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.

Read more
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.

Read more
11:36 am
Fri November 2, 2012

Randolph County considers new 'use tax'

A business in Moberly, MO

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

Read more
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.

Read more
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.

Read more
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.

Read more
5:55 pm
Tue June 12, 2012

Moberly airport rennovations completed

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

Read more
Under the Microscope
2:16 pm
Thu May 17, 2012

Mid-Missouri hospitals work to provide psychiatric care

Emer­gency room nurse Chuck John­son enters pa­tient in­form­a­tion in­to a com­puter while eat­ing lunch in a nurses sta­tion at Callaway Com­munity Hos­pit­al.
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.

Read more
9:21 am
Mon April 30, 2012

State Senate considers bill requiring deeper business background checks

A bill currently before the Mo. Senate would require deeper background checks of businesses looking to set up shop in the Show-Me State.

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

Read more
9:25 am
Thu March 22, 2012

Lawsuit filed over Mamtek controversy

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.

Read more
AM Newscasts
9:19 am
Thu March 22, 2012

Newscast for March 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.
10:40 am
Fri January 20, 2012

Insider testifies on Mamtek, cites concerns before the deal was closed

Governor Jay Nixon announcing the Mamtek plas in 2012
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.

Read more
5:10 pm
Wed December 28, 2011

Legislation aims to prevent another Mamtek fiasco

Governor Nixon was part of the ceremony announcing Mamtek's plans in July 2010.
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.

Read more
4:00 pm
Mon December 12, 2011

The Mamtek deal and its aftermath

Guests discussed the implications of Mamtek's failure.

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

Read more
5:51 pm
Fri December 2, 2011

Gov. Nixon defends handling of Mamtek deal

Governor J. 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.

Read more
PM Newscasts
6:54 pm
Tue November 29, 2011

Newscast for November 29, 2011

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
    6:06 pm
    Tue November 29, 2011

    Moberly and Mamtek hearings begin

    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.

    Read more
    6:01 pm
    Wed September 21, 2011

    Business Beat: September 21, 2011

    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.

    Read more