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
SEC says ADM executive engineered accounting to preserve a growth story
The SEC emphasized ADM’s cooperation in resolving the matter.