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SEC sues ex-ADM CFO, alleges accounting fraud
['Maura Webber Sadovi', 'Senior Editor']
CFO Dive - Latest News
ADM has also voluntarily undertaken to cooperate fully with the SEC in the litigation and any other proceedings related to the matters described in the order.
Young agreed to pay disgorgement and prejudgment interest totaling $575,610 and a civil penalty of $75,000.
Former 3M CFO Monish Patolawala took ADM’s finance reins in August of 2024.
“This is reflected in the extensive actions we have taken to enhance our internal controls and ensure accuracy of our financial reporting.
Looking ahead, we remain committed to operating with transparency and integrity and upholding the trust of our stakeholders every day.”