Securities and Exchange Commission
Demand softened for coal used by utilities to generate electricity due to unseasonably warm weather.
Critics fear the program could lure investors into shakey propositions
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. .
The investigation begins at a time when the General Assembly has debated about a major tax incentive bill to prop up a trade deal with China.