Columbia
62° F
Clear
Clear

Ex-Mamtek CEO ordered to wear GPS unit

Published On: May 20 2013 07:44:23 PM CDT
Updated On: May 21 2013 12:49:20 AM CDT

Bruce Cole originally asked court to remove electronic monitoring device

ST. CHARLES, Mo. (AP) -

A Missouri judge has ordered the former head of a failed artificial sweetener plant in Moberly to wear a GPS monitoring device while he awaits trial.

St. Charles County Circuit Judge Daniel Pelikan issued the order Monday during a hearing for Bruce Cole. Pelikan also tentatively scheduled the trial for February.

Cole is under house arrest in his home state of California awaiting a Missouri trial on felony fraud and forgery charges. His bond was reduced from $500,000 to $100,000 in March.

The Mamtek project was financed with $39 million in bonds issued by the city of Moberly's Industrial Development Authority. The project collapsed after Cole's company missed a bond payment in August 2011.

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