Ex-CEO of Mamtek fights extradition to Missouri

Friday, September 28, 2012 | 7:25 a.m. CDT; updated 10:13 a.m. CDT, Friday, September 28, 2012

MOBERLY — Former Mamtek U.S. Inc. CEO Bruce Cole remains jailed in California after refusing to be extradited to Missouri to face charges over a failed business planned for Moberly.

During a hearing Thursday in Orange County, Calif., Cole declined to be extradited to Missouri to face four counts of felony securities fraud and one felony count of stealing. California Gov. Jerry Brown must now ask the court to order extradition.

Cole is charged with stealing from bond funds borrowed by Moberly to build an artificial sweetener factory, which never opened. Prosecutors say he made false statements to promote his company and the bond sale.

The Columbia Daily Tribune reports Missouri Attorney General Chris Koster's office says the request to extradite Cole is being expedited. Cole's next court appearance is Wednesday.

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