Prosecutors Want Closer Monitoring Of Ex-Mamtek CEO
JEFFERSON CITY, Mo. (AP) — Missouri prosecutors want a judge to let them keep closer tabs on the former head of a failed artificial sweetener plant in Moberly.
Attorney General Chris Koster's office said Thursday it has filed a motion in St. Charles County Circuit Court seeking to monitor ex-Mamtek CEO Bruce Cole with a wearable GPS device.
Cole is under house arrest in his home state of California awaiting a Missouri trial on felony fraud and forgery charges. His bond was reduced from $500,000 to $100,000 in March.
The Mamtek project was financed with $39 million in bonds issued by the city of Moberly's Industrial Development Authority. The project collapsed after Cole's company missed a bond payment in August 2011.
A hearing is scheduled Monday on a change of venue from Randolph County.