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Keyword: mamtek

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  • CEO of Mamtek charged with theft, fraud in Moberly, Mo., case

    09/18/2012 4:17:23 PM PDT · by Uncle Chip · 6 replies
    St Louis Post Dispatch ^ | September 18, 2012 | AP
    MOBERLY, Mo. • The CEO of a failed artificial sweetener company was charged Tuesday with theft and securities fraud in Missouri for using bond revenues to avoid foreclosure on his Beverly Hills, Calif., home and for failing to tell the truth about the company's troubled operations. The charges announced by Attorney General Chris Koster cap a yearlong investigation into Bruce Cole, who was chairman and CEO of Mamtek U.S. The company received $39 million in bonds from Moberly, Mo., and authorization for up to $17 million of state incentives to build an artificial sweetener factory in the city which Gov....