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.

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.

File / KBIA

The State Senate is considering legislation aiming to prevent economic disasters like Mamtek’s failed factory project in Moberly.

Columbia-based Shelter Insurance has sued a bond underwriter for $390 million over municipal bonds issued by the city of Moberly for the failed Mamtek USA sweetener plant project.

Newscast for March 22, 2012

Mar 22, 2012

Regional news coverage from the KBIA News room, including:

  • House legislators examine new death penalty rules in Missouri
  • The controversy surrounding failed development of sweetener factory Mamtek in Moberly continues.
  • Senate leaders endorse bill making disturbances of religious worship a crime.
Rebecca Wolfson / KBIA

A patent attorney who vouched for a Chinese artificial sweetener factory has testified that he became aware of concerns about the Chinese site before a deal closed to finance the construction of a similar plant in Moberly.

Los Angeles attorney Michael Wise testified yesterday by video conference after being subpoenaed by a special Missouri House committee investigating the failure of Mamtek U.S. Incorporated, which had been offered state and local incentives to open a factory in Moberly.

Rebecca Wolfson / KBIA News

A Republican state Representative from southwest Missouri has introduced legislation he says will help prevent another Mamtek from happening in the state.

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

jay nixon
File Photo / KBIA

Governor Jay Nixon says his administration wisely handled the vetting of a Los Angeles-based company that began building an artificial sweetener plant in Moberly, then pulled out after missing its bond payment to the small northeast Missouri town.

Missouri’s Economic Development department is defending its role in the controversy surrounding a failed artificial sweetener plant in the small town of Moberly.

Growing organic is the way to go

Nov 30, 2011

KBIA's Ryan Famuliner talks with Columbia Daily Tribune reporter Rudi Keller about the latest in the Mamtek hearing.  Plus, talk about a cash crop.  A recent study suggests organic crops could bring in more money per acre.

Regional news coverage from the KBIA Newsroom, including:

  • Blunt announces agricultural research to stay funded
  • MU receives $3 million grant from the National Science Foundation
  • Moberly is explaining how it got on the hook for $39 million in bonds for a failed proposal for an artificial-sweetener factory

    The City of Moberly is explaining how it got on the hook for $39 million in bonds for a failed proposal for an artificial-sweetener factory.

    We’ll see how the next couple weeks are vital for the European Union, and how this will affect Mid-Missouri. Plus, we’ll dig a little deeper into the ongoing story about Mamtek and how this affects other cities in Missouri.

    Hosted by Nick Adams.

    This week: Yogurt businesses are booming in Columbia, but is it because of a preconceived notion? Mamtek International, based in Moberly, was suppose to bring 600 more jobs to the city but is now having financial difficulty.  And Monday’s City Council meeting left Columbians unhappy with a new price increase.

    Hosted by Nick Adams.