SEC v. Archer-Daniels-Midland Company, Vince Macciocchi, Ray Young, and Vikram Luthar

Vikram Luthar allegedly directed “adjustments” to Nutrition’s transactions with other ADM business segments when Nutrition was falling short of its operating profit targets for fiscal years 2021 and 2022. Archer-Daniels-Midland Company (ADM), Vince Macciocchi and Ray Young, appear to have materially inflated the performance of a key ADM business segment, Nutrition, which ADM touted to investors as an important driver of the company’s overall growth. Macciocchi and Luthar led efforts to identify and structure adjustments for fiscal years 2021 and 2022, and Young negligently approved improper adjustments for fiscal years 2019 and 2021, according to the order.

Summary generated from official Securities and Exchange Commission press release