// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

JEFFERSON CITY, Mo. (AP) - Missouri prosecutors want a judge to let them keep closer tabs on the former head of a failed artificial sweetener plant in Moberly.

Attorney General Chris Koster's office said Thursday it has filed a motion in St. Charles County Circuit Court seeking to monitor ex-Mamtek CEO Bruce Cole with a wearable GPS device.

Cole is under house arrest in his home state of California awaiting a Missouri trial on felony fraud and forgery charges. His bond was reduced from $500,000 to $100,000 in March.

The Mamtek project was financed with $39 million in bonds issued by the city of Moberly's Industrial Development Authority. The project collapsed after Cole's company missed a bond payment in August 2011.

A hearing is scheduled Monday on a change of venue from Randolph County.

Published in Local News
Tuesday, 26 March 2013 14:15

Mamtek CEO released after posting bail

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.
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.
Published in Local News
JEFFERSON CITY, Mo. (AP) — A Missouri judge has granted reduced bail for the former head of the failed Moberly sweetener plant.

Bruce Cole will need to post $10,000 in cash or secure a $100,000 bond to be released from the Randolph County jail. If released, he could return to his California home and remain under house arrest.

Cole, 65, was being held on a $500,000 bond on claims he perpetrated a massive fraud by persuading Moberly to issue $39 million in bonds to fund an artificial sweetener facility that collapsed financially before construction finished.

Cole faces one theft charge and four counts of securities fraud related to the industrial development bonds issued by Moberly.

The judge granted another motion Friday to reveal what deals the state made with witnesses testifying against Cole.
Published in Local News

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next

Attorney says pot penalties being misapplied in Columbi…

COLUMBIA, Mo. (AP) - A Columbia lawyer says a local ordinance that treats marijuana possession as a municipal violation isn't being followed by Boone County sheriff's deputies patr...

Police arrest man for shooting into South St. Louis home

Police arrest man for shooting into South St. Louis hom…

A suspect is in custody after allegedly shooting into a South St. Louis home. Police were on the scene when they saw the suspect fire several shots into a home near the intersecti...

AP: Man driving van during fatal wreck had suspended license

AP: Man driving van during fatal wreck had suspended li…

ST. LOUIS (AP) - Public records show a New Jersey man behind the wheel of a van that overturned on an Illinois freeway, killing five passengers, had his driving privileges suspende...

Two carnival workers involved in fight

Two carnival workers involved in fight

TROY, Mo. (AP) - One carnival worker is badly injured and another in jail following an altercation in eastern Missouri. The St. Louis Post-Dispatch reports that 25-year-old Clint ...

Air force jet clips power lines in western Missouri

Air force jet clips power lines in western Missouri

WARRENSBURG, Mo. (AP) - A low-flying military jet from a western Missouri Air Force base clipped several power lines, but officials said no injuries were reported. The Springfield...

Illinois House committee approves conceal carry bill

Illinois House committee approves conceal carry bill

SPRINGFIELD, Ill. (AP) - Illinois legislation allowing public possession of concealed guns has passed the House Judiciary Committee. It was a compromise backed by Speaker Michael M...

Jaime Garcia expected to miss year after surgery

Jaime Garcia expected to miss year after surgery

SAN DIEGO (AP) — St. Louis Cardinals pitcher Jaime Garcia will have surgery on his left shoulder this week and is expected to miss the rest of the season. The Cardinals announced ...

Lyons looks sharp in MLB-debut

Lyons looks sharp in MLB-debut

SAN DIEGO (AP) — Tyler Lyons pitched seven solid innings in his major league debut on the same day St. Louis lost Jaime Garcia for the season, and the Cardinals beat the San Diego ...

© 2013 KTRS All Rights Reserved

St Louis Web Design