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Aug 28, 1995 · Whitacre’s cover was blown after the FBI raided ADM offices on June 27. By prearrangement, agents interviewed Whit acre along with other executives to make it appear that he was no different.
May 31, 2018 · Whitacre, who in 1992 was a 35 year old corporate vice president at Archer Daniel Midland (ADM), went to the FBI to inform them that his company was part of an international price fixing scheme.
- Walter Pavlo
Sep 7, 2024 · Mark Whitacre served over 8 years in federal prison for fraud and embezzlement related to the ADM case. His sentence was reduced from 10.5 years due to his cooperation with the FBI. After his release in 2006, Whitacre faced challenges re-entering the workforce.
On August 9, 1995, Whitacre was terminated for conducting a $9.5 million fraud after ADM learned that he was an FBI informant for three years. Whitacre wore a wire for the FBI assisting in one of the largest price fixing cases in U.S. history, against ADM. [5]
May 22, 2018 · Since December of 2006, he has also been the Chief Operating Officer (COO) and Chief Science Officer at Cypress Systems, Inc. His undercover work with the FBI during the ADM scandal was the inspiration for the major motion picture, “The Informant,” starring Matt Damon as Mark Whitacre.
Feb 3, 1997 · Mark Whitacre, the FBI informant whose covert tape recordings forced Archer Daniels Midland to plead guilty to the costliest criminal price-fixing conspiracy in U.S. history, is blowing his...
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The FBI learned of the lysine price-fixing conspiracy from Mark Whitacre, then Divisional President of ADM's BioProducts Division, because his wife threatened to inform the FBI if he did not. [9] Whitacre only then told the FBI that he and other ADM executives were involved in price-fixing agreements with other rival businesses around the world.
