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.
Regional news coverage from the KBIA newsroom, including:
Missouri Attorney General Chris Koster is touting an endorsement from the National Rifle Association.
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.
Originally published on Thu August 30, 2012 6:55 pm
There will be no challenge to the new language inserted onto a ballot initiative by a Cole County judge regarding health insurance exchanges.
The version initially approved by Secretary of State Robin Carnahan (D) had asked if state law should, “deny individuals, families and small businesses the ability to access affordable health care,” unless the people or the legislature created an exchange. In a statement, Carnahan says Attorney General Chris Koster (D) refused to file an appeal on her office’s behalf. Lt. Governor Peter Kinder (R) filed suit against Carnahan over that language. He applauded the Democratic Attorney General’s move.
Missouri Attorney General Chris Koster apparently has decided not to appeal a judge's decision rewriting the summary that voters will see for a ballot measure on health insurance exchanges.
Late personal property tax payments have emerged in another Missouri political campaign.
The Missouri attorney general's office is investigating reports that water well drillers may have been taking advantage of landowners hit hard by drought.
The latest scam designed to separate Missouri residents from their money involves phony letters from the State Attorney General’s office, the IRS and other government agencies.
The Missouri attorney general's office has deposited the state government's $38 million share of a national mortgage settlement.