Share this article

print logo

JUDGE STIFFENS SENTENCES OF ADM EXECS

Two former Archer Daniels Midland Co. executives, already behind bars for conspiring to fix the lucrative global market in a livestock feed additive, have been resentenced to more prison time.

U.S. District Judge Blanche Manning stiffened the two-year sentence of former ADM Vice Chairman Michael Andreas to three years and the two-year term of former corn processing chief Terrance Wilson to two years, nine months.

Manning acted under an order from the 7th U.S. Circuit Court of Appeals, which ruled the original sentences were too light.

The appeals court said Manning erred at the initial sentencing when she refused a request from prosecutors for longer sentences.

Andreas and Wilson were convicted in September 1998, along with biochemist and business executive Mark Whitacre, of conspiring with Japanese and Korean competitors to fix the huge world market in lysine, a feed additive designed to promote growth in hogs and poultry. They held meetings in Paris, Mexico City and Tokyo to work out limits on production and sales.

There are no comments - be the first to comment