Bruce Cole

Mamtek
5:36 pm
Tue September 2, 2014

Former Mamtek CEO Bruce Cole Pleads Guilty Of Security Fraud And Theft

Mugshot of former Mamtek CEO Bruce Cole
Credit Orange Co., Calif.

The former CEO of a company that announced it would open an artificial sweetener plant in a small north Missouri town, but never did, has pleaded guilty to three felony counts connected to the scandal.

In 2010, Mamtek CEO Bruce Cole persuaded city leaders in Moberly to issue $39 million in bonds to build the plant, which was to employ 600 people. Shortly afterward, the state's Economic Development Department kicked in $17 million in tax credits for the project -- however, those credits were never used.

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Mamtek investigation
4:28 pm
Wed October 3, 2012

Former Mamtek CEO To Be Extradited To Missouri

Bruce Cole.
(Orange County, California, Sheriff's Dept.)

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.

After refusing last week to be extradited, Cole reversed course at a hearing today in Orange County, California, and waived extradition.  He is charged with diverting $700,000 in bond money to cover personal expenses.  That included around $250,000, which was directed towards a failed attempt to prevent foreclosure on his home in Beverly Hills.

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Mamtek investigation
5:23 pm
Thu September 27, 2012

Former Mamtek CEO Fighting Extradition To Missouri

Former Mamtek CEO Bruce Cole.
(Orange County, California, Sheriff's Dept.)

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.

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