moberly

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.

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.

gavel
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.

Randolph County considers new 'use tax'

Nov 2, 2012
moberly
KBIA

New use tax measures will be on the ballot in Randolph County and for the city of Moberly on November sixth. 

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.

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.

Moberly airport rennovations completed

Jun 12, 2012

New renovations to the Moberly’s Omar Bradley Airport are complete and will be revealed to the community tonight.

Angela Case / Project 573

The mental health care system is faced with diminishing resources, making it harder for people with psychiatric illnesses to find help. From police officers to school counselors, people outside of the system are working to fill the gaps. Project 573’s Angela Case explains how community hospitals are dealing with the problem, and takes you inside two units that provide this much-needed care.

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.

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.

    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.

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