At about 11:00 Thursday night, a caravan of circus performers and animals were traveling down the highway at about 45 miles-per-hour when a truck rear-ended one of the circus vans.
Kander says Morgan Keegan told investors that the bonds for the plant were secured by Mamtek’s patents when the company didn’t have any patents.
The hearing set to begin today will determine whether the Missouri attorney general’s office has submitted enough evidence to put Bruce Cole on trial.
Bank officials say an auction of equipment at a failed sweetener plant in Moberly has so far raised less than 5 cents for every dollar spent to finance the project.
CEO Bruce Cole remains jailed in California after refusing to be extradited to Missouri to face charges over a failed business planned for Moberly.
The charges announced by Attorney General Chris Koster cap a yearlong investigation into Bruce Cole, who was chairman and CEO of Mamtek U.S.
House committee members investigating failed Mamtek project approved a bill placing greater due diligence standards on officials investigating future economic development projects.
Rep. Jay Barnes, said the legislation serves the purpose of trying to prevent the failure of future economic development projects.
The report makes a point of stating the panel’s finding that the DED did not do its due diligence while investigating Mamtek.,
The Mamtek project fell through after the company defaulted on a $39 million bond payment to Moberly after promising to create around 600 jobs by building an artificial sweetener plant. .