Judge: Mamtek CEO committed $1.3M bond fraud

Published August 19, 2014 3:16pm ET



COLUMBIA, Mo. (AP) — The former CEO of Mamtek committed fraud to secure almost $1.3 million from bond funds that were supposed to be used to build an artificial sweetener plant in a central Missouri town, a federal judge ruled in a bankruptcy case.

In a ruling issued Friday, U.S. District Judge Nanette Laughrey rejected all appeals raised by Bruce Cole and his wife, Nanette, and ordered them to repay $904,167 that had been transferred to their personal accounts and $360,000 sent overseas to creditors, The Columbia Daily Tribune reported (http://bit.ly/XxiCuG ).

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