Tagged: moberly

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.

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.

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

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.

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.