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Mark Whitacre | |
|---|---|
.jpg) Whitacre in 2008 | |
| Born | May 1, 1957 Morrow, Ohio, U.S. |
| Education | Ohio State University (BS, MS) Cornell University (PhD) |
| Occupation(s) | Chief Science Officer of Cypress Systems, Inc.[2][3][4] |
| Criminal status | Released December 21, 2006[2][3][4] |
| Spouse |
Ginger Whitacre (m. 1979) |
| Children | Three[6] |
| Criminal charge | Wire fraud, tax fraud, money laundering, price-fixing[1] |
| Penalty | 9 years in federal prison camp (but served ca. 8+1⁄2 yrs. for good behavior)[2] |
Mark Edward Whitacre (born May 1, 1957) is an American business executive who came to public attention in 1995 when, as president of the Decatur, Illinois-based BioProducts Division at Archer Daniels Midland (ADM), he became the highest-level corporate executive in U.S. history to become a Federal Bureau of Investigation (FBI) whistleblower. For three years (1992–95), Whitacre acted as a cooperating witness for the FBI, which was investigating ADM for price fixing. In the late 1990s, Whitacre was sentenced to nine years in federal prison for embezzling $9.5 million from ADM at the same time he was assisting the federal price-fixing investigation.[7][8]
ADM investigated Whitacre's activities and, upon discovering suspicious activity, requested the FBI investigate Whitacre for embezzlement. As a result of $9.5 million in various frauds, Whitacre lost his whistleblower's immunity, and consequently spent eight and a half years in federal prison. He was released in December 2006. Whitacre is currently the chief science officer and President of Operations at Cypress Systems, a California biotechnology firm.[9]
- ^ Cite error: The named reference
DOJwas invoked but never defined (see the help page). - ^ a b c "Lysine Cartel Whistleblower on Price Fixing and Rebuilding his Life after Prison", Feed Info News Service, Global Data Systems, Inc., 2009-01-13, archived from the original on 2010-06-22
- ^ a b Cite error: The named reference
Forbeswas invoked but never defined (see the help page). - ^ a b Cite error: The named reference
Pavlowas invoked but never defined (see the help page). - ^ Cite error: The named reference
Henkoffwas invoked but never defined (see the help page). - ^ a b Lieber 2000, p. 518.
- ^ Journal, Scott KilmanStaff Reporter of The Wall Street (1998-03-05). "Mark Whitacre Is Sentenced to 9 Years For Swindling $9.5 Million From ADM". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-04-11.
- ^ Eichenwald, Kurt (1998-03-05). "Archer Daniels Informant Receives a 9-Year Sentence". The New York Times. ISSN 0362-4331. Retrieved 2020-04-11.
- ^ "Meet the Cypress Team". SelenoExcell, Food-Form Selenium, Minerals. Retrieved 2020-03-10.