ADM reached the settlement without admitting or denying any wrongdoing, and said the Justice Department, which had been conducting its own probe, has closed its investigation without bringing criminal charges. The SEC settlement includes charges brought against former Nutrition business unit President Vince Macciocchi and Ray Young, who was ADM's CFO until 2022. Macciocchi has agreed to pay more than $529,000 in fines and other fees, while Young will pay more than $650,000. Luthar's attorney Junaid Zubairi called the allegations "meritless" and said ADM's own investigation found that Luthar had not acted improperly. The SEC considered ADM’s cooperation in accepting the settlement offer, the regulator said in a statement.