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SEC says ADM executive engineered accounting to preserve a growth story

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Photo: Patrick Durand/Sygma via Getty Images

Vlada Gurvich

5 min read
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The SEC emphasized ADM’s cooperation in resolving the matter.

The SEC announced settled charges against Archer-Daniels-Midland Company (ADM) and its former executives Vince Macciocchi and Ray Young, alongside a litigated action against former executive Vikram Luthar, alleging the inflation of reported results in ADM’s Nutrition segment, a business unit the company had promoted to investors as a key growth

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