Thursday, 04 April 2013 09:56
Kander to announce 'major securities action'
ST. LOUIS (AP) - Missouri Secretary of State Jason Kander is preparing to announce what he calls a "major securities action" that involves millions of dollars.
Kander scheduled a news conference Thursday at the Old Post Office in St. Louis. His office says Kander will seek restitution, civil penalties and fees and costs, but no other details have been released.
The secretary of state's office is Missouri's chief overseer and enforcer of securities laws intended to protect investors from unfair practices and fraudulent schemes.
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.
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
Tuesday, 26 March 2013 10:42
Former CEO of Mamtek released from Missouri jail
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.
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
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