Moberly, MO- Bruce Cole, who was CEO of Mamtek pleaded guilty to theft and securities fraud and was sentenced to seven years in prison.
The city of Moberly who had agreed to issue $39 million in bonds, state of Missouri who had promised millions in tax credits and incentives and investors were defrauded out of millions of dollars by Cole who promised to bring hundreds of jobs to Moberly to produce Sucralose in a process purportedly patented by Mamtek. In reality Mamtek had no patent and had never produced Sucralose.
Some of the capital Cole raised was used to purchase a $6 million home in Beverly Hills, CA.
Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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