ADM’s rattled shareholders are asking questions about the mounting accounting troubles – and they aren’t the only ones.
Building upon a criminal investigation first reported by Reuters in February, federal prosecutors in recent months have expanded their inquiries into whether ADM or its employees committed crimes including securities fraud and conspiracy, according to subpoenas reviewed by Reuters and people familiar with the probe.
The sprawling scope of the investigation, underway at the U.S. Attorney’s Office for the Southern District of New York, hasn’t previously been reported.
