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Missouri officials say the former head of an artificial sweetener company has agreed to return from California to face charges of theft and securities…
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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. Cole is charged with diverting $700,000 in bond money from the city of Moberly to pay for personal expenses, including a failed attempt to prevent foreclosure on his home in Beverly Hills. Moberly issued $39 million in bonds to fund construction of an artificial sweetener plant, but work halted after Mamtek missed a bond payment and the town’s bond rating was later downgraded. Follow Marshall Griffin on Twitter: @MarshallGReport
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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…
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The State Senate is considering legislation aiming to prevent economic disasters like Mamtek’s failed factory project in Moberly. The Missouri House…
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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…
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Regional news coverage from the KBIA News room, including:House legislators examine new death penalty rules in MissouriThe controversy surrounding failed…
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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…
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A Republican state Representative from southwest Missouri has introduced legislation he says will help prevent another Mamtek from happening in the…
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Watch the show and join the conversation on the Intersection website.A new Mamtek artificial sweetener factory in Moberly promised a win-win all around:…
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Governor Jay Nixon says his administration wisely handled the vetting of a Los Angeles-based company that began building an artificial sweetener plant in…