Sweetener Co. CEO Faces Stealing, Fraud Charges

Law360, New York (September 18, 2012, 7:56 PM EDT) -- The chief executive of a failed artificial sweetener company largely funded by $39 million in municipal bonds was hit with Missouri state criminal charges and California federal civil charges on Tuesday alleging he stole $700,000 of the company's money to pay his mortgage.

Mamtek U.S. CEO Bruce Cole faces one count of felony stealing and four counts of criminal securities fraud for allegedly submitting $4 million in sham invoices to the company, $700,000 of which he eventually wired to his wife, Nanette, to pay down the...
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