Former Mamtek CEO now jailed in Missouri
Monday, October 22, 2012 | 7:35 a.m. CDT;
updated 10:32 a.m. CDT, Monday, October 22, 2012
MOBERLY — The former CEO of a proposed sweetener facility is in jail in Missouri after giving up his fight against being extradited from California.
Ex-Mamtek U.S. Inc. head Bruce Cole faces fraud and stealing charges after plans to build a sweetener plant in Moberly collapsed. Prosecutors say he used some of the money from a $39 million bond to avoid foreclosure on his Beverly Hills home.
The Columbia Daily Tribune reported that Cole arrived at the Randolph County Jail in Moberly Saturday. He is being held on $500,000 bond as he awaits trial on one felony count of stealing and four counts of securities fraud.
Construction on the Moberly plant stopped when a bond payment was missed last year.
Like what you see here? Become a member.
Report corrections or additions here. Leave comments below here.
You must be logged in to participate in the Show Me the Errors contest.
Leave a comment
Speak up and join the conversation! Make sure to follow the guidelines
outlined below and register with our site.
You must be logged in to comment. (Our
full comment policy is here.)
- Don't use obscene, profane or vulgar language.
- Don't use language that makes personal attacks on fellow commenters or
discriminates based on race, religion, gender or ethnicity.
- Use your real first and last name when registering on the website. It will
be published with every comment.
(Read why we ask for that here.)
- Don’t solicit or promote businesses.
We are not able to monitor every comment that comes through. If you see
something objectionable, please click the "Report comment" link.
You must be logged in to comment.