Columbia
79° F
Partly Cloudy
Partly Cloudy

Bruce Cole's Civil Trial Delayed

Published On: Feb 13 2013 01:55:00 PM CST

Bruce Cole, former CEO of Mamtek

JEFFERSON CITY, Mo. -

A federal bankruptcy judge has delayed the civil trial of the former CEO of a failed artificial sweetener facility and his wife.

Bruce and Nanette Cole are charged with improperly diverting cash from Mamtek US Inc. that was intended for the proposed plant in Moberly.

Local media reports the Coles are accused of receiving $1.4 million from a $39 million bond fund for the plant.

Judge Dennis Dow on Tuesday postponed the trial, which was set to begin Feb. 25. The judge gave the Coles two weeks to respond to a request from the bankruptcy trustee for a summary judgment on some issues in the case.

Bruce Cole is being held in Randolph County jail on criminal charges related to the collapse of the Mamtek deal.

Comments

The views expressed are not those of this company or its affiliated companies. Please note by clicking on "Post" you acknowledge that you have read the Terms Of Service and the comment you are posting is in compliance with such terms. 
blog comments powered by Disqus