A former executive for a failed sweetener company appeared before a judge this week. Bruce Cole is accused of inappropriately using funds from a $39 million bond that was intended to build a planned factory in Moberly. Cole remains in custody on a $500,000 cash only bond.
The public defender working on the case asked to withdraw due to Cole’s social security income exceeding standard guidelines. The 65-year-old will next appear for a bond reduction hearing on the first of February.