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Former CEO of Mamtek released from Missouri jail

Tuesday, 26 March 2013 10:42 Published in Local News
MOBERLY, Mo. (AP) - The former CEO of a failed artificial sweetener facility has been released from a Missouri jail after posting $10,000 bail while awaiting trial on theft and fraud charges.

Officials at the Randolph County jail say Bruce Cole was released Monday. He faces one theft charge and four counts of securities fraud stemming from the financial collapse of a Mamtek U.S. facility in Moberly in 2011.

Moberly had issued $39 million in industrial development bonds to help finance the construction of the facility. Among other things, Cole is accused of diverting bond revenues to avoid foreclosure on a home in Beverly Hills, Calif.

He had been held on $500,000 bond until a judge reduced the amount last week.
INDIANAPOLIS (AP) - The Indiana Supreme Court has upheld the nation's broadest school voucher program, clearing the way for its expansion.

Critics had argued that the program primarily benefited religious institutions that run private schools.

But the program's supporters say parents can send their children to any school they want, whether it's public or private, religious or not, and the Supreme Court agreed with that Tuesday. In a 5-0 decision, the justices said the program does not violate the state constitution.

The Indiana case has been closely watched because its voucher program is open to middle-class families, while most state voucher programs are limited to low-income families or those in failing schools. More than 500,000 Indiana students qualify for vouchers.

Also, lawmakers have introduced a bill to expand the program to kindergarten.
A 7.4 magnitude quake has shaken Mexico City. Frightened workers rode out the quake. One worker said they didn't know whether to hit the floor or run outside.

The epicenter was 115 miles outside of the resort town of Acupulco, between Oaxaca where thousands of American travelers are in Mexico for spring break, including President Obama's oldest daughter, Malia, who is reportedly safe.

Several bridges have collapsed. One truck was crushed but no reports of death. Many captured the frightening moment on video.

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