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Fortune
Fortune
Sheryl Estrada

Archer Daniels Midland hit with $40M fine in price-fixing probe, 30 years after fraud scandal

The company logo is displayed on a building in the Archer Daniels Midland (ADM) complex in Decatur, Illinois. (Credit: Getty Images)

Archer Daniels Midland Co. (ADM) is back in the headlines for all the wrong reasons. 

In the 1990s, the agricultural giant was implicated in a price-fixing conspiracy that became the basis for the book—and later Matt Damon movie—The Informant!. Now the company’s latest controversy centers around accounting in the company’s nutrition unit.

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