsroom, including:</p><ul><li>Missouri House rejects Democratic effort to expand Medicaid</li><li>Mamtek CEO makes bail</li><li>Rep. Hartzler and Mayor McDavid call for funding to keep airport tower open</li></ul> Tue, 26 Mar 2013 21:53:27 +0000 Kristofor Husted 31026 at http://kbia.org Mamtek CEO waives preliminary hearing http://kbia.org/post/mamtek-ceo-waives-preliminary-hearing <p>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. Thu, 17 Jan 2013 23:51:31 +0000 Associated Press 27456 at http://kbia.org Mamtek CEO waives preliminary hearing Mamtek investors to get small portion of money back http://kbia.org/post/mamtek-investors-get-small-portion-money-back <p>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. Fri, 21 Dec 2012 21:28:02 +0000 Associated Press 26292 at http://kbia.org Judge denies Mamktek CEO lower bond http://kbia.org/post/judge-denies-mamktek-ceo-lower-bond <p>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. Fri, 14 Dec 2012 14:13:42 +0000 Associated Press 25931 at http://kbia.org Judge denies Mamktek CEO lower bond Cameras allowed in court for Mamtek case http://kbia.org/post/cameras-allowed-court-mamtek-case <p>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.</p><p>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.</p> Wed, 05 Dec 2012 23:40:59 +0000 Associated Press 25506 at http://kbia.org Cameras allowed in court for Mamtek case Low interest in Mamtek leftovers at Mo. auction http://kbia.org/post/low-interest-mamtek-leftovers-mo-auction <p>An auction of assets left from a failed artificial sweetener factory in Moberly is drawing curious onlookers but few big buyers.<br><br>The auction of Mamtek U.S. property drew more than 20 prospective bidders Wednesday morning to a Moberly hotel ballroom, joined by online participants.<br><br>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.<br> Wed, 24 Oct 2012 22:20:20 +0000 Associated Press 23377 at http://kbia.org Low interest in Mamtek leftovers at Mo. auction Former Mamtek CEO granted Missouri public defender http://kbia.org/post/former-mamtek-ceo-granted-missouri-public-defender <p>The former CEO of a failed sweetener facility is back in Missouri to face charges that he spent public money intended for the planned Moberly factory for his personal use.</p><p>Ex-Mamtek U.S. Inc. head Bruce Cole faces fraud and stealing charges after plans to build the plant collapsed. Prosecutors say he used some of the money from a $39 million bond to avoid foreclosure on his Beverly Hills home.</p> Tue, 23 Oct 2012 16:16:24 +0000 Associated Press 23265 at http://kbia.org Former Mamtek CEO granted Missouri public defender Former Mamtek CEO now jailed in Missouri http://kbia.org/post/former-mamtek-ceo-now-jailed-missouri <p>The former CEO of a proposed sweetener facility is in jail in Missouri after giving up his fight against being extradited from California.</p><p>Ex-Mamtek U.S. Inc. head Bruce Cole faces fraud and stealing charges after plans to build a sweetener plant in Moberly collapsed. Prosecutors said he used some of the money from a $39 million bond to avoid foreclosure on his Beverly Hills home.</p> Mon, 22 Oct 2012 12:56:31 +0000 Associated Press 23195 at http://kbia.org Sweetener company CEO headed back to Missouri http://kbia.org/post/sweetener-company-ceo-headed-back-missouri <p>Missouri officials say the former head of an artificial sweetener company has agreed to return from California to face charges of theft and securities fraud stemming from a failed factory project.</p><p>Bruce Cole was chairman and CEO of Mamtek U.S. Inc., which received $39 million of industrial development bonds from the city of Moberly to build a sweetener plant.</p><p>Cole is charged in Missouri with using bond revenues to avoid foreclosure on his Beverley Hills home and misleading investors about his company's financial health.</p> Wed, 03 Oct 2012 22:52:27 +0000 Associated Press 22234 at http://kbia.org Sweetener company CEO headed back to Missouri Former Mamtek CEO Fighting Extradition To Missouri http://kbia.org/post/former-mamtek-ceo-fighting-extradition-missouri The former CEO of Mamtek is fighting extradition to Missouri.<p>At a court hearing today in Santa Ana, California, Bruce Cole refused to be extradited, which means that he can’t be sent back to Missouri unless the <a href="http://gov.ca.gov/home.php">Governor of California</a> asks the court to order it.&#160; A spokeswoman for the <a href="http://www.ago.mo.gov/">Missouri Attorney General’s office </a>says that request is being expedited.<p>Cole is charged with diverting $700,000 in bond money from the city of Moberly to pay for personal expenses, including a failed attempt to prevent foreclo Thu, 27 Sep 2012 22:57:51 +0000 Marshall Griffin 21924 at http://kbia.org Former Mamtek CEO Fighting Extradition To Missouri UPDATE: Former CEO of Mamtek arrested, faces criminal charges http://kbia.org/post/update-former-ceo-mamtek-arrested-faces-criminal-charges <p><em>UPDATE: 3:00 pm, Tuesday September 18: </em></p><p>Former Mamtek CEO Bruce Cole was arrested at his home in Dana Point, California on Tuesday after the Missouri Attorney General charged him with theft and fraud.</p><p>Missouri Attorney General Chris Koster told reporters that Bruce Cole -- the former CEO of the now defunct company Mamtek -- has been charged with stealing and four counts of securities fraud.</p> Tue, 18 Sep 2012 16:20:18 +0000 Kristofor Husted 21334 at http://kbia.org UPDATE: Former CEO of Mamtek arrested, faces criminal charges