bruce cole

Crime
8:43 am
Fri April 18, 2014

Trial delayed for former sweetener plant CEO

The unfinished Mamtek plant in Moberly, Mo.
Credit Kristofor Husted / KBIA

The criminal trial of former Mamtek CEO Bruce Cole has been delayed until December by a St. Charles County judge presiding over the case.

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Business
5:00 pm
Tue December 3, 2013

MFA Oil approved to purchase Mamtek property in Moberly

Credit Kristofor Husted / KBIA

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. 

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.

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Crime
11:00 am
Thu August 8, 2013

District Judge says her husband - Rep. Chris Kelly - won't affect her Mamtek ruling

Keith Burtis Flickr

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.

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.

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.

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Politics
5:24 pm
Thu May 16, 2013

Koster wants to track ex-Mamtek CEO with GPS

Credit Brian Turner / Flickr

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

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5:17 pm
Fri April 26, 2013

Moberly Monitor-Index: City of Moberly dropped from Mamtek case

Lead in text: 
Earlier this week, KBIA told you the City of Moberly has paid at least $677,000 in court fees since the Mamtek sucralose factory failed in 2010, including at least $60,000 in fees so far in April. Today, the Moberly Monitor-Index is reporting the city and its development authority have both been dismissed from a case being brought against them by Mamtek bondholders.
The MMI has just been informed that the City of Moberly and the Industrial Development Authority for the City have been dismissed from the court litigation brought by certain Mamtek bondholders, by Judge Patricia S. Joyce.Joyce granted the City and IDA's Motion for Dismissal late Thursday,
Crime
5:06 pm
Tue March 26, 2013

Former CEO of Mamtek released from Mo. jail

Mamtek was supposed to set up shop at this site in Moberly.
Credit Kristofor Husted / KBIA

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.

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PM Newscasts
4:53 pm
Tue March 26, 2013

Newscast for March 26, 2013

Regional news coverage from the KBIA newsroom, including:

  • Missouri House rejects Democratic effort to expand Medicaid
  • Mamtek CEO makes bail
  • Rep. Hartzler and Mayor McDavid call for funding to keep airport tower open
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Business
5:51 pm
Thu January 17, 2013

Mamtek CEO waives preliminary hearing

Joe Gratz Flickr

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.

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Business
3:28 pm
Fri December 21, 2012

Mamtek investors to get small portion of money back

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.

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Business
8:13 am
Fri December 14, 2012

Judge denies Mamktek CEO lower bond

Flickr steakpinball

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.

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Crime
5:40 pm
Wed December 5, 2012

Cameras allowed in court for Mamtek case

Flickr steakpinball

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.

Business
5:20 pm
Wed October 24, 2012

Low interest in Mamtek leftovers at Mo. auction

Keith Burtis Flickr

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.

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Crime
11:16 am
Tue October 23, 2012

Former Mamtek CEO granted Missouri public defender

Joe Gratz Flickr

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.

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.

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Crime
7:56 am
Mon October 22, 2012

Former Mamtek CEO now jailed in Missouri

The former CEO of a proposed sweetener facility is in jail in Missouri after giving up his fight against being extradited from California.

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.

Business
5:52 pm
Wed October 3, 2012

Sweetener company CEO headed back to Missouri

Last month, Missouri Attorney General Chris Koster announced that Mamtek CEO Bruce Cole was arrested in California
Kristofor Husted KBIA

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.

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.

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.

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Mamtek
5:57 pm
Thu September 27, 2012

Former Mamtek CEO Fighting Extradition To Missouri

Orange County, California, Sheriff's Dept.

Originally published on Thu September 27, 2012 5:52 pm

The former CEO of Mamtek is fighting extradition to Missouri.

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 Governor of California asks the court to order it.  A spokeswoman for the Missouri Attorney General’s office says that request is being expedited.

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Politics
11:20 am
Tue September 18, 2012

UPDATE: Former CEO of Mamtek arrested, faces criminal charges

With the old Mamtek site in Moberly, Mo., as a backdrop, Attorney General Chris Koster announced that Mamtek CEO Bruce Cole was arrested this morning in California.
Kristofor Husted KBIA

UPDATE: 3:00 pm, Tuesday September 18:

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.

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.

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