Moberly, Mo., takes costly financial hit this month due to Mamtek

Jay Wallis — Thu, 25 Apr 2013 22:41:14 +0000

Moberly has taken close to a sixty thousand dollar hit this month because of Mamtek, the failed artificial sweetener plant.

Throughout April, the city has spent that sum in legal fees due to the Mamtek fiasco.

These legal costs include attorneys’ fees that Moberly is paying in their fight against Mamtek in court.

The spent funds will take away from money that could have gone toward other departments in the city, such as the police and fire departments. That’s according to City Director of Finance Greg Hodge.

Mamtek CEO waives preliminary hearing

Associated Press — Thu, 17 Jan 2013 23:51:31 +0000

The former CEO of a failed artificial sweetener facility in Moberly has waived his right to a preliminary hearing on charges of theft and securities fraud.