// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

ST. LOUIS (AP) - Missouri Secretary of State Jason Kander is preparing to announce what he calls a "major securities action" that involves millions of dollars.

   Kander scheduled a news conference Thursday at the Old Post Office in St. Louis. His office says Kander will seek restitution, civil penalties and fees and costs, but no other details have been released.

   The secretary of state's office is Missouri's chief overseer and enforcer of securities laws intended to protect investors from unfair practices and fraudulent schemes.

 
Published in Local News
Tuesday, 26 March 2013 14:15

Mamtek CEO released after posting bail

MOBERLY, Mo. (AP) - The former CEO of a failed artificial sweetener facility has been released from a Missouri jail after posting $10,000 bail while awaiting trial on theft and fraud charges.

Officials at the Randolph County jail say Bruce Cole was released Monday. He faces one theft charge and four counts of securities fraud stemming from the financial collapse of a Mamtek U.S. facility in Moberly in 2011.

Moberly had issued $39 million in industrial development bonds to help finance the construction of the facility. Among other things, Cole is accused of diverting bond revenues to avoid foreclosure on a home in Beverly Hills, Calif.

He had been held on $500,000 bond until a judge reduced the amount last week.
Published in Local News
MOBERLY, Mo. (AP) - The former CEO of a failed artificial sweetener facility has been released from a Missouri jail after posting $10,000 bail while awaiting trial on theft and fraud charges.

Officials at the Randolph County jail say Bruce Cole was released Monday. He faces one theft charge and four counts of securities fraud stemming from the financial collapse of a Mamtek U.S. facility in Moberly in 2011.

Moberly had issued $39 million in industrial development bonds to help finance the construction of the facility. Among other things, Cole is accused of diverting bond revenues to avoid foreclosure on a home in Beverly Hills, Calif.

He had been held on $500,000 bond until a judge reduced the amount last week.
Published in Local News

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next
Mayor Slay calls for donations to Moore, Oklahoma

Mayor Slay calls for donations to Moore, Oklahoma

  City leaders were together to announce the start of a drive to collect donations headed to Moore, Oklahoma.  The campaign started out on Twitter with the hashtag #STL4OKC. The ...

Friends and family of victim call for investigation int…

Dozens of protesters demonstrated outside St. Louis city police headquarters Wednesday, determined to continue pressuring for an investigation into the shooting death of a St. Loui...

Larry Conners no longer with KMOV

Larry Conners no longer with KMOV

Long-time KMOV reporter and anchor Larry Conners is no longer with the station.  KMOV President Mark Pimentel issued the following statement: "We regret to announce that Larry Co...

Roads closed in advance of Senior PGA Championship

Roads closed in advance of Senior PGA Championship

Some roads are already closed in Town & Country as Bellerieve Country Club as preparations continue for the Senior PGA Championship. From 6AM until 8PM through Sunday, Ladue R...

Man runs from traffic stop, into police headquarters

Man runs from traffic stop, into police headquarters

A St. Louis man redefined the phrase, out of the frying pan and into the fire. Clayton police were conducting a traffic stop when the suspect jumped out of his car and started run...

Police investigating reports of illegal taping at Illinois High School

Police investigating reports of illegal taping at Illin…

BELLEVILLE, Ill. -- AP —Police in Belleville say they’re investigating reports that female students at a Catholic high school secretly were videotaped by one of the school’s sports...

Priya, the elephant calf, makes public debut

Priya, the elephant calf, makes public debut

Visitors to the St. Louis Zoo got their first look at the newest resident of the elephant exhibit. Priya, the Asian Elephant calf, made her debut today. A zoo spokesperson says th...

Gov. Nixon considering expansion to adoption benefits

Gov. Nixon considering expansion to adoption benefits

JEFFERSON CITY, Mo. (AP) - Missouri Gov. Jay Nixon is weighing whether to sign legislation that would allow children's non-related legal guardians to receive adoption subsidies. C...

© 2013 KTRS All Rights Reserved

St Louis Web Design