Ex-Mamtek CEO ordered to wear GPS unit

Bruce Cole originally asked court to remove electronic monitoring device

POSTED: 07:44 PM CDT May 20, 2013    UPDATED: 12:49 AM CDT May 21, 2013 

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.