Moberly http://news.stlpublicradio.org en Former Mamtek CEO To Be Extradited To Missouri http://news.stlpublicradio.org/post/former-mamtek-ceo-be-extradited-missouri <p>Former Mamtek CEO Bruce Cole has ended his fight to be extradited to Missouri, where he faces charges related to the collapse of a project to build an artificial sweetener plant in the town of Moberly.</p><p>After refusing last week to be extradited, Cole reversed course at a hearing today in Orange County, California, and waived extradition.&nbsp; He is charged with diverting $700,000 in bond money to cover personal expenses.&nbsp; That included around $250,000, which was directed towards a failed attempt to prevent foreclosure on his home in Beverly Hills.</p> Wed, 03 Oct 2012 21:28:33 +0000 Marshall Griffin 4993 at http://news.stlpublicradio.org Former Mamtek CEO To Be Extradited To Missouri Former Mamtek CEO Fighting Extradition To Missouri http://news.stlpublicradio.org/post/former-mamtek-ceo-fighting-extradition-missouri <p>The former CEO of Mamtek is fighting extradition to Missouri.</p><p>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 <a href="http://gov.ca.gov/home.php">Governor of California</a> asks the court to order it.&nbsp; A spokeswoman for the <a href="http://www.ago.mo.gov/">Missouri Attorney General’s office </a>says that request is being expedited.</p> Thu, 27 Sep 2012 22:23:07 +0000 Marshall Griffin 4732 at http://news.stlpublicradio.org Former Mamtek CEO Fighting Extradition To Missouri New Audit Faults Screening Used For Mamtek Incentives http://news.stlpublicradio.org/post/new-audit-faults-screening-used-mamtek-incentives <P>A <A href="http://www.auditor.mo.gov/AuditReports/CitzSummary.aspx?id=127">state audit released today</A> says that the <A href="http://ded.mo.gov/home.aspx">Missouri Department of Economic Development (DED)</A>&nbsp;could have done a better job of screening applicants for tax credits for the failed Mamtek project in Moberly.</P> <P>Two years ago the small northeast Missouri town issued $39 million in bonds to get the company to build an artificial sweetener plant.&nbsp; <A href="http://news.stlpublicradio.org/post/mo-senators-plan-investigate-mamtek-project">Mamtek later missed a bond payment </A>and construction halted, and Moberly’s bond rating was downgraded as a result.&nbsp;<A href="http://www.auditor.mo.gov/Index.aspx"> State Auditor Tom Schweich </A>(R) said the due diligence procedures used by the DED were woefully inadequate. Tue, 25 Sep 2012 16:30:56 +0000 Marshall Griffin 4694 at http://news.stlpublicradio.org New Audit Faults Screening Used For Mamtek Incentives Assets from Mamtek Mo. sweetener plant to be auctioned http://news.stlpublicradio.org/post/assets-mamtek-mo-sweetener-plant-be-auctioned <p>UMB Bank says assets from a failed artificial sweetener facility in Moberly will be auctioned this fall.</p><p>The bank is the bondholder trustee for the central Missouri project that was to be operated by Mamtek U.S. Inc.</p><p>Moberly issued $39 million in bonds to finance construction of the plant, and the state offered about $17 million in incentives. Work stopped last fall on the partially built factory after Mamtek missed a bond payment to Moberly. No state incentives were paid.</p> Fri, 27 Jul 2012 19:09:45 +0000 The Associated Press 4198 at http://news.stlpublicradio.org Assets from Mamtek Mo. sweetener plant to be auctioned Mo. jobs chief defends review of sweetener maker http://news.stlpublicradio.org/post/mo-jobs-chief-defends-review-sweetener-maker <p>The&nbsp;<a href="http://ded.mo.gov/">Missouri Department of Economic Development </a>is defending its role in the Mamtek controversy, in which the town of Moberly issued $39 million in bonds to build an artificial sweetener plant which never opened.</p><p><a href="http://ded.mo.gov/Ded/Director.aspx">DED Director David Kerr</a> told the <a href="http://house.mo.gov/committeeIndividual.aspx?com=543&amp;year=2011">House&nbsp;Interim&nbsp;Committee&nbsp;on Government&nbsp;Oversight and Accountability&nbsp;</a>that his agency carefully reviewed Los Angeles-based&nbsp;Mamtek&rsquo;s request for state incentives, which were not issued &ndash; but he also said that it&rsquo;s not DED&rsquo;s role to double-check every claim made by every company seeking tax credits. Wed, 30 Nov 2011 17:12:49 +0000 Marshall Griffin 2575 at http://news.stlpublicradio.org Mo. jobs chief defends review of sweetener maker Mo. House committee begins Mamtek hearings http://news.stlpublicradio.org/post/mo-house-committee-begins-mamtek-hearings <p>Two days of hearings are underway at the Missouri Capitol to explore why an artificial sweetener facility in Moberly never opened and why the small town&rsquo;s bond rating took a hit.</p><p>The <a href="http://house.mo.gov/committeeIndividual.aspx?com=543&amp;year=2011">House Interim Committee on Government Oversight and Accountability</a> is focusing on conflicting documents over the trustworthiness of the company Mamtek. Corey Mehaffy heads the<a href="http://moberly-edc.com/"> Moberly Area Economic Development Corporation</a>. He testified that the state<a href="http://ded.mo.gov/"> Department of Economic Development </a>never shared emails with the city revealing that&nbsp;a DED official could not verify whether Mamtek had a functioning plant in China. Tue, 29 Nov 2011 23:41:24 +0000 Marshall Griffin 2570 at http://news.stlpublicradio.org Mo. House committee begins Mamtek hearings UMB Bank files lawsuit against Mamtek over Mo. plant http://news.stlpublicradio.org/post/umb-bank-files-lawsuit-against-mamtek-over-mo-plant <p>A lawsuit has been filed in federal court against the company responsible for <a href="http://news.stlpublicradio.org/post/mo-senators-plan-investigate-mamtek-project">a failed artificial sweetener factory </a>in Moberly.</p><p>Mamtek U.S. Inc. planned to employ several hundred people at the central Missouri plant, and Moberly issued $39 million in bonds to pay for the project.</p><p>But Mamtek missed a bond payment and the plant still is under construction. Moberly has said it does not plan to pay off remaining bonds.</p> Mon, 07 Nov 2011 17:56:49 +0000 The Associated Press 2419 at http://news.stlpublicradio.org UMB Bank files lawsuit against Mamtek over Mo. plant Morning headlines: Tuesday, November 1, 2011 http://news.stlpublicradio.org/post/morning-headlines-tuesday-november-1-2011 <p><strong>County confirms salad bars at Schnucks focus of E. coli investigation</strong></p><p>St. Louis County officials have acknowledged that salad bars at Schnucks are the main focus of an investigation into an E. coli outbreak.</p> Tue, 01 Nov 2011 14:19:34 +0000 Rachel Lippmann & The Associated Press 2377 at http://news.stlpublicradio.org Morning headlines: Tuesday, November 1, 2011 Attorney General to investigate Chinese project in mid-Missouri http://news.stlpublicradio.org/post/attorney-general-investigate-chinese-project-mid-missouri <p>The growing chorus of voices complaining about the fate of a half-built plant in Moberly, Missouri, is getting louder.</p><p>Today, Missouri&#39;s Attorney General&nbsp;chimed in, saying that his office would investigate whether the Mamtek USA project violated any state civil or criminal laws.</p> Fri, 23 Sep 2011 18:49:32 +0000 Bill Raack & The Associated Press 2111 at http://news.stlpublicradio.org Attorney General to investigate Chinese project in mid-Missouri