ADM Agrees to Pay $40 Million to Settle SEC Accounting Fraud Case

ADM agrees to pay $40 million to settle SEC accounting fraud case

Ag company ADM has agreed to pay a $40 million civil penalty to settle a federal accounting and disclosure fraud case brought by the U.S. Securities and Exchange Commission. The SEC’s complaint alleged ADM and its former executives materially inflated the performance of the company’s Nutrition business, which ADM “touted to investors as an important […] The post ADM agrees to pay $40 million to settle SEC accounting fraud case appeared first on …

SEC fines ADM $40 million over accounting issues; DOJ drops criminal probe

The U.S. Securities and Exchange Commission fined Archer Daniels Midland $40 million after the agency found former high-ranking executives artificially inflated the value of one of its businesses. The fine, handed down on Jan. 27 as part of a settlement with the company, relates to ADM’s Nutrition business, which the company had touted as a significant moneymaker to investors. However, as the business failed to meet profit projections, ADM’s chi…

ADM Reaches Settlement in Accounting Investigation

Archer-Daniels-Midland Company (ADM) has reached a settlement with U.S. regulators, resolving a federal investigation tied to accounting practices within its Nutrition business segment. The agreement brings closure to a probe that examined how certain financial results were reported during 2021 and 2022, a period when ADM was positioning its Nutrition division as a major growth […] The post ADM Reaches Settlement in Accounting Investigation appe…

ADM to pay $40M to settle SEC accounting fraud probe

The agency also sued the ingredient maker’s former CFO, claiming he inflated the performance of the company’s key nutrition business segment.

ADM to Pay $40M Fine to Settle SEC Accounting Fraud Charges

Archer-Daniels-Midland Co. agreed to settle accounting and disclosure fraud charges for materially inflating the performance of a key ADM business segment, Nutrition, which the Chicago-based company touted to investors as an important driver of its overall growth.

Grain Trader ADM to Pay $40M in US SEC Settlement, Avoiding Criminal Charges

Grain trader Archer-Daniels-Midland Company will pay a $40 million civil penalty after the U.S. Securities and Exchange Commission charged it and two ​of its former executives with inflating the performance of a key business segment, the regulator ‌said on Tuesday. With the agreement, the U.S. Department of Justice closed a related criminal probe without bringing charges. Read more at Yahoo!Finance